Charlie Walker, Deputy Managing Director of the London Stock Exchange (LSE), said that the UAE is enhancing its position as a leading economic powerhouse in the Middle East and North Africa (MENA) region through its significant role in the bond market with Bursa Group.
Publish dateThursday 24 October 2024 - 16:12
Deputy CEO of (LSE):
The UAE accounts for about 39% of the total bond issuance in the region
According to Amac News: The Deputy Managing Director of the London Stock Exchange (LSE) further said that the United Arab Emirates accounted for about 39% of the total issuance of bonds in the region, which shows the country's ability to attract the capital required for financing. Important strategic projects.
He added that since the beginning of this year, the United Arab Emirates has completed 37 bond issuances with a total value of 18.51 billion US dollars, which has led to the issuance of debt documents in the Middle East and Africa.
He noted that the partnership between LSEG and the Abu Dhabi Stock Exchange (ADX) is a strategic move to strengthen the financial infrastructure in the UAE and the wider region.
The launch of the FTSE ADX ESG Index demonstrates the UAE's commitment to promoting responsible investment practices by providing investors with the tools to align their portfolios with global environmental and social governance goals.
In 2023, Masdar raised USD 1 billion through green bonds, demonstrating the UAE's commitment to renewable energy and sustainability goals.
He emphasized that with increasing demand for sustainable financial instruments such as sukuk and green bonds, LSE has become a key partner in the development of the UAE capital market. The region has witnessed a significant growth in financial issuance, so that the issuance of sukuk in the Middle East has reached about 80 billion dollars.
He added that since the beginning of this year, the United Arab Emirates has completed 37 bond issuances with a total value of 18.51 billion US dollars, which has led to the issuance of debt documents in the Middle East and Africa.
He noted that the partnership between LSEG and the Abu Dhabi Stock Exchange (ADX) is a strategic move to strengthen the financial infrastructure in the UAE and the wider region.
The launch of the FTSE ADX ESG Index demonstrates the UAE's commitment to promoting responsible investment practices by providing investors with the tools to align their portfolios with global environmental and social governance goals.
In 2023, Masdar raised USD 1 billion through green bonds, demonstrating the UAE's commitment to renewable energy and sustainability goals.
He emphasized that with increasing demand for sustainable financial instruments such as sukuk and green bonds, LSE has become a key partner in the development of the UAE capital market. The region has witnessed a significant growth in financial issuance, so that the issuance of sukuk in the Middle East has reached about 80 billion dollars.
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Source : news agency wam
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