Indian ambasador rings Nasdaq Dubai bell, lauds ties with UAE
Navdeep Suri flanked by Nasdaq Dubai officials and other guests at the exchange on Thursday.
Dubai - Indian companies, nationals continue to make outstanding contribution to economic success of UAE
Indian Ambassador to the UAE Navdeep Suri celebrated India's Independence Day by ringing the market-opening bell at Nasdaq Dubai.
The ceremony reflected the rapid growth of the close financial and economic ties between the UAE and India, as well as their strong social and political links. Bilateral trade has increased from $52 billion in 2017 to $60 billion in 2018, according to official Indian figures.
Suri said: "The initiative taken by Nasdaq Dubai is a reflection of the increasingly close strategic partnership between India and UAE. It also demonstrates recognition of India's position as a driver of regional economic growth and the enormous possibilities that this opens up for Dubai to create a dynamic, mutually beneficial pathway for capital flows."
Hamed Ali, CEO of Nasdaq Dubai, said: "We look forward to further strengthening bilateral capital markets ties. Indian companies and nationals continue to make an outstanding contribution to the economic success of the UAE and Nasdaq Dubai is ready to support the growing development of a broad range of markets activities."
UAE companies including Nasdaq Dubai-listed DP World are major investors in India in sectors including ports, transport infrastructure, energy and housing.