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. Copyright © 2019 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
