According to Charlie Walker, deputy CEO of the London Stock Exchange (LSE), the UAE is strengthening its position as a major economic force in the Middle East and North Africa (Mena) area by playing a major role in the bond issuance market with the London Stock Exchange Group (LSEG).
In a statement to the Emirates News Agency (WAM) during his visit to Abu Dhabi, Walker stated, “The UAE continues to drive economic growth in the region through its innovative solutions and strategic partnerships, leveraging its advanced infrastructure and thriving capital markets.” He underlined that the UAE is contributing substantially to global economic change and solidifying its position as a regional and global economic powerhouse.
He continued by saying that the UAE issues roughly 39% of all bonds issued in the region, demonstrating its capacity to draw in the funding required to support significant strategic initiatives. He said that since the start of this year, the UAE has issued 37 bond offerings totalling US$18.51 billion, making it the largest issuer of debt instruments in the Middle East and Africa.
Walker noted that strong government policies and smart collaboration with international organisations like the LSEG, which offers UAE businesses and government agencies the perfect platform to access international capital markets, are the reasons behind this achievement.
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