Charlie Walker, Deputy CEO of the London Stock Exchange (LSE), has highlighted the UAE's growing influence as a leading economic powerhouse in the Middle East and North Africa (MENA) region.
During his visit to Abu Dhabi, Walker emphasized the UAE's pivotal role in the bond issuance market in collaboration with the London Stock Exchange Group (LSEG).
Walker credited the UAE's advanced infrastructure and thriving capital markets for driving regional economic growth. He revealed that the UAE accounts for 39 percent of total bond issuances in the region, having completed 37 bond issues worth $18.51 billion in 2023 alone. This success, Walker noted, is the result of strong government policies and strategic partnerships with global entities like LSEG.
One key initiative is the partnership between LSEG and Abu Dhabi Securities Exchange (ADX), which includes the launch of the FTSE ADX ESG Index. This index promotes responsible investment practices by aligning portfolios with environmental and social governance (ESG) goals. Walker hailed the collaboration as a crucial step in building a competitive financial market that supports the UAE’s economic ambitions and sustainable investment goals.
In addition, Walker highlighted the LSE’s role in financing Emirati projects in renewable energy, infrastructure, and technology. In 2023, Masdar raised $1 billion through green bonds, underscoring the UAE’s commitment to sustainability.
The UAE's increasing demand for sustainable financial instruments, including Sukuk and green bonds, further positions it as a leader in the global capital markets, with Sukuk issuances in the Middle East reaching $80 billion.
News Source: Emirates News Agency
