Charlie Walker, Deputy CEO of the London Stock Exchange (LSE), affirmed that the UAE is solidifying its position as an economic powerhouse in the Middle East and North Africa (MENA) region, playing a pivotal role in the bond issuance market in collaboration with the London Stock Exchange Group (LSEG).
During his visit to Abu Dhabi, Walker praised the UAE’s economic leadership in a statement to the Emirates News Agency (WAM). “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 said. He emphasized the country’s significant contribution to global economic transformation, which is enhancing its status both regionally and globally.
Walker highlighted the UAE’s dominance in bond issuances, noting that it accounts for approximately 39% of the total bond issuances in the region. Since the beginning of this year, the UAE has successfully completed 37 bond issues worth $18.51 billion, leading the issuance of debt instruments across the Middle East and Africa. He attributed this success to the country’s robust government policies and strategic collaborations with global entities such as LSEG.
“The partnership between the LSEG and Abu Dhabi Securities Exchange (ADX) is a strategic move to strengthen the financial infrastructure in the UAE and the wider region,” Walker noted. He pointed to the FTSE ADX index series as a reliable benchmark that enables investors to track the performance of key sectors in Abu Dhabi, empowering them to make informed investment decisions.
The recent launch of the FTSE ADX ESG Index underscores the UAE’s commitment to promoting responsible investment practices, providing investors with tools to align their portfolios with global environmental and social governance (ESG) standards.
“Through this partnership, LSEG and ADX are building a strong and competitive financial market that will support the UAE’s economic growth and help it achieve its goal of becoming a global center for sustainable investment,” Walker stated.
He also emphasized the LSE’s role as a key platform for Emirati companies to finance ambitious projects in renewable energy, infrastructure, and technology. In 2023, Masdar raised $1 billion through green bonds, showcasing the UAE’s dedication to renewable energy and sustainability targets.
Walker noted the growing demand for sustainable financial instruments, including Sukuk and green bonds, in the region. He highlighted that Sukuk issuances in the Middle East have reached approximately $80 billion, reflecting the region’s remarkable growth in financial markets.
