India's ambassador to the UAE, Navdeep Suri, rang the opening bell of the market on NASDAQ Dubai yesterday to celebrate India's Independence Day.
According to a statement issued yesterday, the ceremony reflects the rapid growth of close financial and economic ties between the UAE and India, as well as their strong social and political ties, pointing out that the trade volume between the two countries reached $ 60 billion (about 220.3 billion dirhams) in 2018, up from 52 In 2017, more than three million Indian nationals resided in the UAE.
"I am delighted to join NASDAQ Dubai to celebrate India's Independence Day. This initiative, embraced by NASDAQ Dubai, reflects the growing strength of the strategic partnership between India and the UAE," he said.
He stressed that this event is in recognition of India's position as one of the main drivers of the growth of the regional economy, which gives Dubai enormous opportunities for efficient and useful ways of capital flows between the two countries.
Nasdaq Dubai Chief Executive Hamid Ali said that NASDAQ Dubai is ready to support the growing development of many market activities.