Post by: Layla Badr
Photo: Dubai Government Media Office
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, visited the Bombay Stock Exchange (BSE) in Mumbai, India. He is also the Deputy Prime Minister and Minister of Defence of the United Arab Emirates (UAE). This visit was a part of his official trip to India.
The BSE is one of the oldest stock exchanges in the world. It was started in 1875 and is the first stock exchange in Asia. It is located in Mumbai, which is known as India’s financial and business capital.
When Sheikh Hamdan arrived at the BSE, he was welcomed by Mr. Sundararaman Ramamurthy, who is the Managing Director and CEO of the stock exchange. As part of the ceremony, Sheikh Hamdan rang the opening bell, which marks the beginning of the trading day.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
During his visit, he was shown how the BSE works. He learned that the exchange has over 5,600 listed companies and is one of the biggest stock exchanges in the world in terms of the number of companies and market value. He was also told about the steps BSE is taking to improve its systems and offer more services to help the Indian financial market grow.
Sheikh Hamdan spoke about how the UAE wants to build stronger financial ties with other countries, including India. He said both the UAE and India are using modern technology like artificial intelligence and blockchain to improve their financial systems.
He explained that working with international stock markets is a part of the UAE’s larger plan to support global trading and bring in more investment. He also shared Dubai’s big economic goals, which include becoming one of the world’s top four financial centres. This goal is part of the Dubai Economic Agenda called D33. Dubai also plans to grow its capital markets to a value of AED 3 trillion.
Sheikh Hamdan said he looks forward to stronger cooperation between the Bombay Stock Exchange and the Dubai Financial Market. He believes this will help connect the capital markets of the East and West even more.
The BSE has been an important part of India’s financial system for nearly 150 years. It gives Indian companies a strong platform to raise money and grow. In May 2024, the total value of all companies listed on the BSE crossed $5 trillion, showing the strong progress of India’s economy.
#trending #latest #SheikhHamdan #DubaiToIndia #BSEVisit #DubaiFinancialMarket #UAEIndiaRelations #CrownPrinceInIndia #StockExchangeVisit #DubaiEconomicAgenda #BSE1875 #GlobalFinance #CapitalMarkets #IndiaUAE #BusinessTies #FinancialGrowth #InternationalInvestment #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai
JD Vance's visit to India focuses on trade discussions, cultural diplomacy, and strengthening US-India ties amid global trade tensions...Read More.
Dubai recorded $4.9B in property sales, including a $17M home on Palm Jumeirah. 4,662 deals took place between April 14 and April 18....Read More.
Indian Air Force Joins Exercise Desert Flag-10 in UAE
Indian Air Force takes part in Exercise Desert Flag-10 at UAE's Al Dhafra Air Base with 11 other nat
Piastri takes F1 title lead after Saudi Arabian Grand Prix
Oscar Piastri wins the Saudi Arabian GP, taking the Formula One title lead from Lando Norris. Versta
11 Dead, Including 3 Children, in New Delhi Building Collapse
A building collapsed in New Delhi, killing 11 people, including 3 children. Rescue teams worked thro
UAE President Receives Iraqi FM, Invited to Arab Summit
President Sheikh Mohamed met Iraqi FM Fuad Hussein, who invited him to the Arab Summit in Baghdad; b
Humanoid Robots Race with Humans at Half-Marathon in China
21 humanoid robots raced alongside runners in the Yizhuang half-marathon, showcasing robotic enginee
