His highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Heir Prince of Dubai, Vice Prime Minister and Minister of Defense, visited today the Bombay Stock Exchange (EEB) as part of his official visit to India. Located in Mumbai, the financial and commercial capital of India, EEB is one of the world’s oldest stock exchanges and the first in Asia, established in 1875.
His highness was received in the exchange for Lationaraman Ramamurthy, managing director and CEO of the EEB.
Its highness classifies the opening bell to mark the beginning of the commercial session of the day. Duration The visit, its highness was informed about the OB operations, which today is among the largest global values exchanges in the world in terms of the number of lista companies, which exceeds 5,600, as market capitalization. It was also informed about the continuous efforts of the exchange to improve its infrastructure and expand services to support the growth of the capital markets of India.
Sheikh Hamdan stressed Eau’s enthusiasm to deepen cooperation between their financial markets and international counterparts. He noticed the efforts of both countries to improve capital markets through digital innovation, including the use of technologies such as artificial intelligence and block chain. The commitment to the financial markets of India is aligned with the broader strategy of the EAU to build strategic ties with global exchanges, the cross -border trade of facilitation and attract international investments, said its highness.
Sheikh Hamdan also highlighted Dubai’s economic ambitions, based on his role as a long time as a regional and international center for finance, businesses and commerce. These aspirations are reflected in the D33 economic agenda of Dubai, whose objective is to establish Dubai as one of the four world world financial centers in the world, as well as the strategic plan of the Emirate to expand the size of its capital markets to AED3 billion.
His highness expressed the hope of greater cooperation between the Bombay Stock Exchange and Dubai’s financial market, which will further improve Dubai’s growing role as a key link between Eastern and Western capital markets.
The Bombay Stock Exchange (BSE) was established in 1875, which made it the first Stock Exchange of Asia. One of the fastest commercial exchanges in the world, the EEB is a key pillar of the capital markets of India. For almost 150 years, he has played a vital role in supporting the growth of Indian companies by providing a dynamic platform to raise capital. In May 2024, the total market capitalization of companies that quote US $ 5 billion for the first time, underlining the strength and impulse of growth of the Indian economy.
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