Dubai Department of Finance and The Stock Exchange of Thailand discuss deepening local bond markets

During a wide-ranging working session led by H. E. Sami Al Qamzi, Director General of the Dubai Department of Finance, and SET Chairman Pakorn Malakul Na Ayudhya, the two organizations discussed recent developments in global and regional bond markets and explored areas of mutual interest.

H. E. Al Qamzi related the Dubai Government's experience preparing for a planned sovereign bond issue.

'Dubai has demonstrated its success in becoming an international financial center and in forging close ties with leading international institutions, in both the public and private sectors. By working together, the Dubai Department of Finance and The Stock Exchange of Thailand will support the development of domestic bond markets in both countries,' Al Qamzi said.

Noting Dubai's position as a regional business hub and strategic trading partner for Thailand in the Middle East, Pakorn said, 'By extending this long-standing relationship into the arena of bond markets, we will further strengthen these ties and generate benefits for businesses in both markets.'

The important role of institutional investors, such as pension funds and insurance companies, in the development of vibrant and liquid bond markets also was discussed.