UAE financial markets undergoing sustainability driven transformation – Gulf Today

UAE financial markets undergoing sustainability driven transformation – Gulf Today

Investors monitor screens displaying stock information at the ADX.

Nadim Najjar, Managing Director, Central & Eastern Europe, Middle East & Africa (CEEMA), for the London Stock Exchange Group (LSEG), asserted that UAE financial markets are undergoing a remarkable transformation. This shift is driven by global and regional trends, particularly in the crucial area of sustainability.

In a statement to Emirates News Agency (WAM), Najjar emphasised the UAE’s vital commitment to directing substantial capital towards achieving net-zero emissions.

He commended the country’s leadership role in this critical field, acknowledging its immense importance in securing climate objectives.

Najjar underscored the UAE’s successful positioning as a prominent player in developing a fully regulated carbon market. This achievement is marked by the comprehensive integration of carbon within the regulatory framework.

He explained that this allows the UAE to effectively manage and trade carbon, offering companies valuable tools to reduce their carbon footprint and manage emissions.

“This initiative not only bolsters responsible corporate practices,” Najjar stated, “but also equips investors with the necessary information to make informed and sustainable investment decisions.”

Najjar pointed out that the UAE’s multifaceted sustainability efforts, coupled with its unwavering focus on innovation and technology, and its established reputation as an entrepreneurial hub, position