RIYADH: Dubai and China are set to enhance their capital market ties through a newly signed agreement between their stock exchanges.
According to a press statement, the Dubai Financial Market, in collaboration with Nasdaq Dubai and the Shanghai Stock Exchange, has signed a memorandum of understanding to advance joint products, including initiatives in indices and electronic funds transfer.
This strategic alliance will also open avenues for introducing innovative products in environmental, social, corporate governance and sustainability.
This step marks a significant development in fostering financial collaboration between these exchanges.
