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Debt market key for Dubai financial stability

Deloitte, in collaboration with the DEC, has issued a report titled 'Developing Dubai's debt market to promote investment and growth' which clarifies the rationale for developing a local debt market.

Dubai: The debt capital market can play a crucial role in enhancing the financial sector through its role in diversifying sources of financing for both the government and private sector, said Dubai Economic Council secretary-general Hani Al Hamli. He was launching a joint report by Deloitte Corporate Finance Limited.
Deloitte, in collaboration with the DEC, has issued a report titled 'Developing Dubai's debt market to promote investment and growth' which clarifies the rationale for developing a local debt market. It analyses the factors that are likely to provide the stimulus for the development of Dubai's conventional and Islamic debt markets.
The report provides a benchmarking of Dubai with other regional and international financial hubs that have either proven successful in attracting investment, or are at the stage of developing their debt capital markets and directly competing with Dubai.
"The DEC recently worked with Deloitte to draft the second edition of their series of policy reports on the financial sector, focusing on debt capital markets, both conventional and Islamic, aimed at analysing its present situation and future prospects, identifying opportunities and challenges," Al Hamli said.
abdulbasit@khaleejtimes.com