DFM receives Swedish delegation

23/02/2009 - Dubai Investment News
DFM receives Swedish delegation

The Dubai Financial Market (DFM) has welcomed a high-profile delegation of Swedish economic officials and private financiers in a meeting which is hoped to expand existing trade relations between the two countries.

Sweden's minister for local government and financial markets Mats Odell led the group along with the country's ambassador to the UAE Bruno Beijer.

Along with representatives of a number of high-profile private companies, the duo met DFM chairman Essa Kazim and other officials from the organisation.

"I think we share great opportunities that encourage fruitful cooperation between the two countries. We look forward to form new partnerships, that will lay a strong foundation for long term growth," said Mr Odell.

Meanwhile, Mr Kazim said that there had been a "fruitful discussion" of broad economic interests, with particular focus on invigorated cooperation in the financial and banking sectors of the two countries.

In other financial developments, the Dubai government has received acclaim from many sectors of the economy after it announced the issuance of a new $20 billion (£13.7 billion) long-term bond facility.