Central bank chief discusses prospects for cooperation with UAE stock market

The financial authorities of Azerbaijan and the United Arab Emirates have held discussions on the deepening of bilateral cooperation in their stock markets.

These discussions were led by the Chairman of Azerbaijan's Central Bank (CBAR) Taleh Kazimov, as Caliber.Az reports citing the institution's press release, who is visiting the UAE at the moment. 

During his visit to the UAE, CBAR Chairman Taleh Kazimov visited the Abu Dhabi Securities Exchange.

"The parties exchanged views on opportunities to strengthen relations and prospects for cooperation to support the development of capital markets in both countries," the CBAR's statement said.

The meeting was part of Chairman Kazimov's broader trip to the Middle East in which he attended the AlUla Conference for Emerging Market Economies held in Saudi Arabia a couple of days earlier. On the sidelines of the conference, Kazimov met the Chairman of the Islamic Development Bank, H.E. Dr. Muhammad Al Jasser, as well as the Assistant Governor for Monetary Affairs at the Saudi Central Bank, H.E. Talal Al-Humoud and the Governor of Qatar's Central Bank, H.E. Sheikh Bandar Bin Mohammed Bin Saoud Al Thani.

By Nazrin Sadigova