UAE, Egypt launch joint investment platform

Thursday, 14 November 2019 16:54

The UAE and Egypt have launched a joint strategic investment platform worth AED 73.4 billion.

It comes after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces met with Egyptian President Abdel Fattah El Sisi in Abu Dhabi.

The funds will be used to implement vital economic and social projects in both countries.

Sisi's two day state visit to the UAE has been focussed on strengthening bilateral relations between Egypt and the emirates.

More from Business

New Zealand concludes FTA with India with aim to double trade

New Zealand and India said on Monday they had concluded talks on a free trade deal that would help to double bilateral trade over the next five years.
Mubadala partners with Actis to invest over $350 million in Rezolv Energy

Mubadala Investment Company has committed around €300 million (around $351.5 million) to partner with leading growth market sustainable infrastructure investor Actis in Rezolv Energy, a rapidly scaling independent renewable energy platform in Central and Eastern Europe.
World Bank approves $700 million for Pakistan's economic stability

The World Bank said it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
China's ByteDance signs deal to form joint venture to operate TikTok US app

TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India reviewing allegations of antitrust breaches by IndiGo

India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.

Recently Played

Latest Blogs

Pinoy Bulletin October 21 - 25 2025
Pinoy Expat Corner

Merong Serbisyo Caravan Leg 2 dito sa Dubai ngayon November 15 & 16, 2025 , 8am to 6pm @ Hall 3 Dubai World Trade Center, Dubai.
PINOY BULLETIN : AUGUST 11 - 15 , 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
PINOY BULLETIN : AUGUST 4 - 8, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

UAE, Egypt launch joint investment platform

More from Business

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go

UAE, Egypt launch joint investment platform

Share

More from Business

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go