ARN News Centre

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

Mubadala, France's Safran to drive aerospace growth in UAE

Mubadala Investment Company and Safran, a French multinational aerospace and defence corporation, have joined forces to accelerate aerospace innovation and development within the UAE.
Indian billionaire Adani charged in US with bribery

Gautam Adani, the billionaire chairperson of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in a $265 million bribery scheme, according to US prosecutors.
Bitcoin hits record high

Bitcoin reached a historic high of over $97,000 on Thursday, driven by expectations that US President-elect Donald Trump will introduce pro-cryptocurrency measures.
Dubai International Chamber marks 117% increase in MNCs

Dubai International Chamber attracted 157 companies in the first nine months of the year, marking a 68.8 per cent increase compared to the same period last year, including a 117 per cent increase in multinational companies (MNCs) YoY.
Air Expo Abu Dhabi 2024 gathers industry leaders

The Minister of Tolerance and Coexistence, H.E. Sheikh Nahyan bin Mubarak Al Nahyan, inaugurated Air Expo Abu Dhabi 2024 on Tuesday as top industry CEOs and distinguished guests gathered for the event.