UAE to invest $1 billion in Pakistani companies

Friday, 5 August 2022 19:02

The UAE plans to invest $1 billion in Pakistani companies operating across various economic sectors.

According to the Emirates News Agency (WAM), an official source in Abu Dhabi has emphasised the UAE's intention to invest in the South Asian nation.

It's part of efforts to explore new investment opportunities and areas for cooperation.

The latest move also confirms the UAE's keenness to continue cooperation in various fields, which include gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services.

#UAE to invest $1 billion in Pakistani companies across various economic, investment sectors#WamNews https://t.co/rxl3W94OAo pic.twitter.com/I6csigcqW8
— WAM English (@WAMNEWS_ENG) August 5, 2022

More from Business

FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum

The UAE's Federal National Council (FNC) has proposed the creation of a Euro-Mediterranean and Gulf artificial intelligence hub to boost investment, research and cooperation in one of the world's fastest-growing sectors.
UAE calls for stronger Euro-Mediterranean, Gulf cooperation

Federal National Council Speaker Saqr Ghobash has called for closer economic and parliamentary cooperation between Euro-Mediterranean and Gulf countries to help address rapid technological and economic change and support sustainable development.
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract

The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports launches new logistics link between UAE and Iraq

AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait plans to boost oil output to 2 million bpd in a week

Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.

News

Father's Day: H.H. Sheikh Mohammed remembers 'their virtues, their lives'
In a post to mark Father's Day, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said we remain a reflection of their contributions long after they are gone.
Dubai Civility Committee discuss new initiatives to enhance urban experience
The Dubai Civility Committee held its fifth meeting this week to review the latest initiatives to elevate the experience of residents and visitors in Dubai.
H.H. Sheikh Mohamed marks Father's Day with tribute to late Sheikh Zayed
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has marked Father's Day by posting a beautiful photography from his childhood, paying special tribute to Founding Father, the late Sheikh Zayed, and saluting "every father who follows in his footsteps".

UAE to invest $1 billion in Pakistani companies

More from Business

News

Our Shows

Quick Links

Listen on the Go

UAE to invest $1 billion in Pakistani companies

Share

More from Business

News

Our Shows

Quick Links

Listen on the Go