INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE to invest $1bn in Pakistani companies across various sectors

UAE's deposit brings the state's foreign reserves to $7.5 billion -- more than double last week's account balance.
  • The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries
  • The two countries will cooperate in various fields, including gas, energy infrastructure, renewable energy, logistics etc

United Arab Emirates will invest US$1 billion in Pakistani companies, an official source told Emirates News Agency.

The move aims to explore new investment opportunities and areas for cooperation in projects across various sectors, so as to expand bilateral economic relations in the best interest of the two countries.

The official emphasized the keenness of the UAE and Pakistan to continue cooperation in various fields, including gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services.