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ADFD injects AED1.47bn into Sudan to stimulate economy

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) deposited AED1.47 billion into the Central Bank of Sudan (CBOS) to secure increased liquidity and stimulate economic growth in Sudan. Mohammed Saif Al Suwaidi, Director-General of ADFD, signed an agreement to that effect with Hazim Abdegadir Ahmed Babiker, Governor and Chairman of the Board of the CBOS. Reaffirming the ...

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India welcomes Mohamed’s visit

  Abu Dhabi / WAM Navdeep Suri, Indian Ambassador to the UAE, has praised the exceptional ties between the UAE and India, which have witnessed unprecedented development in investment and trade relations, among others. India will welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on 26 ...

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Dubai’s DP World creates $3.7bn investment vehicle

  DUBAI / REUTERS Dubai ports operator DP World said it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth $3.7bn that would invest in ports and terminals worldwide. DP World will hold a 55% share in vehicle while Caisse de dépôt, a long-term institutional investor that manages funds ...

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