UAE to invest $1 billion in Pakistani companies

WAM

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.

More from Business

  • Emirates announces codeshare with AEGEAN

    Emirates has announced a new codeshare partnership with AEGEAN, allowing its customers to benefit from increased connectivity to eight domestic Greek points via Athens using a single ticket.

  • Gulf Air to start flights to RAK International

    Gulf Air, the national carrier of Bahrain, will commence scheduled services to Ras Al Khaimah on October 3.

  • China cuts key lending rates

    China's economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis, while the central bank surprised markets with key lending rates cuts to revive demand.

  • Saudi Aramco unveils record $48.4 billion Q2 profit

    Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after the war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.

  • Potential hack for some Boeing planes fixed

    A digital vulnerability in the computer systems used on some Boeing aircraft that could have allowed malicious hackers to modify data and cause pilots to make dangerous miscalculations has been fixed.

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

BUSINESS BREAKFAST LATEST

On Dubai Eye