Russia to invest more than $1.3bn in UAE

MoscowThe Russian Direct Investment Fund (RDIF) is set to plough more than $1.3 billion into the UAE via 10 deals signed with investment partners from the Gulf state, including Mubadala Investment Company. A statement issued by the Russian sovereign wealth fund said that the deals would cover a number of sectors including high tech, health care, mineral resources extraction, logistics and industrial manufacture. “We see [possible] cooperation in other markets, maybe China and Saudi Arabia,” said Kirill Dmitriev, chief executive of RDIF. He also referenced the strong ties between the RDIF and Mubadala. News of the UAE investment deals comes a week after the RDIF opened its first foreign office on Saudi Arabia. One of its roles will be managing the Russia-Saudi Investment Fund established by the RDIF and the Saudi sovereign fund Public Investment Fund. To date the joint fund has invested more than $2.5 billion in 25 different projects. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.