UAE considers $50-billion investment in India

The prospect comes on the heels of Prime Minister Modi’s meeting with President Sheikh Mohammed bin Zayed in July The United Arab Emirates (UAE) is considering investing $50 billion in India amid strengthening trade ties between the two Asian economic powerhouses. As part of the push to bolster trade ties, entities tied to Sheikh Tahnoon bin Zayed Al Nahyan have already discussed plans to invest billions of dollars in the south Asian country, Bloomberg reported, citing sources familiar with the matter. Tahnoon is UAE president Sheikh Mohammed bin Zayed’s brother and has close ties to Gautam Adani, an Indian magna

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Last updated : 03 Nov 2023 clock 06:09 AM

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