US national security officials are scrutinising an Abu Dhabi sovereign wealth fund’s planned $3bn takeover of New York-based Fortress Investment Group amid concerns in Washington over the United Arab Emirates’ ties to China, people close to the situation told the Financial Times. The review by the Committee on Foreign Investment in the United States, an...
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July 11, 2023July 25, 2023News
UAE’s Dirham can be the third currency in India-Russia trade, says Russian economist
Russia had to settle for the Chinese Yuan while receiving payments from India for its energy exports as Moscow found the Indian Rupee to be ‘volatile’, Sergey Luzyanin said Dirham, the currency of the United Arab Emirates, could be considered for India-Russia trade, a leading Russian economic commentator said on Wednesday. Speaking at an interaction of...