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UAE: Investment fund deal with Kazakhstan

The International Petroleum Investment Company (IPIC) signed an agreement with Kazakhstan to set up a 3.68 billion dirham ($1 billion) investment fund.

The Al Falah Fund will invest in energy and other sectors in Kazakhstan and the Caspian Sea, in line with the instructions of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan and the follow-up and supervision of General Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces. (Gulf News)