UAE, Bahrain to establish joint investment fund

United Arab Emirates and Bahrain are working on establishing a joint investment fund to invest in both countries and abroad, UAE State News Agency (WAM) reported today.

It added that the announcement was in a joint statement issued from the United Arab Emirates and the Kingdom of Bahrain during the visit of Bahraini Crown Prince, Salman Bin Hamad Al-Khalifa to the country.

During official talks held today at Qasr Al Watan in Abu Dhabi, the Bahraini official discussed with Sheikh Mohamed Bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces, the latest regional and global issues, reviewed the state of economic, investment, trade, developmental and political cooperation and explored prospects for furthering this cooperation.

“The UAE and Bahrain share a longstanding history. Our ties with Bahrain go beyond the official profile to be a special one and have endured challenges before and after the Union,” Bin Zayed said.

READ: Qatar ruler receives message from Saudi Crown Prince