Dubai sets up new fund to manage government investments

Dubai sets up new fund to manage government investments

An Emirati man looks out from the Dubai Creek Habour Development towards the Burj Khalifa tower, center, and other skyscrapers in Dubai, United Arab Emirates, on Monday, June 18, 2018. Photographer: Christopher Pike/Bloomberg

Dubai will transfer the shares it owns in Dubai Electricity and Water Authority, toll-road operator Salik and Dubai Taxi to a new investment fund that will aim to generate returns and bolster the emirate’s financial stability, Dubai Media Office said on Monday.

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