UAE’s ADQ invests in Egypt to boost its economy 

The investments come as part of ADQ’s commitment to invest in Egypt’ economy through its $20 billion joint strategic investment platform. (Shutterstock)
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Updated 13 April 2022
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UAE’s ADQ invests in Egypt to boost its economy 

RIYADH: Abu Dhabi-based investment and holding company, ADQ, has invested in several transactions in Egyptian firms, in a bid to support the north African country’s economy. 

The investments come as part of ADQ’s commitment to invest in Egypt’ economy through its $20 billion joint strategic investment platform, it said in a statement.  

Transactions include stakes in one of Egypt’s largest lenders, the Commercial International Bank, the e-payments platform Fawry, logistics company Alexandria Container & Cargo, Misr Fertilizers Production Co., and Abu Qir Fertilizers & Chemical Industries. 

ADQ didn’t specify how much it will spend.

“Since the inception of ADQ’s $20 billion strategic investment platform with the Sovereign Fund of Egypt, we have executed several investment opportunities in Egypt, with the aim to deliver robust commercial benefits and sustainable growth,” CEO of ADQ, Mohamed Hassan Alsuwaidi, said. 

“The recent transactions are a testament to our long-term commitment to elevate our investment partnership with Egypt, and to continue deploying capital in projects of commercial importance,” Alsuwaidi added. 


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.