Russia seeks major investments in UAE, Saudi Arabia

Russia has found major potential for cooperation with the UAE and Saudi Arabia in the investment sector.

That's according to a top Russian official, who says the country is also looking to work more closely with China.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said they want to invest in technology companies in the Middle East,

Russian President Vladimir Putin is set to visit Saudi Arabia on Monday before heading over to the UAE on Tuesday.

More from Business News

News

  • 'Peace is not far away' says Erdogan after Putin meeting

    Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".

  • UAE, Serbia deepen ties with new political agreement

    His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Serbia’s Foreign Minister Marko Đurić. have agreed to deepen political coordination after signing a Memorandum of Understanding (MoU) during talks in Abu Dhabi.

  • UAE strengthens child protection measures

    The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.