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UAE sovereign wealth funds praised
- United Arab Emirates: Thursday, January 31 - 2008 at 07:08
UAE's sovereign wealth funds are 'reliable partners' and have a stabilising effect in today's volatile currency market, said Donald Tsang, the chief executive of Hong Kong, who is heading a high-profile business delegation to Abu Dhabi to explore investment opportunities in the emirate. The value of trade between Hong Kong and the UAE amounted to $3.4bn in 2007, recording an average annual growth rate of 11% from 2002 to 2006.
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Jeff Florian, Senior ReporterThursday, January 31 - 2008 at 07:08 UAE local time (GMT+4)
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