| Abu Dhabi plans to merge two of its sovereign investments funds, just weeks after the emirate’s largest banks said they are looking to combine, as Persian Gulf governments reshape their economies amid falling oil revenues.
Abu Dhabi’s powerful Crown Prince Sheikh Mohamed bin Zayed has asked the International Petroleum Investment Company, or IPIC, to merge with Mubadala Development Co., according to a statement carried by the official United Arab Emirates state news agency. Abu Dhabi is one of the seven members of the U.A.E., one of the world’s top oil exporters...............................................Full Article: Source
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