DP World intends to invest $1.9bn in China

Dubai-Mubasher: DP World will pump investments worth $1.9 billion in China, according to the Twitter account of the Crown Prince of Abu Dhabi Mohammed bin Zayed al-Nahayan.

The UAE and China launched a $10 billion UAE-China joint strategic investment fund, reported Emirates News Agency (WAM).

Both countries also renewed their local currency swap agreement for three years, with a swap line of 35 billion yuan ($5.42 billion), the People's Bank of China (PBOC) said on Monday.

Mubasher Contribution Time: 15-Dec-2015 13:10 (GMT)