Middle East Economic Survey

VOL. LI

No 32

11-Aug-2008

UAE

ADFDs Capital Doubled To $2.2Bn

The capital of the Abu Dhabi Fund for Development (ADFD) has been doubled to Dh8bn ($2.2bn) from the previous Dh4bn ($1.1bn), following the publication on 4 August in the Abu Dhabi Official Gazette of an amendment of the law establishing the fund in July 1971. The Abu Dhabi government will subscribe to all of the capital increase and provide the additional funds at the request of the funds board of directors....