President issues law establishing Emirates Investment Authority

President H.H. Sheikh Khalifa bin Zayed Al Nahyan has issued a federal law, setting up the Emirates Investment Authority (EIA).
According to the law, the EIA shall be responsible for developing investments on behalf the government and for generating revenues for the government
The law mandates EIA to participate in drawing and coordinating policies of investing Federal Reserve funds in a way that will provide viable returns on investment. Source

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