President Sheikh Mohamed and Kenya's President William Ruto. UAE Presidential Court / AFP
President Sheikh Mohamed and Kenya's President William Ruto. UAE Presidential Court / AFP

President Sheikh Mohamed discusses investment opportunities with Kenyan President Ruto



President Sheikh Mohamed held a telephone conversation with Kenyan President William Ruto on Monday.

During the call, they discussed strengthening bilateral relations and explored potential opportunities, particularly in investment and development, state news agency Wam reported.

The two men also reviewed progress in co-operation in areas such as the economy, investment, renewable energy, technology and digital infrastructure.

It follows the completion of a Comprehensive Economic Partnership Agreement between the UAE and Kenya, which was announced in February.

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Updated: August 05, 2024, 3:37 PM