Shea Levin — text status

The United Arab Emirates pledged €40 billion in new investment in Germany during President Sheikh Mohamed bin Zayed Al Nahyan’s state visit, targeting German industry, artificial intelligence, technology, digital infrastructure and energy. Companies from the two countries also signed 29 agreements and memorandums of understanding worth more than €9.4 billion, while Germany approved daily Emirates flights between Dubai and Berlin. The new investment comes on top of roughly €34 billion the UAE has already invested in Germany.