The Emirates Investment Authority (EIA), the UAE's only federal sovereign wealth fund, plans to shift the focus of future investments from telecoms into financial services, healthcare and education, its treasury director said.
Set up in 2007, the EIA manages the federal government's stakes in a number of key firms including United Arab Emirates' telecom operators Etisalat and du.
Paul Oliver also said the EIA - which has kept a lower profile than peers like the Abu Dhabi Investment Authority (ADIA), among the world's largest sovereign wealth funds - may issue bonds in the future with any move linked to an investment.
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