Italy has asked the United Arab Emirates for help in the current economic crisis, inviting it to increase investments in Made in Italy products, but also to contribute to its sovereign debt.
Italian exports rose by 23 percent in the first four months of the year and are expected to reach a record of 5.5 billion euro ($7.08 billion) in 2012. Rome is now relying mainly on interest in maxi sovereign funds.
Italy’s Prime Minister Mario Monti is planning to visit the Gulf states at the end of November and is scheduled to meet with UAE financial experts on Nov. 20 in the UAE capital, Abu Dhabi.
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