Adia Acquires 36 Percent Stake in Peruvian Company

Gulfnews, Feb 16 2016

Abu Dhabi Investment Authority acquired stake in Fenix Power Peru

Abu Dhabi Investment Authority (Adia), has acquired a 36 % stake in Fenix Power Peru, a Thermoelectric power generation company in Lima. Peru has received up to $1.7 billion in investments from the UAE since 2010, making Peru the second biggest investment destination in Latin America.

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Trans-Pacific Partnership trade deal signed, but years of negotiations still to come

Trans-Pacific Partnership trade deal signed, but years of negotiations still to come

The Trans-Pacific Partnership, one of the world’s biggest multinational trade deals, was signed by 12 member nations(Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam) in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality.