Mansour bin Zayed chairs EIA's first board meeting
The meeting was attended by HE Mohammed bin Abdullah Al Gergawi, Minister of State for Cabinet Affairs and EIA's Deputy Chairman, and the board members Khadim Al Qubaisi, Saoud Ba'alawi, Abdul Hamid Saeed Hashim Al Dabal and Isa Al Suwaidi.
Sheikh Mansour outlined EIA's role in drawing up policies for investment of federal government reserves to generate viable revenues for the federal budget and to diversify sources of income.
The board approved formation of an executive committee to coordinate tasks and to prepare the EIA's bylaws. The committee members are Isa Al Suwaidi, Hashim Al Dabal and Abdul Hamid Saeed.
A presentation was made by the Ministry of Finance on the federal government's investments.
The EIA was established last November by virtue of a federal decree issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan.
WAM/MAB