ABU DHABI/WAM Emirates Development Bank (EDB) has provided AED1.12 billion in financing to the food security sector, representing 8% of its total cumulative financing. Since the launch of its new strategy in April 2021, EDB’s total financing has reached AED14.72 billion, reflecting the strategic importance the bank places on this critical sector. By supporting food security, EDB seeks to cultivate …

ABU DHABI/WAM The Federal National Council (FNC) on Wednesday adopted a set of recommendations during the discussion of the government’s policy regarding artificial intelligence (AI). The 3rd meeting of the second ordinary session of the 18th legislative chapter of the Federal National Council (FNC) was chaired by its Speaker Saqr Gobash. Omar bin Sultan Al Olama, Minister of State for …

ABU DHABI/WAM Adnoc Gas plc announced on Wednesday that Worley Engineering Pty Ltd has been awarded the Front-End Engineering and Design (FEED) contract for new gas processing facilities at Bab Gas Cap (BGC). The new facilities would boost Adnoc Gas’ current processing capacity by 20% or over 1.8 billion standard cubic feet per day (scfd) with a Final Investment Decision …