ABU DHABI/WAM The Arab Monetary Fund (AMF) reported a significant growth in the assets of the banking sector in the Arab countries, rising to $4.574 trillion at the end of 2023, up from $4.355 trillion in 2022, marking a 5 percent growth. The AMF’s Financial Stability Report for Arab countries highlights that banks in the UAE hold the largest share ...

ABU DHABI/WAM The United Arab Emirates continues to support the brotherly Palestinian people in overcoming the humanitarian challenges faced by the residents of the Gaza Strip. The Operation Chivalrous Knight 3 team distributed potable water to medical points and areas where displaced people have gathered in Khan Yunis as part of a campaign aimed at alleviating the suffering of patients ...

ABU DHABI/WAM The Abu Dhabi SME Champions programme, launched by the Abu Dhabi Department of Economic Development (ADDED) in 2023 to boost SME participation in procurement opportunities with large private companies (LCs) and government-related entities (GREs), facilitated the award of AED88.6 million in procurement deals within six months of the programme’s commencement, surpassing initial expectations. During the pilot phase, the ...