WASHINGTON / WAM Abu Dhabi Fund for Development (ADFD) and CAF – Development Bank of Latin America and the Caribbean—have signed a landmark agreement aimed at enhancing collaboration to promote sustainable economic growth and reduce inequalities in Latin America. The agreement establishes a framework for joint initiatives in project co-financing, investment, and information exchange on the sidelines of the annual …

RAS AL KHAIMAH / WAM Commercial licences in the emirate of Ras Al Khaimah increased by 28.6 percent, and professional and industrial licences by 25 percent each in the first nine months of the year, according to the commercial performance report issued by the emirate’s Department of Economic Development. The report showed a significant growth of 27 percent in commercial …

ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and EMSTEEL, the UAE’s largest publicly listed steel and building materials company, have announced the successful completion of a pilot project demonstrating the use of green hydrogen to produce green steel. The Abu Dhabi-based pilot project, the first-of-its-kind in the Middle East and …