ABU DHABI / WAM The Zayed Humanitarian Legacy Initiative will allocate AED20 billion (US$5.45 billion) over 10 years in support of institutions and projects working to deliver aid, address inequality, and advance sustainable development solutions, the International Humanitarian and Philanthropy Council said today. The Council, chaired by H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the …

ABU DHABI / WAM The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). This represents an annual increase of AED58.2 billion, or 13.3%, from AED438.6 billion in January 2023. On a monthly basis, …

ABU DHABI / WAM The Joint Operations Command of the Ministry of Defence announced the implementation of the 25th airdrop of humanitarian and relief aid as part of the “Birds of Goodness” operation. Two C17 aircraft belonging to the UAE Air Force and two C295 aircraft belonging to the Egyptian Air Force participated in the airdrop operation. The airdrop was …