ABU DHABI / WAM The value of subsidy and social privileges and benefits provided by the Federal Government during the first nine months of 2017 amounted to AED38.4 billion against AED34 billion during the corresponding period in 2016, according to the Ministry of Finance data. These include price subsidies, social benefits and other privileges provided to UAE nationals, including plots ...

ABU DHABI / WAM Lending by UAE banks for industrial and business operations amounted to AED7.4 billion during the first two months of the year, a growth of 1 percent over the end of last year, bringing to AED755 billion the cumulative balance of funding provided to industrial and business activities. The gross credit lent to the industrial and business ...

DUBAI / AGENCIES 500 Startups, a Silicon Valley venture fund with a track record of investing in young companies, said on Tuesday Abu Dhabi Financial Group (ADFG) had acquired a strategic stake in the firm. Through this investment, ADFG will hold a strategic stake and will be injecting substantial capital to accelerate the growth of 500’s key initiatives, expand into ...