DUBAI / WAM The Marine Agency for Wooden Dhows has facilitated the entry of about 3,000 wooden ships during the first quarter of 2024, transporting over 390,000 metric tonnes of various materials and food items through Al Hamriya Port, Deira Wharfage and Dubai Creek. The accomplishment reflects the comprehensive efforts of the Ports, Customs and Free Zone Corporation (PCFC) to …

ABU DHABI / WAM Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED10.4 billion, bringing its cumulative contribution to the nation’s industrial GDP impact to AED4.9 billion. The milestone results were presented at a …

ABU DHABI / WAM Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around AED25 billion to reach AED270.48 billion at the end of January 2024, compared to about AED245.54 billion in January 2023, with an annual growth of 10.2 percent, according to the latest statistics from the Central Bank of the UAE (CBUAE). The local currency, the …