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UAE Government Accelerators exceed all expectations in 2nd round

DUBAI / WAM The UAE Government Accelerators programme exceeded all expectations in the second round, addressing challenges and working towards services that directly affect people’s everyday lives. The eight teams in the programme have exceeded their stated goals, without committing to the use of additional resources, according to an official handout. Six teams successfully achieved their stated targets as far ...

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UAE to provide $30mn financial support to UN

New York / WAM The UAE has announced its intention to make two financial donations to the United Nations; US$15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), to help in its basic programmes for Palestinian refugees, and another $15 million will be allocated to support UN Women over the next ...

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Central bank withdrew AED3.1bn surplus liquidity

Abu Dhabi / WAM The UAE central bank withdrew AED3.1 billion in excess liquidity during August, bringing the total withdrawals to AED11.3 billion in two months. The apex bank said the move is part of its continuing efforts to manage excess liquidity in the banking system. The UAE central bank withdrew AED8.2 billion of excess liquidity during July, which resulted ...

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