Recent Posts

Money supply aggregate M1 down 1.9 percent

ABU DHABI / WAM The Central Bank announced that the money supply aggregate M1 decreased by 1.9 percent, from AED507.1 billion at the end of June 2017 to AED 497.5 billion at the end of July 2017. The money supply aggregate M2 decreased by 0.2 percent, from AED1267.1 billion at the end of June 2017 to AED1264.4 billion at the ...

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Industrial Development Bureau takes stock of AED2.5bn factories

ABU DHABI / WAM Officials from the Industrial Development Bureau of the Department of Economic Development, visited three new factories in the Emirate of Abu Dhabi, which started their operation in 2017 with a total investment value of AED2.471 billion. The first company was Taweelah Aluminium Extrusion Company LLC (TALEX) which specialises in the field of metal coating as well ...

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Mohamed commits $5mn to ‘Gavi’

GENEVA / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has committed $5 million to Gavi, the Vaccine Alliance, to support its Innovation for Uptake, Scale and Equity in Immunisation (INFUSE) initiative. His Highness Sheikh Mohamed bin Zayed has provided $33 million for the work ...

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