Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and Zand Bank PJSC, the UAE’s first all-digital bank licenced by the UAE central bank, signed a memorandum of understanding (MoU) to support UAE SMEs and provide preferential banking services. The agreement will focus on providing preferential banking services including efficient bank account …

Abu Dhabi / WAM Tawazun Council, the independent government entity that works closely with the Ministry of Defence and security agencies to maximise value through acquisition systems, announced signing of 11 deals with local and international companies on day one of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2023, cumulatively worth AED4.5 billion. Zayed Saeed Al …

Dubai / WAM Dubai International Financial Centre (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 percent from 3,644 in 2021 to 4,377 in 2022. New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the centre’s history with 2022 seeing a …