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EDB’s business banking app enables access to 500 UAE firms in 3 months

  ABU DHABI / WAM The Emirates Development Bank (EDB) has announced that its Business Banking App has supported more than 500 UAE-based SMEs and start-ups by opening accounts for them in less than 48 hours over the past three months, reinforcing its growing demand and the significance. Designed to support the SMEs operating within the UAE, the app offers ...

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Abu Dhabi firm to invest $75mn in Getty Images

ABU DHABI / WAM Abu Dhabi-listed tech-focused holding company Multiply Group (Multiply) has signed a binding commitment to invest $75 million in global visual content creator and marketplace Getty Images. With a broad portfolio that includes the Getty Images, iStock and Unsplash brands, the firm reaches and empowers a broad base of retained customers ranging from international enterprises to amateur ...

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UAE begins next 50 years with world records, strategic plans

  Abu Dhabi / WAM The drivers of the UAE’s economy in 2021 included five key pillars, which are the launch of an industrial strategy worth AED300 billion, the start of trading in Murban crude oil, the launch of the first projects of the “Projects of the 50”, Expo 2020 Dubai, and the announcement of President HH Sheikh Khalifa bin ...

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