ABU DHABI / WAM Israel-UAE bilateral trade has reached over AED2.48 billion ($675.22 million), within ten months of signing the Abraham Accords in September 2020, according to Israel’s top diplomat. In an exclusive interview with Emirates News Agency (WAM), Israel’s Foreign Minister Yair Lapid said, “It is estimated that the bilateral trade potential will multiply many times over in the ...

ABU DHABI / WAM Bpifrance, the French national investment bank, and Mubadala Investment Company (Mubadala) announced the signing of a Memorandum of Understanding (MoU) to launch a new co-investment partnership dedicated to African private equity. The two companies will aim to deploy up to EUR 350 million through fund and direct investments in private equity and venture capital, with a ...

ABU DHABI / Emirates Business Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memoradum of Understanding (MoU) with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, on Credit Guarantee and Co-lending programs for SMEs in the ...