Abu Dhabi / WAM The central bank announced that the money supply aggregate M1 increased by 0.5%, from AED719.4 billion at the end of August to AED723.0 billion at the end of September. The money supply aggregate M2 increased by 1.1%, from AED1,627.7 billion at the end of August to AED1,645.6 billion at the end of September. The money ...

  Abu Dhabi / WAM Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the nation, and Abu Dhabi Commercial Bank PJSC (ADCB) have announced the signing of a memorandum of understanding (MoU) to boost financial inclusion of small-to-medium sized enterprises (SMEs) through a joint credit guarantee scheme. The partnership will enable SMEs ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Monday announced its startup community has raised $1 billion in venture capital collectively since its launch in 2019. The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies each with a proven track record of attracting large-scale investment from leading venture ...