ABU DHABI / WAM The central bank of the UAE (CBUAE) and the Bank of Korea (BOK) on Wednesday renewed the Bilateral Local Currency Swap Agreement, reaffirming their commitment to promote trade and financial cooperation. The agreement was signed by Khaled Mohamed Balama, CBUAE governor, and Juyeol Lee, governor of the Bank of Korea. The agreement, which was originally ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced a donation of AED10 million to contribute to the “1 Billion Meals” initiative, to assist and provide sustainable food support to the underprivileged and most needy groups in 50 countries in the Middle East, North Africa and the world – in particular children, refugees, displaced persons, and victims ...

  Dubai / WAM Emirates Islamic Bank has launched the ‘Emarati Business Account’ initiative, designed specifically to support the UAE’s national companies. The new account builds on the bank’s ongoing commitment towards supporting the UAE’s SME sector, which represent 94 percent of the total companies and institutions operating in the country and contribute more than 50 percent to the country’s ...