August, 2022

• 19 August

  UAE’s total foreign aid reaches AED13 billion

  

    Abu Dhabi / WAM The UAE is continuing to provide sustainable humanitarian giving, underscoring its commitment to promoting regional and global peace and prosperity, by offering development, humanitarian and charitable support worldwide. According to new data issued by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the total value of foreign aid provided by the UAE from the ...

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• 19 August

  Arab economies to see 5.4% growth this year

  

  Abu Dhabi / WAM The expected economic growth rate for the Arab countries will rise to 5.4 percent in 2022 due to rising oil prices, the increase in production in Arab oil-exporting countries, and the continuation of reforms that promote growth, according to the Seventeenth Edition of the Arab Economic Outlook Report (AEOR), released by the Arab Monetary Fund (AMF) ...

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• 19 August

  Borouge products used at Barakah Plant support UAE clean energy shift

  

    Abu Dhabi / WAM Borouge has contributed to the safe and reliable infrastructure of the Barakah Nuclear Energy Plant, through its ‘Made In UAE’ polyolefin solutions, according to the company’s CEO, Hazeem Sultan Al Suwaidi. In a statement to the Emirates News Agency (WAM), Al Suwaidi stated that the polymer grade from Borouge is the first in its class ...

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• 19 August

  UAE unveils new incentives for Emirati SMEs

    Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation issued the Ministerial Resolution No. 251 of 2022 regarding supporting Emirati small and medium-sized enterprises (SMEs) with new incentives. The enterprises that will benefit from the new incentives have to be members of accredited funds/programmes that support SMEs in the UAE. The new incentives include classifying up to ...

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• 19 August

  Mubadala-backed G42 sets up $10bn technology growth fund

  

  Abu Dhabi / WAM G42, the leading UAE-based AI and cloud computing technology company, on Thursday launched the $10 billion G42 Expansion Fund, a global technology growth fund formed in strategic partnership with Abu Dhabi Growth Fund (ADG). The fund, which will be managed by a subsidiary of G42, is focused on accelerating the pace of global innovation by investing ...

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• 19 August

  Etihad Rail welcomes its new state-of-the-art fleet of trains

  

    Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE National Rail Network, has achieved a new milestone in the development of the National Rail Network, with the arrival of first batches of the company’s new and advanced rolling stock fleet. The locomotives and wagons, which reached the UAE via Zayed and Al Musaffah Ports, will ...

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• 19 August

  UAE is a reliable supplier of least carbon-intensive oil, gas

  

    Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and group CEO of the Abu Dhabi National Oil Company (Adnoc), and the UAE’s special envoy for climate change, has said that record growth in renewables, representing over 80% of all new power-generating capacity last year, is the clearest sign ...

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• 19 August

  Over 13.6mn people benefitted from Suqia projects in 37 nations

  

    Dubai / WAM More than 13.6 million people have benefitted from UAE Water Foundation (Suqia) projects in 37 countries by the end of 2021, Saeed Mohammed Al Tayer, Chairman of the Board of Trustees at Suqia UAE, stated ahead of the World Humanitarian Day 2022. Al Tayer stated, “At the UAE Water Foundation (Suqia), under the umbrella of the ...

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• 19 August

  Ajman, Mexico discuss ways to boost economic cooperation

    AJMAN / WAM Salem Al-Suwaidi, Director-General of the Ajman Chamber of Commerce and Industry (ACCI), received Luis Alfonso de Alba Góngora, Ambassador of Mexico to the UAE, to discuss economic cooperation and explore trade and investment opportunities between the two countries. Attended by Mohamed Ali Al Janahi, Executive Director of the Trade Development and International Relations at the ACCI, ...

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• 19 August

  EPG, DIFC FinTech Hive partner to promote technology innovation

  

    DUBAI / WAM Emirates Post Group (EPG) has signed a sponsorship agreement with FinTech Hive – the first and largest financial technology hub in the region and part of the Dubai International Financial Centre (DIFC) – to promote the first sprint this year of its FinTech accelerator programme, ‘HIVE 22.’ The agreement, signed by Abdulla Mohammed Alashram, Group CEO ...

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