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Abu Dhabi / WAM Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Fund for Development (ADFD). As part of this MoU, EDB will provide innovative financing and banking solutions, credit guarantees and joint lending for the beneficiaries of ADFD’s programmes ...

Abu Dhabi / Emirates Business Sanad, the global aerospace engineering and leasing solutions leader wholly-owned by Mubadala Investment Company PJSC (Mubadala), signed a memorandum of understanding (MoU) to collaborate with Next50, a joint venture between ADQ and G42, to develop technology-driven services solutions for the industrial services sector. The agreement was signed by Sanad Deputy Group CEO, Mansoor Janahi and ...

Abu Dhabi / WAM The Federal Authority for Identity, Citizenship, Customs and Port Security, and the National Emergency Crisis and Disasters Management Authority have updated the entry procedures through land borders for the citizens of neighbouring countries and those living in border areas, who are repeatedly entering and leaving the UAE. According to the updated procedures, all Gulf Cooperation Council ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has organised two car auctions at Al Mafraq vehicle impound during November, where 274 cars of different types were sold at competitive prices ranging from AED2,000 to AED175,000. The two auctions recorded a great attendance with the participation of 850 bidders, with the first auction attracting 470 bidders and 380 ...

OUAGADOUGOU / WAM Dr Fahad Obaid Mohammed Al Taffaq, UAE Ambassador to Nigeria and Non-Resident ambassador to Burkina Faso, has met with Burkina Faso’s ministers of Foreign Affairs and Economy, Finance and Development, several officials, and business people. He discussed relations between the two countries and ways to boost them. Al Taffaq met with Alpha Barry, Minister of Foreign Affairs, ...

Dubai / Emirates Business DP World, the leading smart trade enabler bagged The Terminal Operator of the Year and The Technology/Innovations awards at the eighth annual Maritime Standard Awards. Held on November 22, under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman Emirates Airline and Group, the award ceremony witnessed ...

Dubai / WAM The 5th edition of the decoration, design and building materials exhibition ‘DecoBuild 2021’ kicks off on Wednesday at the Dubai World Trade Centre and continue until November 27. The four-day event is organised by the Mohammed Bin Rashid Housing Establishment (MRHE) with the participation of more than 80 exhibitors from government institutions, private sector companies, as well ...

Lobbyists for Samsung Electronics Co pulled off a fabulous deal. Taylor, Texas won the right to host the South Korean giant’s latest semiconductor factory, Bloomberg News reported on Tuesday. Locations in Phoenix and Upstate New York also vied to host the new plant. Phoenix recently enjoyed its own economic victory, besting Oregon as the site of Taiwan Semiconductor Manufacturing Co’s ...

To snag some of this year’s Black Friday deals, a car won’t do you much good — try an ocean liner. Plenty of would-be holiday gifts are still at sea, caught up in a mess of global shipping delays. But shoppers who can’t find what they’re looking for this week may have another savings event to look forward to. Call ...

After a long time, the balance of power in the world of money is shifting. Amazon.com Inc’s decision to stop accepting purchases made with Visa Inc’s UK-issued credit cards from next year shows that Big Tech is flexing its muscles against established financial networks. Some policy makers must already be thinking, “This is why we need sovereign digital cash — ...