The Asian Development Bank (ADB) committed $23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development.
Category: Economy
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GCAA grants operational approval for UAE’s first vertiport
The General Civil Aviation Authority (GCAA) has officially granted operational approval for the country's inaugural vertiport, which debuts at the DRIFTx event in Abu Dhabi.
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CBUAE enhances SupTech initiative as part of its Financial Infrastructure Transformation Programme
The Central Bank of the UAE (CBUAE) has partnered with Accenture to implement a range of transformative services for the CBUAE's Supervisory Technology (SupTech) initiative and the Enterprise Data Management (EDM) programme through the adoption of best-in-class digital solutions.
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UAE and Chile successfully conclude CEPA negotiations
The United Arab Emirates and the Republic of Chile have successfully concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) between the two friendly countries.
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‘Drake & Scull’ capital increase commences today
The subscription process for Drake & Scull International capital increase commenced today and will end on 10th May 2024, which is considered one of the final steps to complete the restructuring process.
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CBUAE enhances SupTech initiative as part of its Financial Infrastructure Transformation Programme
The Central Bank of the UAE (CBUAE) has partnered with Accenture to implement a range of transformative services for the CBUAE's Supervisory Technology (SupTech) initiative and the Enterprise Data Management (EDM) programme through the adoption of best-in-class digital solutions.
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Dubai to host 31st Annual Middle East Petroleum and Gas Conference 20-22 May
The 31st Annual Middle East Petroleum and Gas Conference (MPGC 2024), hosted by ENOC Group and organized by S&P Global Commodity Insights, will be held in Dubai from 20th to 22nd May, 2024. The conference features a line-up of leading speakers and industry experts, who will address global market dynamics under the event’s theme of ‘Evolving Core Energy Markets within a Sustainable Landscape’.
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Emirates Islamic reports record Q1 2024 profit of AED811 million
Emirates Islamic profit surged to a record AED811 million in the first quarter of 2024, up 35 percent year-on-year (YoY).
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Victor jet charter platform moves headquarters to Abu Dhabi
Victor, a leading global on-demand jet charter platform, announced the relocation of its headquarters to Erth Abu Dhabi, following the recent acquisition of Victor by Abu Dhabi Investment Group (ADIG), marking a significant milestone for business aviation in Abu Dhabi and the wider UAE.
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Ministry of Economy organises ‘National Forum for SMEs – Government Procurement’
The Ministry of Economy (MoEc) organised a forum titled “National Forum for SMEs - Government Procurement” to help Emirati entrepreneurs maximise their benefit from tenders and contracts offered by federal entities and local companies.