Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED10.4 billion, bringing its cumulative contribution to the nation’s industrial GDP impact to AED4.9 billion.
DEWA becomes first utility to launch its smart app on Apple Vision Pro
Dubai Electricity and Water Authority (DEWA) has launched its smart app on Apple Vision Pro glasses, becoming the first utility to provide its services through this technology that combines augmented and virtual reality.
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Gross banks’ assets increased to over AED4.1 trillion at end of January 2024: CBUAE
The gross banks’ assets, including bankers’ acceptances, increased by 0.8 percent, from AED 4,075.2 billion at the end of December 2023 to AED 4,109.1 billion at the end of January 2024, according to the Central Bank of the UAE (CBUAE).
Dubai Autism Centre launches its 18th awareness campaign
Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the Dubai Autism Centre launched its 18th one-month-long Autism Awareness Campaign coinciding with World Autism Awareness Day celebrated on 2 April, under the slogan “Trusting Parents, Empowered Kids”.
DCT Abu Dhabi forges strategic alliances during debut at Moscow’s International Travel and Hospitality Show
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) made its inaugural appearance at the 30th International Travel and Hospitality Show (MITT) in Moscow, held from 19th to 21st March. Winning the ‘Outstanding Debut Award’, the Abu Dhabi stand took centre stage in the main hall, with the DCT Abu Dhabi International Operations Department and a delegation of 10 stakeholders spotlighting the emirate’s wide array of attractions and offerings.
UAE Team Emirates’ Politt lands third at Tour of Flanders
The race, which started from Antwerp and finished under the rain in Oudenaarde (270.8 km) was dominated by Mathieu Van der Poel (Alpecin-Deceuninck): the World Champion jumped on the leading duo of Pedersen (Lidl-Treck) and Vermeersch (Alpecin-Deceuninck) on the Oude Kwaremont at 56 km to go, then a group of 20 riders took the lead of the race before Van der Poel pushed hard on the Koppenberg at -45 km.
ADX witnesses three direct deals on Abu Dhabi Hotels worth about AED135.7 million
The Abu Dhabi Securities Exchange (ADX) saw three large direct deals executed on the stock of Abu Dhabi National Hotels Company today.
Emirates Awarded certified Autism Centre Designation for all check-in facilities in Dubai
Emirates has earned the Certified Autism Center Designation for all its Dubai Check-In facilities, including Emirates City Check-in and Travel Store in DIFC, Emirates Cruise Check-In at Port Rashid and Dubai Harbour, Emirates City Check-In in Ajman, and the dedicated hub in Terminal 3 at Dubai International Airport (DXB). This achievement aligns with Dubai's commitment to accessible travel and coincides with World Autism Awareness Day on 2nd April.
ENBD Capital arranges Lenovo Group’s debut $500 million Middle East RCF
Emirates NBD Capital, the investment banking arm of Emirates NBD, has successfully arranged a US$500 million Syndicated Revolving Credit Facility (RCF) for Lenovo Group Limited. The facility represents Lenovo's first entry into the Middle East Syndicate Loan Market and is aimed at supporting the technology leader's corporate and operational financing needs.
Gross written premium increased by 12.7% in Q4 2023 to AED53.2 billion: CBUAE
The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in the gross written premiums. As of year-end, the number of licenced insurance companies in the UAE remained at 60, the CBUAE announced in its quarterly economic report Q4, 2023.