ABU DHABI, The Central Bank of the United Arab Emirates (CBUAE) has revised up its projections for the country’s real Gross Domestic Product (GDP) growth, which is expected to reach 4.2 percent in 2023, compared with its previous forecast of 3.3 percen…
Day: June 8, 2022
Financial access is key driver to economic recovery, EDB CEO says
DUBAI, Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB), has called on the local and regional banking community to increase access to corporate finance and accelerate the UAE’s economic recovery.Speaking on the opening…
ADQ, Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100 million tech fund
ABU DHABI, ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a $100 million technology-focused venture capital fund (the Fund) with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan, in the prese…
ADIO’s Innovation Programme brings ANSR and Talent500 to Abu Dhabi to shape future of work
ABU DHABI, The Abu Dhabi Investment Office (ADIO) announced Wednesday individual partnerships with ANSR and Talent500 as part of its AED2 billion (US$545 million) Innovation Programme to drive innovation in high-growth areas of the economy. Under the a…
DEWA builds 3 water reservoirs worth AED550 million to enhance water security in Dubai
DUBAI, Dubai Electricity and Water Authority (DEWA) is increasing the storage capacity of desalinated water in Dubai to enhance water security. DEWA is building three water reservoirs in different parts of Dubai.The water reservoirs will include one in…
Emirates Literature Foundation’s search for young writers is on
DUBAI, The Emirates Literature Foundation’s search for the nation’s best young story writers has begun, with the launch of its annual creative writing competition for students, the Story Writing Competition.A fixture on the academic calendar, the compe…
UAE Research Programme for Rain Enhancement Science hosts two-day solicitation workshop
ABU DHABI, The National Centre of Meteorology (NCM), through the UAE Research Programme for Rain Enhancement Science, hosted a solicitation workshop to discuss research pathways and set guidelines for proposals for the programme’s 5th Cycle in 2023.The…
UAE announces 867 new COVID-19 cases, 637 recoveries, no deaths in last 24 hours
ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 279,163 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.In a statement, the Ministry stressed its aim to continue ex…