Search Site

Trends banner

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

UAE gave foreign aid worth $3.5bn, says MoFAIC

FOR REPRESENTATION PURPOSE ONLY
  • The total value of foreign aid provided by the UAE from the start of 2021 to mid-August 2022 amounted to $3.5 billion
  • While Yemen accounted for most of Emirati aid with over $315 million, the list also included several Arab, Asian and Western countries

The UAE is providing sustainable humanitarian aid worldwide, underscoring its commitment to promote regional, global peace and prosperity.

As per data issued by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the total value of foreign aid provided by the UAE from the start of 2021 to mid-August 2022 amounted to some US$3.5 billion (AED13 billion).

While Yemen accounted for most of the Emirati foreign aid with over $315 million (AED1.160 billion), the list also included several Arab, Asian and Western countries, underscoring the comprehensive nature of Emirati projects and humanitarian programs around the world.

The data also showed that a wide range of sectors and programs benefited from the aid provided by the UAE, with public programs accounting for the largest share with over $1.2 billion (AED4.547 billion), followed by the health sector with over $698 million (AED2.565 billion).

Programs aimed at providing various commodities with over $541 million (AED1.989 billion), social services with over $357 million (AED1.314 billion), and education with nearly $148 million (AED547 million).

The transport and storage sectors also received aid worth over $112 million (AED414 million), programs aimed at supporting peace and security received over $74 million (AED273 million), the water and public health services sectors received $72 million (AED268 million), government and civil society initiatives received nearly $60 million (AED224 million).

Services that support the energy sector received $57 million (AED212 million), and initiatives aimed at supporting the agriculture sector received over $50 million (AED184 million).

The UAE has become a model of sustainable relief and humanitarian work, by replacing conventional relief operations with development projects that benefit communities, such as construction of houses, schools, roads and power stations and dig wells.

The country has implemented a clear methodology that does not discriminate based on political orientation.