ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...
- Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa,...
About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a...An independent survey of Middle East CEOs conducted by Price Waterhouse Coopers in 2020 revealed that 70 percent believe that a lack of digital skills is a threat to their business
A recent report by Korn Ferry, the US management consulting firm, predicts a global talent shortage of more than 85.2 million people by 2030
As demand has spiked, suppliers have not been able to keep up: Ships are lined up outside American ports waiting...The supply challenges on a global scale will be a key focus of meetings of the IMF and the Group of 20
IMF chief Kristalina Georgieva said the global economy faces a "particularly challenging
Saudi Arabia seeks to boost its economic output to reach $1.71 trillion, Saudi Investment Minister Khalid Al-Falih said on Wednesday.Al-Falih said Saudi Arabia plans to boost the investment rate to 30 percent as compared to the current 22 percent
The minister said this leap requires efforts to empower the private sector by providing an integrated investment environment
Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo...The IMF has said generalized energy subsidies benefit rich households who don't need the support
In addition, they are not friendly to the environment, and in fact they lead to very negative incentives
The Institute of International Finance (IIF) said that the UAE economy is rebounding from its deepest downturn in decades as...In September the UAE Central Bank had forecast the economy will grow 2.1 percent this year and 4.2 percent in 2022
the Institute of International Finance (IIF) said it expects the real GDP growth to pick up to 2.2 percent in 2021 and 4.9 percent in 2022
This will help the bank address major issues in export credit.The bank’s membership in the union represents a major milestone in its role as a facilitator
It is also said to be in line with the bank’s objective of boosting the export of national products through local and global partnerships
CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.Under the agreement, CBUAE and ADGM will enhance the collaboration under their co-sandbox program
This will enable FinTech companies to test their innovative solutions under the existing digital sandbox program
FAB is the first bank in the UAE and GCC to join the NZBA.The NZBA was launched in April by the United Nations Environment Program Finance Initiative
It aims to bring together banking institutions committed to aligning their lending and investment portfolios with net-zero carbon emissions by 2050
OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind...Banco Regional will on-lend from OFID’s loan to small and medium-sized enterprises pr SMEs, particularly agribusinesses
The loans are aimed at SMEs severely disrupted by economic slowdowns as a result of the Covid-19 pandemic
The deposits rose to AED1,928.7 billion at the end of August from AED1,915.1 billion at the end of July.The CBUAE attributed the rise in total bank deposits to a 0.6 percent increase in resident deposits
It also cited a 1.5 percent increase in non-resident deposits for the rise in total deposits
