Company Insights Emirates Development Bank Banking & Finance Emirates Development Bank News Cop28 Clean energy investment may be hit by economic slowdown The global economic downturn could have serious implications on investment into clean energy and cause climate change targets to be pushed back, experts have warned. Elias Hajj, senior partner at McKinsey & Co, said during Abu Dhabi Sustainability Week that an estimated $6 trillion is needed annually to fund the transition to clean energy. But […] January 19, 2023 Analysis Manufacturing Abu Dhabi’s industrial strategy helps to lift GDP When US aerospace firm Triumph agreed to set up the Middle East’s first engine accessory repair and overhaul centre by 2024, it became the latest in a growing list of international companies attracted to Abu Dhabi. Supplement manufacturer Thorne, petrochemical services provider Elliot Group and biopharma firm OnePointOne are waiting in the wings as Abu […] November 28, 2022 Banking & Finance UAE approves $1.2bn loans for industrial development The state-run Emirates Development Bank (EDB) approved AED 4.4 billion ($1.20 billion) in loans during the first nine months of 2022, up 600 percent year-on-year (YoY), state-owned news agency WAM reported. The bank plays a pivotal role in supporting the country’s economic agenda by providing indirect and direct financing to startups, small and medium-sized enterprises […] October 19, 2022 UAE, Egypt and Jordan sign $10bn industrial power pact Abu Dhabi's ADQ to allocate $10 billion in investment for projects. Focus includes agriculture, pharmaceuticals, petrochemicals and textiles May 30, 2022 Posts navigation Previous 1 2
Cop28 Clean energy investment may be hit by economic slowdown The global economic downturn could have serious implications on investment into clean energy and cause climate change targets to be pushed back, experts have warned. Elias Hajj, senior partner at McKinsey & Co, said during Abu Dhabi Sustainability Week that an estimated $6 trillion is needed annually to fund the transition to clean energy. But […] January 19, 2023
Analysis Manufacturing Abu Dhabi’s industrial strategy helps to lift GDP When US aerospace firm Triumph agreed to set up the Middle East’s first engine accessory repair and overhaul centre by 2024, it became the latest in a growing list of international companies attracted to Abu Dhabi. Supplement manufacturer Thorne, petrochemical services provider Elliot Group and biopharma firm OnePointOne are waiting in the wings as Abu […] November 28, 2022
Banking & Finance UAE approves $1.2bn loans for industrial development The state-run Emirates Development Bank (EDB) approved AED 4.4 billion ($1.20 billion) in loans during the first nine months of 2022, up 600 percent year-on-year (YoY), state-owned news agency WAM reported. The bank plays a pivotal role in supporting the country’s economic agenda by providing indirect and direct financing to startups, small and medium-sized enterprises […] October 19, 2022
UAE, Egypt and Jordan sign $10bn industrial power pact Abu Dhabi's ADQ to allocate $10 billion in investment for projects. Focus includes agriculture, pharmaceuticals, petrochemicals and textiles May 30, 2022
