Emirates Development News Today

UAE’s National In-Country Value (ICV) Programme, which heralds a new phase of the countrys industrial development, has seen a significant spending increase on local products and services with expenditure reaching AED67 billion ($18.23bn), a 26% increase.

UAE’s National In-Country Value (ICV) Programme, which is being

Food security is one of the five priority sectors that EDB supports to contribute to the country’s national development and diversification strategy.

For many mortgage takers, rents from properties no longer cover their EMIs

EDB said the MoU will see the creation of a working group to discuss new ways of delivering supply chain financing to SMEs in the UAE.

Ducab launches Blade to redefine the standards of industrial excellence and lay the foundation for the future of the GCC manufacturing sector

The Emirates Development Bank programme is targetted at farmers, local producers, technology providers, equipment suppliers, and those involved in the agriculture support ecosystem

Organised in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi National Oil Company (ADNOC), the second edition of the forum was held from 31st May to 1st June and built on the successes of the inaugural edition in 2022

The industrial sector's contribution to the UAE's GDP increased from $35.9 billion in 2020 to $49.5 billion in 2022, representing 38 percent growth. Minister of Industry and Advanced Technology Sultan Al Jaber said that the national strategy for industry and advanced technology was launched in 2021, contributing to essential achievements in the industrial and technological sectors, especially in 2022. UAE's industrial exports reached $47.6 billion in 2022, compared to $31.8 billio...

EDB’s financing deals come as part of its mandate to approve Dhs30bn in funding support to companies in the UAE within five key focus sectors