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The new entity will assume the responsibilities of the Social Care and Minors Affairs Foundation

The Abu Dhabi Vision 2030 is the key motivator for Al Dahra Holding to invest abroad and build efficient agri-food supply chains.

"He also worked to remove many of the obstacles that were facing the banking sector, during the crisis period," Sheikh Mansour added. Liquidity in the UAE’s banking system returned to pre-Covid-19 levels and banks have substantially reduced their use of the Targeted Economic Support Scheme (Tess), – the Dh50 billion ($13.61bn) zero-cost funding programme set up one year ago to help lenders maintain funding flows through the economy – the central bank said last month. The amount lenders are drawing down from Tess declined to Dh22bn, half of the maximum drawdown of about Dh44bn reached in...

UAE replaces central bank governor after one year in role 04/07/2021 | 05:57am EDT Send by mail : Message : Required fields DUBAI, April 7 (Reuters) - United Arab Emirates President Sheikh Khalifa bin Zayed has appointed Khalid al-Tameemi as governor of the UAE's central bank, state news agency WAM said, citing a decree issued on Wednesday. Tameemi, who was appointed central bank vice governor in February, will be replacing Abdulhamid Saeed. Saeed, who was appointed governor a year ago, has decided to retire, WAM said. WAM said Sheikh Mansour bin Zayed, deputy prime minister, praised Saeed's ...

2 Min Read (Reuters) - Major stock markets in the Gulf ended mixed on Wednesday, with the Abu Dhabi index ending its run of gains, while Saudi Arabia was lifted by its financial shares. FILE PHOTO: An Investor looks at the screen at the Dubai International Financial Market in Dubai, United Arab Emirates March 9, 2020. REUTERS/Satish Kumar The Saudi benchmark index rose 0.3%, helped by a 5.7% gain in Banque Saudi Fransi and a 3.3% increase in Dr Sulaiman Al-Habib Medical Services. However, petrochemical firm Saudi Basic Industries Corp (SABIC) eased 0.3%. SABIC has selected HSBC and Morgan Sta...