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ADFD awards Dhs53m in financing to Bloom for knowledge economy

ADFD awards Dhs53m in financing to Bloom for knowledge economy
11 Feb 2021
Picture used for illustrative purpose.
The Abu Dhabi Fund for Development (ADFD) has extended Dhs53 million in financing on preferential terms to Bloom Education, making the company one of the first beneficiaries of the Fund’s Dhs1 billion initiative launched last year.
The drive was aimed at helping national companies operating in vital economic sectors.
The agreement was signed by Mohamed Saif Al Suwaidi, Director-General of ADFD; and Dr Rashid Khalfan Bin Amer Althakhri, member of the Board of Governors of Brighton College in the UAE, which are operated by Bloom Education, in the presence of Khalifa Al Qubaisi, Deputy Director General of ADFD, as well as other officials representing both sides. ....

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Emirates News Agency - ADFD, Turkmenistan to enhance economic, development cooperation

ADFD, Turkmenistan to enhance economic, development cooperation
ABU DHABI, 3rd February, 2021 (WAM) Abu Dhabi Fund for Development (ADFD) today signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries.
The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 million (US$100 million), whereby investment opportunities and development projects are to be presented for ADFD’s considerations.
In the initial stage, ADFD and Turkmenistan will contribute AED58.7 million (US$16 million) for investment in vital sectors such as energy, agriculture, tourism and industry. This amount will be shared equally by the two parties. According to the agreement, the Turkmen government will present project proposals to ADFD for financing, after which the Fund will ta ....

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Turkmenistan – UAE: Ties of Friendship, Brotherhood and Constructive Cooperation

Politics
Published
04.02.2021
2051
On instructions from President Gurbanguly Berdimuhamedov, a Turkmen delegation led by the Deputy Foreign Minister of Turkmenistan paid a working visit to the United Arab Emirates on February 2-4, 2021.
A series of constructive meetings were held with the leaders of the Government of the United Arab Emirates and the International Renewable Energy Agency (IRENA).
On February 2, the Deputy Foreign Minister met with Deputy Prime Minister and Minister of Presidential Affairs of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan, and Director General of the Abu Dhabi Fund for Development Mohammed Saif Al Suwaidi to discuss a wide range of issues of mutual interest with the objective of strengthening the cooperation between th ....

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ADFD, Turkmenistan ink economic, development coop deal

ADFD, Turkmenistan ink economic, development coop deal
ABU DHABI, February 3, 2021
Abu Dhabi Fund for Development (ADFD) has signed three MoUs with Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit the economies of both countries.

The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 million ($100 million), whereby investment opportunities and development projects are to be presented for ADFD’s considerations, said the statement from ADFD.

In the initial stage, ADFD and Turkmenistan will contribute AED58.7 million ($16 million) for investment in vital sectors such as energy, agriculture, tourism and industry. This amount will be shared equally by the two parties. ....

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ADFD, Turkmenistan To Enhance Economic, Development Cooperation

ADFD, Turkmenistan to enhance economic, development cooperation
Wed 03rd February 2021 | 05:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 03rd Feb, 2021) Abu Dhabi Fund for Development (ADFD) today signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries.
The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 million (US$100 million), whereby investment opportunities and development projects are to be presented for ADFDâs considerations.
In the initial stage, ADFD and Turkmenistan will contribute AED58.7 million (US$16 million) for investment in vital sectors such as energy, agriculture, tourism and industry. This amount will be shared equally by the two parties. According to the agreement, the Turkmen government will pr ....

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