استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
MoIAT secures over Dhs40b in bank tie-ups to drive industrial innovation
May 21, 2025
|Gulf Today
The MoUs are intended to stimulate investments in industry and advanced technology, offer tailored financing for SMEs and strengthen strategic public-private partnerships
-
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, witnessed the signing of five Memoranda of Understanding (MoUs) between the ministry and a group of leading national banks: First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and WIO Bank. These agreements provide competitive financing solutions exceeding Dhs40 billion to support the development and expansion of the UAE's industrial sector.
The MoUs are intended to stimulate investments in industry and advanced technology, offer tailored financing for small and medium-sized enterprises (SMEs), and strengthen strategic public-private partnerships. This initiative supports the UAE's broader objectives for industrial growth and sustainable economic development.
Omar Al Suwaidi, Undersecretary of Ministry of Industry and Advanced Technology (MolAT), represented the ministry. Signatories from the partner banks included Fahad Al Shaer, CEO of First Abu Dhabi Islamic Finance, Abdullah Al Shamsi, ADCB's Group Chief Business Officer Ala'a Eraiqat, Group CEO of Abu Dhabi Commercial Bank Group; Mohammed Abdelbary, Group CEO of Abu Dhabi Islamic Bank; Hisham Al Qassim, Vice Chairman and Managing Director. of Emirates NBD Group; and Jayesh Patel, CEO of WIO Bank.
These partnerships underscore MolAT’s commitment to enabling financial access and innovation within the industrial sector. The initiative is designed to foster entrepreneurship, encourage the adoption of advanced technologies, and support the expansion of industrial enterprises across the UAE.
هذه القصة من طبعة May 21, 2025 من Gulf Today.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Gulf Today
Gulf Today
Al Nasr down Al Dhafra as Dibba salvage draw against Al Wahda
Al Nasr secured a confident victory on Friday, defeating Al Dhafra 2-0 in Matchweek 8 of the Adnoc Pro League after a dominant first-half display at Al Maktoum Stadium.
2 mins
November 22, 2025
Gulf Today
Initiatives to strengthen Dubai's private-sector competitiveness
Dubai Chamber of Commerce (DCC's), one of the three chambers operating under the umbrella of Dubai Chambers, recently hosted the fourth quarterly meeting of Business Groups and Business Councils for 2025.
3 mins
November 22, 2025
Gulf Today
G+D marks 25 years of operations in UAE
Giesecke+Devrient (G+D), the global security tech company headquartered in Munich, is celebrating 25 years of operations in the United Arab Emirates, marking a major milestone in its partnership with the region's governments, central banks, and enterprises.
1 min
November 22, 2025
Gulf Today
50-year mortgages won’t fix the affordability crisis
Bill Pulte, director of the Federal Housing Finance Agency, recently floated the idea of offering people a 50-year mortgage instead of the more conventional 30-year financing option. it sounds attractive at first because stretching out repaying of a mortgage would lower the borrower's monthly payment, but this wouldn't fix the homeownership affordability crisis.
2 mins
November 22, 2025
Gulf Today
HC quashes vigilance court order against ADGP
In a significant relief to both the Left Democratic Front (LDF) government and senior IPS officer MR Ajith Kumar, the Kerala High Court (HC) on Friday set aside a Special Vigilance Court order that had cancelled the clean chit earlier granted to the Additional Director General of Police (ADGP) in a disproportionate assets case.
1 mins
November 22, 2025
Gulf Today
UAE ranked third largest donor of aid globally
The United Arab Emirates has been ranked third largest donor of humanitarian aid globally for 2025, according to data published by the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) through its Financial Tracking Service (FTS).
1 mins
November 22, 2025
Gulf Today
Second edition of Nafis Forum concludes
The Emirati Talent Competitiveness Council (ETCC) has successfully concluded the second edition of the annual Nafis Forum. Held at the Dubai Exhibition Centre in Expo City, the event offered an interactive platform to foster collaboration, innovation, and exchange of best practices in Emiratisation.
1 min
November 22, 2025
Gulf Today
UAE, EU boost cooperation on sustainable aviation fuels
The European Union and the United Arab Emirates jointly convened a high-level session on Sustainable Aviation Fuels (SAF) as part of the Dubai Airshow 2025 Sustainability Programme, highlighting the growing momentum for international cooperation on decarbonising the aviation sector.
1 min
November 22, 2025
Gulf Today
European leaders reassure Ukraine of continued support
The leaders of Germany, France and the United Kingdom spoke by phone on Friday with Ukrainian President Volodymyr Zelensky, assuring him of their continued support amid the war with Russia as European officials scrambled to respond to US peace proposals that apparently caught them unawares.
2 mins
November 22, 2025
Gulf Today
Citywide celebrations unveiled to mark Eid Al Etihad in Dubai
This 54th Eid Al Etihad, Dubai is transforming the long weekend into a citywide celebration of unforgettable moments for families and friends from Dec.l to 3.
2 mins
November 22, 2025
Listen
Translate
Change font size