Emirates Development Bank

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Emirates Development Bank and Ajman Bank Partner to Drive SME Financing and Innovation in UAE

News Desk 1 25/11/2024 0

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, and Ajman Bank, one of the leading Islamic financial institutions in the UAE, have renewed their strategic agreement offering innovative

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Emirates Development Bank Reinforces Commitment to Supporting UAE’s Food Production at Gulfood Manufacturing 2024

News Desk 1 11/11/2024 0

Emirates Development Bank (‘EDB’ or ‘the Bank’), the key financial engine of UAE economic development and industrial advancement, has successfully concluded its participation at the 10th Edition of Gulfood Manufacturing 2024, showcasing its strategic focus on driving national food security as well as its commitment to empowering local food manufacturers. EDB highlighted

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Emirates Development Bank and Commercial Bank International Empower SMEs

News Desk 1 08/11/2024 0

In a move to significantly boost financial inclusion and empower SMEs, Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, has partnered with Commercial Bank International (CBI), a leading UAE bank, for a joint credit guarantee program. This strategic partnership

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Emirates Development Bank Continues Bridging Financing Gaps to Strengthen UAE’s Food Security Efforts

News Desk 1 04/10/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of the UAE’s economic development and industrial advancement, has successfully concluded its participation in the sixth annual Future Food Forum, underscoring its commitment to bridging the financing gaps for local food producers and agriculture businesses. EDB is actively

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Emirates Development Bank and Abu Dhabi Islamic Bank Announce Strategic Partnership

News Desk 1 30/09/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, and Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, today signed a strategic partnership to support small and medium enterprises (SMEs) in the UAE through a joint finance guarantee scheme.

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Emirates Development Bank to Champion Sustainable Food Security Solutions at Gulfood Green & Agrotech 2024

News Desk 1 27/09/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, reaffirmed its dedication to strengthening national food security at Gulfood Green & Agrotech 2024. The event, which took place at the Dubai World Trade Centre from September 24th to 26th, provided a platform

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Emirates Development Bank Underlines Commitment to Financing National Development

News Desk 1 24/09/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, highlighted its unique perspective on financing national development, SME resilience and the evolving treasury landscape at the ACT Middle East Treasury Summit 2024, concluding today in Dubai. The financing market

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Emirates Development Bank Underscores Commitment to Sharjah’s Economic Growth at SIF 2024

News Desk 1 19/09/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, underlined its commitment to shaping a vibrant and resilient economy in Sharjah at the seventh edition of the Sharjah Investment Forum (SIF 2024), organized by the Sharjah FDI Office (Invest in Sharjah). As the

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Emirates Development Bank Launches AI Wave Program to Embed AI Across the Organization

News Desk 1 08/09/2024

Emirates Development Bank (“EDB”), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave program, a strategic initiative designed to enhance organization-wide AI literacy and adoption. In alignment with the UAE’s Artificial Intelligence Strategy 2031, the program aims to support the UAE’s

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Emirates Development Bank  and Commercial Bank of Dubai Forge Strategic Partnership to Facilitate International Trade

News Desk 2 14/06/2024

Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, and Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, have formally announced a strategic partnership aimed at enhancing international trade services. This collaboration will combine EDB’s extensive client base and robust financial

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Emirates Development Bank Showcases Commitment to Supporting Private Sector Companies with Comprehensive Financing Solutions

News Desk 2 05/06/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, is participating as Gold Sponsor at the Bonds, Loans, and Sukuk Middle East 2024 conference. This participation highlights EDB’s dedicated support for businesses of all sizes through innovative financing solutions. Recognized as the

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Emirates Development Bank is the Highest Rated Bank in the UAE and MENA Region S&P Global raises EDB credit rating to ‘AA’

News Desk 2 03/06/2024

S&P Global raised its long-term issuer credit rating on Emirates Development Bank (“EDB” or “the Bank”),  to AA from AA-, with the outlook remaining ‘Stable’. Being the highest credit rating given to a financial institution in the UAE and across the MENA region, the upgraded rating from S&P places EDB with the highest rating among […]

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Emirates Development Bank reaffirms commitment to industrial advancement at third edition of Make it in the Emirates Forum

News Desk 2 20/05/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, has announced its participation at the third edition of Make it in the Emirates Forum as Diamond Sponsor, reaffirming its commitment to advancing the UAE’s manufacturing sector. Organized by the Ministry of

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EDB receives prestigious recognition for regional leadership in digital innovation and transaction services

News Desk 2 17/05/2024

Emirates Development Bank (“EDB” or “the Bank”) continues to solidify its position as a regional leader that delivers innovative digital offerings and tech-forward transaction banking solutions, giving customers the best possible experiences while enabling efficient and safe cross-border business operations. EDB has been named The Digital Innovator

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Emirates Development Bank Launches Cash Management Solutions

News Desk 2 14/05/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, today announced the launch of ‘EDB Smart Connect’, an innovative cash management platform that will deliver a seamless omnichannel experience for the Bank’s clients across the UAE. The platform provides a smart,

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EDB, Sheraa and SCCI unveil first-of-its-kind Center of Excellence

News Desk 2 01/05/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, together with Sharjah Entrepreneurship Center (Sheraa) and Sharjah Chamber of Commerce and Industry (SCCI) announced today the launch of Sheraa’s Center of Excellence (CoE) for Advanced Manufacturing and Consumer Packaged

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Emirates Development Bank Forum Highlights Role of Strategic Partnerships

News Desk 2 29/04/2024

In partnership with MoIAT’s “Make it in the Emirates” initiative, Emirates Development Bank (“EDB” or “the Bank”), today hosted the highly anticipated Sharjah edition of EDB Connect at the Sharjah Research, Technology, and Innovation Park, convening key industry leaders, government officials, and business innovators to discuss, debate, and

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Emirates Development Bank delivers record increase in industrial GDP impact

News Desk 1 04/04/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED 10.4 billion, bringing its cumulative contribution to the nation’s industrial GDP impact to AED4.9 billion.  The milestone […]

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Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with a stable outlook

News Desk 1 03/04/2024

Fitch Ratings has affirmed Emirates Development Bank’s (“EDB” or “the Bank”) at ‘AA-‘credit rating, demonstrating the Bank’s strong creditworthiness due to its strategic importance to the UAE’s national agenda. The rating also comes with a ‘stable’ outlook, indicating confidence in EDB’s long-term ability to maintain its financial stability. In its report, Fitch Ratings

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Emirates Development Bank and KLAIM unveil working capital solutions

News Desk 1 11/03/2024

Emirates Development Bank (“EDB”, the Bank), the key financial engine of UAE economic development and industrial advancement, today announced a new partnership with KLAIM, a UAE-based healthcare-focused fintech company, to provide low-risk, short-term working capital solutions to support healthcare providers in maintaining efficient cash flows. Under this