Emirates Development Bank

GCC NEWS DESK UAE

Emirates Development Bank underlines its role in UAE’s economic evolution

News Desk 1 29/02/2024

Emirates Development Bank (“EDB”, the Bank), the key financial engine for economic development and industrial advancement in the UAE, has highlighted its pivotal role in financing the UAE’s economic evolution through strategic initiatives that drive innovation,

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Emirates Development Bank’s contribution to Industrial GDP grows 80% in 2023

News Desk 1 26/02/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled its 2023 results, showcasing an extraordinary year of achievements and strategic milestones. The Bank revealed a significant 80% surge in its contribution to the UAE’s industrial GDP, which has grown from AED 2.4 […]

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Emirates Development Bank Highlights Trade and Supply Chain Finance Solutions

News Desk 1 21/02/2024

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, underscored its pivotal role in fostering sustainable, self-reliant economic growth across key sectors during Global Trade Review MENA 2024 (GTR MENA) at Jumeirah Emirates Towers in Dubai. During the event, EDB

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Emirates Development Bank commits AED 1.3 billion finance under IRENA’s Energy Transition Accelerator Financing Platform

News Desk 1 27/11/2023

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has committed up to AED 1.3 billion (USD 350 million) to support the Energy Transition Accelerator Financing (ETAF) platform, a global climate finance facility established by the International Renewable Energy Agency

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Emirates Development Bank underscores commitment to growing UAE’s solar power market

News Desk 1 18/11/2023 0

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, underscored its commitment to driving the development and growth of solar power adoption across the emirates, during its participation in the Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar

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Emirates Development Bank to showcase innovative food and agritech financing solutions at Gulfood Manufacturing

News Desk 1 07/11/2023

Emirates Development Bank (‘EDB’ or ‘the Bank’), the key financial engine of UAE economic development and industrial advancement, has announced its participation at Gulfood Manufacturing, the MENA region’s leading exhibition for the future of food production and advanced technologies, taking place from 7 – 9 November 2023.  EDB will showcase its wide range of

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Emirates Development Bank supports food security

News Desk 1 10/10/2023

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, announced that since the launch its new strategy in April 2021, the bank has approved over AED 721 million financial support for food security projects. EDB has allocated AED30 billion to support 13,500 SMEs in five

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At ADIPEC 2023, Emirates Development Bank Presents Financing Solutions

News Desk 1 02/10/2023

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, is presenting its developmental financing solutions to more than 160,000 delegates from 160 countries at ADIPEC 2023. Under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab

Banking GCC UAE

EDB participates in Ru’ya – Careers UAE Redefined 2023

News Desk 1 20/09/2023

Emirates Development Bank, the critical financial engine of UAE economic development and industrial advancement, participates in Ru’ya – Careers UAE Redefined 2023, the UAE’s leading recruitment and training exhibition for Emirati youth, to expose job seekers to various training and career opportunities.  The high-calibre event, taking place at the Dubai World Trade

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Emirates Development Bank wins International Finance award for Best Regional Development Bank

News Desk 2 17/07/2023

Abu Dhabi, United Arab Emirates, 17 July 2023: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has won the ‘Best Regional Development Bank’ award by International Finance, a premium business and finance magazine under UK’s International Finance

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Emirates Development Bank Receives Bronze Award for ‘Best Expression of a Brand on Social Media’ at Transform Awards MEA 2023

News Desk 2 26/06/2023

Emirates Development Bank (“EDB” or “the Bank”), the key financial engine driving UAE economic development and industrial advancement, has achieved remarkable recognition for its brand transformation strategy. Transform, the exclusive global magazine dedicated to rebranding and brand development, has honored EDB at the Transform Awards MEA 2023. EDB

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Emirates Development Bank Highlights Role of Renewable Energy Financing in UAE’s Sustainability Goals at Sustainable Transformation MENA Summit

News Desk 2 23/06/2023

Abu Dhabi, United Arab Emirates, June 23, 2023: Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, highlighted the significant role of renewable energy financing towards the UAE’s Net Zero by 2050 Strategic Initiative and vision for economic diversification at the

Business

Emirates Development Bank launches UAE’s First-of-its-Kind AgriTech Loans Program

News Desk 2 20/06/2023

Abu Dhabi, United Arab Emirates, 20 June 2023: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, today unveiled the UAE’s first-of-its-kind AgriTech Loans Program. In a groundbreaking initiative, EDB is set to allocate a substantial AED 100 million in financing

Business

Emirates Development Bank Takes Center Stage at Bonds, Loans and Sukuk Middle East

News Desk 2 05/06/2023

Abu Dhabi, United Arab Emirates, June 5, 2023: Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, is a proud Gold Sponsor of Bonds, Loans and Sukuk Middle East, the region’s largest finance and investment conference set to be held at Madinat Jumeirah on June 6th -7th. […]

Business

Emirates Development Bank enhances partnership with Abu Dhabi Department of Economic Development’s Industrial Development Bureau at Make It in the Emirates Forum

News Desk 2 02/06/2023

Abu Dhabi, United Arab Emirates, 2 June 2023: Emirates Development Bank (“EDB” or “the Bank”), a key financial engine of the UAE’s economic development and industrial advancement, signed a Memorandum of Understanding (MoU) with the Abu Dhabi Department of Economic Development’s Industrial Development Bureau (IDB) to continue its support of the

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Emirates Development Bank unveils AED424m in financing deals at Make It in the Emirates Forum

News Desk 2 31/05/2023

Abu Dhabi, United Arab Emirates, May 31, 2023: In a strong show of support for local companies in the manufacturing sector, Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, today unveiled a comprehensive set of approvals for financing deals totaling AED424 million. The

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Emirates Development Bank Signs MoU with Paraguay’s Development Finance Agency to Boost Collaboration

News Desk 2 29/05/2023

Emirates Development Bank (“EDB” or “the Bank”), a key financial engine for the economic development and industrial advancement of the UAE, last week signed a Memorandum of Understanding (MoU) with Paraguay’s Development Finance Agency (Agencia Financiera de Desarrollo, AFD), establishing a strategic partnership between the two parties. The signing

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S&P affirms Emirates Development Bank’s ‘AA-‘ Credit Rating with Stable Outlook

News Desk 2 23/05/2023

Abu Dhabi, United Arab Emirates, 23 May 2023: S&P Global Ratings (“S&P”) affirmed the ‘AA-‘ credit rating for Emirates Development Bank (“EDB” or “the Bank”), demonstrating the Bank’s strong creditworthiness. The rating comes with a ‘Stable’ outlook, indicating confidence in EDB’s ability to

Business

Emirates Development Bank highlights technology focus and expertise at Middle East Banking Innovation Summit

News Desk 2 17/05/2023

Dubai, United Arab Emirates, 17 May 2023: Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, is participating in the annual Middle East Banking Innovation Summit in Dubai. The two-day event brings together over 400 senior bankers from across the MENA region to explore

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Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting

News Desk 2 15/05/2023

Emirates Development Bank (“EDB” or “the Bank”), a key financial engine of the UAE’s economic development and industrial advancement, has successfully concluded its participation in the Annual Investment Meeting, held at ADNEC, in Abu Dhabi this week. Key highlights of EDB’s partaking in the two-day event include the participation of the