The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a memorandum of understanding, making ADNOC the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF).
Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification, has announced it is actively deploying an average of AED20 million ($5.45 million) in financing every single day to ensure that businesses across the nation continue to operate without disruption.
