Moiat

Energy, Oil & Gas

ADNOC becomes first partner to back UAE's new industrial fund

Fri, 08 May 2026

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).

Industry, Logistics & Shipping

UAE unlocks $4.9bn financing for industrial sector

Wed, 06 May 2026

The UAE Ministry of Industry and Advanced Technology (MoIAT) has unlocked AED18 billion ($4.9 billion) in competitive financing for the industrial sector to help manufacturers scale their production.