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Emirates Development Bank (EDB), the primary financial driver of economic growth and industrial progress in the UAE, showcased its unique perspective on financing national development, fostering SME resilience, and adapting to the evolving treasury landscape at the ACT Middle East Treasury Summit 2024, which concluded today in Dubai.

UAE has announced the next phase of its TradeTech Initiative at the WTO Public Forum in Geneva, with a focus on Artificial Intelligence (AI). Abdelsalam Mohamed Al Ali, Minister Plenipotentiary and Director-Representative of the UAE’s Permanent Mission to the WTO, revealed the plans during a session titled “TradeTech Interviews: The Thinker, the Innovator, and the Builder,” which explored the role of AI in global trade.

General Atlantic plans to open an office in Abu Dhabi by the end of 2024, relocating a dealmaker from London to lead the new team. The New York-based private equity firm, which manages $83B in assets, has obtained initial approval to operate from the Abu Dhabi Global Market (ADGM). Final approval is expected by year-end.