Browsing: First Abu Dhabi Bank

Banks in the GCC region are showing a strong desire to expand their presence in major regional markets, particularly Turkey, Egypt, and India, according to Fitch Ratings on Tuesday. This is driven by improved economic conditions and growth opportunities in these target markets.

Emirates Global Aluminium (EGA) has announced its Green Finance Framework today, aimed at supporting projects and initiatives that promote the transition to a low-carbon economy. Additionally, EGA disclosed that it funded its recent acquisition of European speciality foundry Leichtmetall using its inaugural green loan facility.

The UAE aims to boost the momentum of industrial investments at the third Make it in the Emirates forum, underpinning the vital role the sector plays in the country’s economic and diversification strategies.