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Emirates Development Bank

Policy & Legal Updates
Source: Emirates News Agency

MoIAT and EDB Open Applications for AED 1 Billion Industrial Resilience Fund

The UAE Ministry of Industry and Advanced Technology and Emirates Development Bank have launched an online portal for the AED 1 billion National Industrial Resilience Fund. The five-year financing initiative aims to enhance domestic manufacturing capabilities and accelerate import substitution. Eligible companies can apply for capital expenditure financing and working capital facilities across critical industrial sectors.

Industry News
Source: Gulf Business

DP World Appoints Two Independent Non-Executive Directors to Board

DP World has appointed Amer Abdulrahim Kazim and Iman Al Qasim as independent non-executive directors to its board with immediate effect. Kazim brings more than 27 years of experience across banking, aviation, telecoms, and real estate, while Al Qasim contributes over two decades of human capital leadership. The appointments aim to strengthen the Dubai-based logistics operator's governance and strategic execution.

China–UAE News
Source: Fast Company Middle East

UAE Expands China Industrial Ties and Signs Energy Infrastructure Pact

A UAE delegation led by the Ministry of Industry and Advanced Technology concluded bilateral talks in Shanghai targeting partnerships with Chinese industrial automation and robotics manufacturers. Concurrently at WETEX 2026, DEWA International signed an energy infrastructure pact with China Energy International Group among four global MoUs. The initiatives establish frameworks for joint investments and technology transfer to the Gulf.

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