Abu Dhabi-based Emirates Development Bank contributed Dh1.91 billion to the UAE’s gross domestic product over the past 12 months. Khushnum Bhandari/ The National
Abu Dhabi-based Emirates Development Bank contributed Dh1.91 billion to the UAE’s gross domestic product over the past 12 months. Khushnum Bhandari/ The National
Abu Dhabi-based Emirates Development Bank contributed Dh1.91 billion to the UAE’s gross domestic product over the past 12 months. Khushnum Bhandari/ The National
Abu Dhabi-based Emirates Development Bank contributed Dh1.91 billion to the UAE’s gross domestic product over the past 12 months. Khushnum Bhandari/ The National

EDB in talks with Poland’s national development bank to boost collaboration


Fareed Rahman
  • English
  • Arabic

Emirates Development Bank (EDB) is exploring opportunities to collaborate with Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland, to support economic development in their respective countries.

Representatives from EDB and BGK held an online meeting to discuss ways to support large corporations, small and medium enterprises and entrepreneurs, and to help stimulate overall economic growth, EDB said in a statement on Sunday.

Ahmed Al Naqbi, chief executive of EDB, led the meeting from EDB’s side, while BGK was represented by its president, Beata Daszynska-Muzyczka, and other officials.

“The meeting with BGK is part of our efforts to exchange our knowledge and experiences with our partners in other countries,” Mr Al Naqbi said.

“We presented our strategic roadmap and its goals with their leadership and explored opportunities to collaborate on joint projects to ensure economic growth and development across both the countries.”

He did not specify the kind of joint projects that the bank was looking to work on with BGK.

EDB was founded in 2011 after a merger between Emirates Industrial Bank and Real Estate Bank. It aims to provide Dh30 billion ($8.16bn) in financing over the next five years to support the UAE’s efforts to more than double the size of its industrial sector by 2031. It will fund industries such as health care, infrastructure, food security and technology, and aims to generate 25,000 jobs.

EDB recently signed agreements with a number of lenders, including RAKBank, Commercial Bank of Dubai and others to offer credit guarantees and participate in co-lending programmes to SMEs in priority sectors in the UAE.

BGK is the only development bank in Poland. It is supporting the socio economic development of the country through financing. It has a number of funds dedicated to the development of the housing sector, inland waterways, tourism and roads, among others.

EDB has contributed Dh1.91bn to the UAE’s GDP over the past 12 months, as it continues to play a pivotal role in supporting the country’s industrial strategy.

The bank has also provided direct and indirect financing to 1,350 SMEs across priority sectors and introduced a credit-guarantee platform, which has mobilised more than Dh332m of capital to SMEs, it said last month.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

While you're here
The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

Punchy appearance

Roars of support buoyed Mr Johnson in an extremely confident and combative appearance

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Abu%20Dhabi%E2%80%99s%20Racecard
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F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

Updated: May 22, 2022, 10:46 AM`