cabinet issues resolution restructuring board of directors of emirates development bank
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Cabinet issues resolution restructuring Board of Directors of Emirates Development Bank

Arab Today, arab today

Arab Today, arab today Cabinet issues resolution restructuring Board of Directors of Emirates Development Bank

Emirates Development Bank
Abu Dhabi - WAM

The Cabinet has issued a resolution restructuring the Board of Directors of Emirates Development Bank under the chair of Obaid Humaid Al Tayer, Minister of State for Finance.

It has named nine members for a tenure of three years, subject to renewal.

The board members include Younis Haji Khouri, Abdul Wahid Mohammed Al Fahim, Khalfan Jumaa Belhoul, Mariam Saeed Ghobash, Mohammed Abdul Ghaffar Hussein, Waleed Khalil Al-Hashimi, Saeed Mohammed Al Bahar, Salamah Mohammed Al Dhahiri, and another independent member.

The decision will enable the bank to achieve a competitive knowledge-based economy through tasks and functions entrusted to it, so as to contribute to the implementation and development of projects in the country. It will also support industrial and real estate projects, and craft and agricultural activities, in addition to dedicated credit mortgage allocated for the construction and maintenance of houses.

Emirates Development Bank was established by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in accordance with the Federal Law No. 7 of 2011, with an authorised capital of AED10 billion to help finance the development of residential and industrial projects for citizens.

The establishment of the bank is in line with the state's vision to build a national economy characterised with diversification and based on innovation, which allows citizens access to adequate housing through provision of economic funding at an acceptable cost.

The bank offers innovative support, funding and solutions that achieve sustainable development of small and medium-sized businesses that promotes the sustainable growth of vital sectors of the national economy through availability of financing and banking conditions to ensure the growth of all parties involved in the development process.

It also generates more jobs for citizens and helps to move towards smart industries, apart from creating projects that ensure economic development and high living standards for UAE nationals.


Source :WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cabinet issues resolution restructuring board of directors of emirates development bank cabinet issues resolution restructuring board of directors of emirates development bank

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cabinet issues resolution restructuring board of directors of emirates development bank cabinet issues resolution restructuring board of directors of emirates development bank

 



GMT 08:23 2017 Monday ,03 April

Tesla tops quarterly sales forecast

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 05:28 2017 Sunday ,26 November

Gas exporters call for 'fair price'

GMT 10:51 2018 Tuesday ,11 December

Cloudy weather with rain showers forecast Tuesday

GMT 20:00 2017 Monday ,25 September

Tourism minister leaves for France to attend Top Resa

GMT 22:07 2017 Tuesday ,02 May

UAE soldier martyred in Yemen

GMT 00:25 2017 Sunday ,10 September

Philippines Sees the Bloodiest

GMT 20:21 2017 Wednesday ,08 November

Ambassador Aizaz Chaudhry met members of Congress in US

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday