ADFD

ADFD pledges financial contribution to Dar Zayed for Family Care

Abu Dhabi - Musimchronicle

The Abu Dhabi Fund for Development, ADFD, a leading national entity for development aid, on Wednesday announced a financial endowment to Dar Zayed for Family Care. The monetary aid will empower the UAE society through community development efforts. A cheque-handing-over ceremony was held at the ADFD’s headquarters and attended by Khalifa Al Qubaisi, Deputy Director-General of ADFD, and Nabil Al Dhaheri,Read more

Sudanese central Bank receives $400m from Abu Dhabi Fund

Abu Dhabi - Arab Today

Sudanese central Bank received 400 million USD from Abu Dhabi Fund For Development “ADFD” after signing an agreement targets to increase liquidity stimulates economic growth in Sudan, reported Asharq Al-Awsat. The agreement was signed in the headquarters of ADFD by Mohammed Saif Al Suwaidi, director-general of ADFD, and Hazim Abdegadir Ahmed Babiker, governor and chairman of Sudan’s Central Bank.Read more

ADFD contributes $200m for King Hussein Medical City

Amman - Arab Today

Abu Dhabi Fund for Development (ADFD) announced a AED735 million ($200 million) UAE grant earmarked for expansionary works at King Hussein Medical City. This latest contribution is in line with the framework of the 2013 UAE government grant contribution of AED4.6 billion ($1.25 billion) to the Gulf Development Fund, a five-year grant program from the GCC member countries to financeRead more

IRENA, ADFD to fund renewable energy projects in four developing countries

Dubai - Xinhua

The International Renewable Energy Agency (IRENA) said Saturday that it will work with a fund in Abu Dhabi to channel 44.5 million U.S. dollars to four renewable energy projects in Marshall Islands, Niger, Seychelles and Solomon Islands. The government-controlled Abu Dhabi Fund for Development (ADFD) will support "a diverse set of projects including a hybrid micro-grid project employing solar photovoltaicRead more

ADFD: AED2.7 billion in development contributions for 2015

Abu dhabi - WAM

Abu Dhabi Fund for Development, ADFD, ranked second in UAE foreign aid contributions, according to the report titled "UAE's Foreign Aid in 2015" by the Ministry of Foreign Affairs and International Cooperation, MoFAIC. ADFD’s expenditure amounts to AED2.70 billion (US$736.73 million), whereas government aid, ranked first with 86.1% market share of total aid spent; AED27.84 billion (US$7.57 billion), bringing theRead more

Abu Dhabi Fund for Development discusses

Abu dhabi - WAM

Abu Dhabi Fund for Development, ADFD, has received a visiting ministerial delegation from the United Republic of Tanzania at its headquarters. At the meeting, Adel Al Hosani, Director of ADFD’s Operations Department, discussed the fund’s current and upcoming socio-economic development ventures in Tanzania with Makame Mbarawa, Tanzanian Minister of Works, Transport and Communication. Both parties stressed their keenness to furtherRead more

ADFD organises event to celebrate #UAENationalDay45

Abu dhabi - WAM

Abu Dhabi Fund for Development (ADFD) today organised event in celebration of #UAENationalDay45. On this occasion, Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund expressed his gratitude and extended his appreciation to President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, His HighnessRead more

ADFD secures AED 12 million for Algeria’s Health Sector

Abu dhabi - Arab Today

Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), has signed a Memorandum of Understanding ,MoU, to the tune of AED12 million with Hadidi Amer, Naama Province Section Chief at the Ministry of Health, Population and Hospital Reform in Algeria. The MoU was signed in the presence of H.H. Sheikh Mansour bin Zayed Al Nahyan, DeputyRead more

ADFD, Armenian President discuss development projects

Abu dhabi - WAM

Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), has discussed with Serzh Sargsyan, President of Armenia, ADFD’s existing developmental ventures in Armenia. They also explored new schemes, projects and endeavours through which ADFD could support the government of Armenia in achieving the country’s developmental goals. ADFD and the government of Armenia enjoy long-standing synergies. In 2007,Read more

IRENA Open Fifth Round of Funding

Abu Dhabi - Arab Today

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have officially opened the fifth round of funding for renewable energy projects in developing countries. The funding round of approximately USD 50 million is part of ADFD’s USD 350 million (AED 1.285 billion) commitment offering concessional loans to renewable energy projects endorsed by IRENA. Since 2012,Read more