Sheikh Nahyan bin Mubarak Inaugurates ‘Layered Medium: We Are in Open Circuits’ – A Historic Collaboration Between Abu Dhabi Music & Arts Foundation and Seoul Museum of Art

May 20, 2025 uaenews247

The exhibition is the first large-scale showcase of contemporary Korean art in the Middle East and marks a significant chapter in the three-year institutional collaboration between ADMAF and the world-renowned Seoul Museum of Art (SeMA).

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Business & Investments

Emirates Development Bank Launches AED 1 Billion Emirates Growth Fund to Accelerate the Growth of UAE-Based SMEs

May 20, 2025 uaenews247

Launched at Make it in the Emirates to support UAE based SME’s and drive scale, resilience, and impact across priority sectors: Manufacturing, Healthcare, Food Security, and Advanced Technology
EGF delivers more than capital; unlocking potential through active value creation
The Fund will deploy flexible growth capital ranging from AED 10 million to AED 50 million per eligible company within its priority sectors

H.E. Ahmad Belhoul Al Falasi, EGF’s Chairman, and H.E. Najla Ahmed Al Midfa, EGF’s Vice Chair and Managing Director

Abu Dhabi, UAE – May 19, 2025 – Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, resilience, and global competitiveness of UAE-based SMEs.

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Education

Student-Led Satellite Project MAHASAT Hits Key Milestone at BITS Pilani Dubai

May 20, 2025 uaenews247

Dubai, UAE – The student team at BITS Pilani Dubai Campus (BPDC) has successfully completed the Engineering Model phase of MAHASAT—one of the UAE’s pioneering student-led CubeSat initiatives. This milestone marks the transition into the next critical phase of satellite development: testing and flight readiness.