Latest news with #EDGEGroup
Emirates 24/7
6 days ago
- Business
- Emirates 24/7
UAE President, Hungarian Prime Minister witness exchange of agreements, MoUs to strengthen bilateral cooperation
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Viktor Orbán, Prime Minister of Hungary, today witnessed the exchange of several agreements and memoranda of understanding between the two countries, aimed at expanding avenues of cooperation across a range of development sectors. The exchange took place as part of His Highness' official visit to Hungary. The agreements and MoUs announced and exchanged by both sides cover various fields, including cooperation in data centres and artificial intelligence projects, green and renewable energy, food and agriculture, family and youth policy, government development and modernisation, energy storage systems, and defence cooperation, among others. The exchange ceremony was held at the Prime Minister's Office in the Hungarian capital, Budapest. Representing the UAE were His Excellency Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Her Excellency Sana bint Mohammed Suhail, Minister of Family; Her Excellency Maryam bint Ahmed Al Hammadi, Minister of State and Secretary General of the UAE Cabinet; His Excellency Faisal Al Bannai, Chairman of the Board of Directors, EDGE Group; His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer, Mubadala Investment Company; and His Excellency Mohamed Ali Alabbar, Chairman, Eagle Hills Properties. The agreements were exchanged on the Hungarian side by the relevant ministers and officials. Follow Emirates 24|7 on Google News.
Zawya
13-06-2025
- Business
- Zawya
EDGE, Leonardo to set up JV in Abu Dhabi
DGE, one of the world's leading advanced technology and defence groups, and Leonardo have confirmed their mutual intent to establish a joint venture (JV) in Abu Dhabi. The JV will create a cutting-edge technology hub in the UAE, strategically positioned to serve global markets through a unified and synergistic approach, said a statement. The MoU was signed by Faisal Al Bannai, Chairman of EDGE Group, and Roberto Cingolani, CEO and General Manager of Leonardo during a recent visit to Abu Dhabi. This agreement marks the latest step in strengthening the collaboration between EDGE and Leonardo. The new JV will represent a landmark in global defence collaboration, covering multiple domains and integrating some of the most advanced and sophisticated technologies, including Naval C2 systems and combat system ballistic missile defence; counter-unmanned aerial systems (C-UAS); airborne capabilities for maritime multi-mission aircraft (MMA); optronics; air defence; and high-performance computing (HPC) electronics for missile applications.
Trade Arabia
11-06-2025
- Business
- Trade Arabia
EDGE, FAB sign strategic deal to build resilient financial ecosystem
EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB). The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). EDGE said its deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding, it stated. EDGE Managing Director and CEO Hamad Al Marar said: "Our partnership with FAB is a strategic enabler of our global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth." Group Head of Wholesale Banking Martin Tricaud said: "FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation." "Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations," he added. Group Chief Financial Officer Rodrigo Torres said: "This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence." Torres, said to date, over AED1.6 billion in invoices have been processed, unlocking more than AED1.2 billion in off-balance sheet financing.
Zawya
11-06-2025
- Business
- Zawya
EDGE, FAB sign strategic agreement to build resilient financial ecosystem
ABU DHABI - EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB). The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). Hamad Al Marar, Managing Director and CEO of EDGE, said, 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.' Martin Tricaud, Group Head of Wholesale Banking at FAB, said, 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.' Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations. EDGE's deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding. Rodrigo Torres, Group Chief Financial Officer of EDGE, said, 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence." He added that to date, over AED1.6 billion in invoices have been processed, unlocking more than AED1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group – all of which are critical to supporting the long-term growth strategy and industrial objectives.
Zawya
11-06-2025
- Business
- Zawya
EDGE and FAB sign strategic agreement to build a resilient financial ecosystem
Abu Dhabi, UAE: EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB), the UAE's global bank. The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). Hamad Al Marar, Managing Director and CEO of EDGE said: 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.' Martin Tricaud, Group Head of Wholesale Banking at First Abu Dhabi Bank (FAB), said: 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.' Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations. EDGE's deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding. Rodrigo Torres, Group Chief Financial Officer of EDGE, said: 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence. To date, over AED 1.6 billion in invoices have been processed, unlocking more than AED 1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group all of which are critical to supporting our long-term growth strategy and industrial objectives.'
