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THE JOURNEY THROUGH TIME

Explore Black History

Explore the people, places, events, achievements, struggles and stories that shaped our journey.

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Civil Rights

Movements, leaders, victories and the continuing fight for equality.

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Pioneers, champions, Negro Leagues, records, activism and excellence.

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People

Meet the people whose lives, choices and achievements shaped the journey.

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Black towns, communities, institutions and places where history happened.

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Events

Moments that changed communities, movements, institutions and the nation.

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MY'STORY

The MOVE Fire

This is a personal recollection on the Move fire on May 13, 1985 Philadelphia police fired thousands of rounds at the MOVE house, city officials approved dropping an explosive device on the roof, the resulting fire was allowed to burn, 11 people—including five children—died, and 61 homes were destroyed. Philadelphia City Council later called it a “brutal attack carried out by the City of Philadelphia on its own citizens” and acknowledged that no individual faced criminal consequences for the bombing. One timeline correction worth preserving for the BHP record: the major previous MOVE-police confrontation was August 8, 1978, about seven years before the bombing, not a year or two earlier. Officer James Ramp was killed, other police and firefighters were wounded, nine MOVE members were later convicted, and television cameras recorded police beating Delbert Africa during his arrest. The 1985 MOVE Commission later specifically criticized city planners for failing to adequately use lessons from that 1978 confrontation. And that actually strengthens the point you’re making: 1985 did not happen without precedent or institutional memory. There had already been a deadly confrontation with MOVE, years of conflict, negotiations and police involvement before Osage Avenue.

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BLACK FACTS
The Truths They Never Taught You...

Katherine Johnson — Mathematics to the Moon

Katherine Johnson’s mathematical calculations helped guide some of America’s most important early space missions while she confronted the racial and gender barriers faced by Black women in twentieth-century America.

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BHP gathered finds from its connected research sources. Showing the 4 strongest Black History matches.
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Wikipedia

Emirates Development Bank

Emirates Development Bank
TypeGovernment State Owned Bank
Bank
Founded2015; 11 years ago (2015); Abu Dhabi.
Founders
  • Sheikh Mansour bin Zayed Al Nahyan
Headquarters
Abu Dhabi
,
UAE
Websiteedb.gov.ae/en/[1]

The Emirates Development Bank (EDB) is an Emerati state-owned financial institution established in 2015 in the United Arab Emirates under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Deputy PM and Minister of Presidential Affairs of UAE.[1][2][3]

The bank supports the country's economic development and industrial development by providing financial assistance and resources to large corporates, SMEs (small and medium-sized enterprises), and startups in the UAE.[4][5][6]

History

[edit]

The bank is headquartered in Abu Dhabi, with branches in Dubai.[7][8][9][10][11][12][13]

In April 2021, the UAE government launched a new initiative to support the diversification of the nation's economy.[4][5][14][15][16][17]

Activities

[edit]

The primary service of the Emirates Development Bank is to provide financing services to start-ups, SMEs and large corporates in the UAE that operate within the manufacturing, healthcare, food security, advanced technology and renewables sectors.[18][19]

UAE’s industrial strategy

[edit]

The UAE's Ministry of Industry and Advanced Technology launched its industrial strategy in 2021. The 10-year comprehensive roadmap focuses on increasing the industrial sector's contribution to the country's gross domestic product from Dh133 billion in 2021 to Dh300bn in 2031.[20]

References

[edit]
  1. ^ a b Khan, Sarmad (June 1, 2023). "Emirates Development Bank 'on course to hit $8.2bn funding target by 2025'". The National.
  2. ^ "S&P affirms Emirates Development Bank's 'AA-' credit rating with stable outlook". Khaleej Times.
  3. ^ Nagraj, Aarti (June 20, 2023). "EDB launches AgriTech loans scheme and plans to offer $27m to support food security sector". The National.
  4. ^ a b Nair, Manoj (March 2023). "With Dh6.1b in loans, Emirates Development Bank's longer tenors, lower rates a hit with UAE businesses".
  5. ^ a b "EDB aims to offer at least $1.6bn in financing this year, CEO says". 2 March 2023.
  6. ^ Rahman, Fareed (April 17, 2023). "Fitch affirms 'AA-' rating of Emirates Development Bank with stable outlook". The National.
  7. ^ Salian, Neesha (March 1, 2023). "Emirates Development Bank's financing rises 673% in 2022".[dead link]
  8. ^ "Emirates Development Bank, ADCB partner on credit guarantee scheme". IBS Intelligence.
  9. ^ "With Dh6.1b in loans, Emirates Development Bank's longer tenors, lower rates a hit with UAE businesses". gulfnews.com. March 1, 2023.
  10. ^ Khan, Sarmad (October 18, 2022). "Emirates Development Bank approves $1.12bn funding in first nine months of 2022". The National.
  11. ^ "Emirates Development Bank Participates In Middle East Rail 2022, Addresses Its Role In Financing UAE's Key Infrastructure Projects". menafn.com.
  12. ^ "UAE Banks Federation reiterates importance of supporting SMEs". www.gulftoday.ae.
  13. ^ "Emirates Development Bank's Long-Term Issuer Rating Affirmed at "AA-" by Fitch Ratings". NNN. April 17, 2023.
  14. ^ "Emirates Development Bank partners with UAE Ministry of Economy in support of food security". www.zawya.com.
  15. ^ "Emirates Development Bank approves AED 6.1 billion in financing during 2022". wam. January 3, 2023.
  16. ^ "Sharjah Chamber, Emirates Development Bank discuss financial solutions for industrial investors". wam. March 13, 2023.
  17. ^ "Investopia seals partnership with Emirates Development Bank". www.tradearabia.com.
  18. ^ Nagraj, Aarti (March 2, 2023). "EDB aims to offer at least $1.6bn in financing this year, CEO says". The National.
  19. ^ Nagraj, Aarti (March 1, 2023). "EDB financing increased nearly eightfold to $1.6bn in 2022". The National.
  20. ^ "Emirates Development Bank approves Dh2.4 billion in finance during H1". Khaleej Times.

Source: Wikipedia. Article content is retrieved live through the MediaWiki API.

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Wikipedia

Emirates Development Bank

The Emirates Development Bank (EDB) is an Emerati state-owned financial institution established in 2015 in the United Arab Emirates under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Deputy PM and Minister of Presidential Affairs of UAE. The bank supports the country's economic development and industrial development by providing financial assistance and resources to large corporates, SMEs (small and medium-sized enterprises), and startups in the UAE.

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Wikipedia

Islamic Development Bank

The Islamic Development Bank (IsDB; Arabic: البنك الإسلامي للتنمية) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia.

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Wikipedia

New Development Bank

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations (Brazil, Russia, India, China, and South Africa). According to the agreement, "the bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments" and "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the bank." The initial authorized capital of the bank was US$100 billion divided into one million shares having a par value of US$100,000 each. The initial subscribed capital of the bank was US$50 billion divided into US$10 billion in paid-in shares and US$40 billion in callable shares. It was equally distributed among the five founding members–Brazil, Russia, India, China, South Africa. The agreement on the NDB specifies that each founding member will have one vote and that no member would have any veto powers. The bank is headquartered in Shanghai, China. The first regional office of the bank was opened in Johannesburg, South Africa in 2016. Subsequently, regional offices were established in São Paulo in Brazil, Ahmedabad in India and Moscow in Russia.

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Wikipedia

DBS Bank

DBS Bank Limited is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the "Big Three" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB). DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling S$739 billion as of 31 December 2023. It also holds market-dominant positions in consumer banking, treasury and markets, securities brokerage, equity and debt fund-raising in other regions aside from Singapore, including in China, Hong Kong, Taiwan and Indonesia. According to Asian Private Banker magazine in 2023, DBS replaced Credit Suisse as the third-largest private bank in Asia, excluding onshore China, with approximately US$201 billion (S$271 billion) assets under management.

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TOPIC OF THE DAY

Greenwood / Black Wall Street

Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.

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TRIVIA QUESTION OF THE DAY

Who was the first African-American woman millionaire in the United States?

Madam C.J. Walker