ABU DHABI / WAM First Abu Dhabi Bank (FAB) has successfully issued a 5-year $600 million bond at US Treasury +95bps which resulted in an all-in yield of 4.774%. This issuance marks the first Green bond issued by a Mena Financial Institution in 2023. FAB has set a new industry standard by achieving the tightest-ever spread for a 5-year bullet ...

ABU DHABI / WAM Adnoc on Thursday announced the commencement of trading of Adnoc Logistics and Services plc (Adnoc L&S), a mission-critical global energy maritime and logistics leader, on the Abu Dhabi Securities Exchange (ADX), following the completion of its landmark IPO. The historic Adnoc L&S IPO drew the highest demand globally for any IPO so far in 2023, is ...

ABU DHABI / WAM Dubai Industrial City, a member of Tecom Group, announced that it has attracted almost AED1 billion in investments from local and global manufacturing companies, during its participation at the Make it in the Emirates Forum in the UAE. Investments by local rubber products producer Universal Rubber Belt Manufacturing and local polymer solutions provider Stars Plastics Industries, ...