ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the leading International Financial Centre in Abu Dhabi, on Wednesday announced that it had achieved a “carbon-neutrality” status by offsetting its 2021 carbon emissions as an organisation. It reinforces ADGM’s commitment to building a progressive and more sustainable economy, and in addition, positioning ADGM as the first IFC in the world ...

  ABU DHABI / WAM The central bank of the United Arab Emirates (CBUAE) and the central bank of the Republic of Turkey (CBRT) on Wednesday announced the establishment of a bilateral currency swap agreement between the UAE dirham (AED) and the Turkish lira (TRY). The nominal size of this swap agreement is mutually AED18 billion ($4.90 billion) and TRY ...

  ABU DHABI / WAM Masdar City, Masdar’s pioneering sustainable urban development in Abu Dhabi, through its Masdar Green Real Estate Investment Trust (Reit), signed a financing commitment in the amount of $200 million with First Abu Dhabi Bank (FAB) relating to financing of the Reit portfolio to facilitate further acquisitions and portfolio growth. FAB will act as sole mandated ...