ABU DHABI / WAM Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch successfully closed a $500 million five-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last in the market ...

SHARJAH / WAM Gulftainer, a privately-owned independent port operator and logistics company based in Sharjah, has finalised a 50-year concession with the State of Delaware in the USA to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach. The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to ...

ABU DHABI / WAM Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), on Wednesday announced it has reached full production of polymer-grade propylene from its newly commissioned Propane Dehydrogenation (PDH) unit, located in the Ruwais integrated refining and petrochemical hub. The PDH unit processes propane from two major sources, Adnoc Gas Processing and Ruwais Refinery West, ...