Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) — the organiser of the International Defence Exhibition (Idex 2021) and the Naval Defence Exhibition (Navdex 2021) — has received approval from the Abu Dhabi Public Health Centre for all badge holders to be exempted from the 10-day quarantine procedure on their arrival into Abu Dhabi. This step has been ...

Bloomberg Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months. Futures in New York lost 0.9% as the dollar’s gains reduced the appeal of raw materials such as oil that are priced in the currency. Both West Texas Intermediate and Brent crude are trading ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has issued the lowest-ever yield on any five-year Mena bank USD issuance with a $500 million five-year Sukuk issued at MS+90bps (all-in yield of 1.411 percent) through FAB Sukuk Company Limited. The deal is FAB’s first USD benchmark offering and the first Sukuk issue globally in 2021. This offering was highly ...