ABU DHABI/WAM Adnoc Logistics & Services Plc announced on Wednesday that it has signed a $1.1-2.0 billion (AED4.0-7.3 billion) Hybrid Capital Instrument (HCI). Initial drawing against the HCI will be $1.1 billion (AED4.0 billion), leaving $0.9 billion (AED3.3 billion) capacity available to be drawn until December 31 2026. Approximately $1.0 billion (AED3.7 billion) of the HCI will be utilised to …

ABU DHABI/WAM This year, the UAE will host six major global conferences for the first time, showcasing its long-standing excellence in organising large-scale international events. Among the key events is the IUCN World Conservation Congress, set to take place in October, which is one of the largest global gatherings aimed at fostering dialogue on biodiversity, climate change, and sustainability. From …

ABU DHABI/WAM The National Centre of Meteorology (NCM) has forecast that today’s weather is partly cloudy to cloudy at times over some northern, eastern, and coastal areas, with a gradual decrease in temperatures and expected rainfall. The weather is expected to be humid at night and on Friday morning, with the possibility of fog or light fog forming. In its …