ABU DHABI / WAM The emirate of Abu Dhabi on April 8 priced a $7 billion multi-tranche international bond offering, which attracted strong interest from international investors. In a statement on Sunday, Abu Dhabi Department of Finance said the successful issuance is an integral component of Abu Dhabi’s medium-term strategy focused on optimisng the capital structure of the emirate. The ...

ABU DHABI / WAM The UAE central bank announced on Sunday that gross bank assets for March had reached AED3.128 trillion, a growth of 1.1 percent from the previous month. In a statement, the central bank noted that money supply aggregate M1 had increased by 2.5 percent last month, reaching AED542.7 billion compared to February figures (AED529.4 billion). It added ...

Abu Dhabi / WAM The UAE  has sent a plane carrying 18 metric tons of medical and food aid to Mauritania as a gesture of solidarity in the fight against the Covid-19 pandemic. The shipment, which contained testing kits, medical devices, and food supplies, will assist approximately 10,000 healthcare workers in Mauritania as they work to contain spread of Covid-19. ...