ABU DHABI/ WAM Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirmed that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). ADNOC paid Bondholders a total amount of $1.199 billion in cash on 4th June 2024, retaining full ownership of the underlying ADNOC Distribution …

DUBAI/ WAM Government and business leaders will convene in Dubai on Tuesday for the AI Retreat 2024 to discuss the opportunities offered by Artificial intelligence (AI) technologies locally and globally and lay the foundational strategies for the acceleration of AI adoption across all sectors. Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …

DUBAI/WAM Shafiq Abdul Hamid, the Chairman of the Board of Directors of Drake & Skull International LLC, announced the completion of the company’s compliance with all restructuring plan requirements after issuing mandatory convertible sukuk to the Company’s creditors, in accordance with the restructuring plan, for the benefit of the financial and commercial creditors with the debts equivalent or exceeding AED …