ABU DHABI/ WAM Abu Dhabi National Oil Company (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on 4th June, 2024. Fulfilling its financial obligations, ADNOC will pay up to …

GUANGDONG / WAM Guangdong Province, a prominent hub for manufacturing and foreign trade in southern China, has announced a historic peak in foreign trade, reaching 2.04 trillion yuan (approximately $281.86 billion) from January to March 2023. This marks a 12 percent increase compared to the corresponding period in the previous year, solidifying the province’s leading status in the nation’s trade …

DUBAI / WAM DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose on its development impact in countries of focus in accordance with the recently released impact disclosure guidance from the Impact Disclosure Taskforce. DP World invited industry participants and practitioners to share their feedback during a four-month public …