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Dubai-based flydubai celebrates 14th anniversary of its launch

DUBAI / WAM flydubai, the Dubai-based carrier, on Thursday marks 14 years of operations. On June 1, 2009, the carrier welcomed its first passengers on board its inaugural flight FZ 157 from Dubai to Beirut. Since then, flydubai has been changing the way people travel around the region by enabling them to travel to more places, more often. Commenting on ...

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FAB prices $600mn 5-year green bond

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has successfully issued a 5-year $600 million bond at US Treasury +95bps which resulted in an all-in yield of 4.774%. This issuance marks the first Green bond issued by a Mena Financial Institution in 2023. FAB has set a new industry standard by achieving the tightest-ever spread for a 5-year bullet ...

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Adnoc completes historic IPO of Adnoc L&S on ADX

ABU DHABI / WAM Adnoc on Thursday announced the commencement of trading of Adnoc Logistics and Services plc (Adnoc L&S), a mission-critical global energy maritime and logistics leader, on the Abu Dhabi Securities Exchange (ADX), following the completion of its landmark IPO. The historic Adnoc L&S IPO drew the highest demand globally for any IPO so far in 2023, is ...

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