Abu Dhabi / WAM A total of 4.1 million hotel visitors stayed in Abu Dhabi hotels during 2022, 24% up from 2021, data by the Department of Culture and Tourism – Abu Dhabi, revealed. Hotel revenues climbed by 23% from the previous year to AED5.4 billion in 2022. The statistics showed that Abu Dhabi hotels recorded occupancy rates of …

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has successfully issued a 5.25-year $600 million bond at US Treasury +105 Basis Points (bps) which resulted in an all-in yield of 4.514 percent, on January 19. This marks FAB’s second USD issuance in a space …

  Abu Dhabi / WAM AD Ports group has signed a memorandum of understanding with Tosyalı, one of Türkiye’s largest private steel producers, which has operations in three continents. The MoU looks to establish the framework for AD Ports group to collaborate with Tosyalı on a broad range of shipping, logistics, ports, and freight forwarding services, including potentially jointly investing …