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Bloomberg Indonesia marketed a benchmark-sized dollar bond, joining a flurry of activity in Asia as issuers took advantage of a let-up in borrowing costs. The offer features three tenors, according to a person familiar with the matter, who asked not to be identified because they’re not authorised to speak about the matter. Yields on the sovereign’s existing dollar bonds ...
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September, 2022
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6 September
UAE launches survey to support startups, SMEs in space sector
Dubai / WAM Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology, and Chairwoman of the UAE Space Agency, said the UAE, guided by the vision of its wise leadership, has placed the space industry among its top priorities for the next fifty years, announcing many plans and initiatives that aim to consolidate the ...
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6 September
UAE promotes charity work, turns it into community culture
ABU DHABI / WAM The UAE has successfully promoted the concept of charity work and turned it into a community culture and an ethical rule, by capitalising on the ethical legacy of members of the community. In this context, the UAE participated in the celebrations of the annual International Day of Charity which falls on the September 5. Federal ...
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6 September
UAE aims to acquire 25% of low-carbon hydrogen market
Dubai / WAM Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and steady progress, and studies indicate that green hydrogen production will increase by 57 percent annually to reach 5.7 million tonnes in 2030. The UAE aims to acquire 25 percent of the low-carbon hydrogen market, which is expected to reach more ...
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6 September
FAB to offer inventory solutions to its clients
Abu Dhabi / WAM First Abu Dhabi Bank (FAB) on Monday announced its partnership with Silver Birch Finance Limited to offer inventory solutions to their local and international clients. Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm that supports financial institutions by enabling them to offer corporate clients non-debt solutions to ...
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6 September
Dubai records AED2.4b realty deals in one day
Dubai / WAM Dubai real estate market recorded 568 sales transactions worth AED1.37 billion, in addition to 93 mortgage deals of AED197.58 million, and 23 gift deals amounting to AED858.27 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 503 villas and apartments worth AED1.04 billion, and 65 land plots worth AED323.78 million, while ...
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6 September
Adnoc awards $548m deal for gas line at Lower Zakum field
ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced the award of an AED2.01 billion ($548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per ...
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6 September
Dubai road toll operator Salik to list 20% stake in IPO on DFM
Dubai / WAM Salik Company, Dubai’s exclusive toll gate operator, on Monday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, Salik stated that one billion five hundred million (1,500,000,000) shares each with a nominal value of AED0.01 ...
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6 September
1 Billion Meals initiative distributes 3.6mn meals in Jordan’s refugee camps
DUBAI / WAM The 1 Billion Meals initiative has announced that it distributed 3.6 million meals in refugee camps in Jordan. The meals, in the form of instantly redeemable smart vouchers, were distributed directly to beneficiaries in collaboration with the United Nations’ World Food Programmeme (WFP). The contributions from the 1 Billion Meals initiative, organised by Mohammed bin Rashid ...
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6 September
KLICKL gets ADGM’s nod to operate as broker-dealer, custody provider in virtual assets
Abu Dhabi / Gulf Time Klickl is the latest global virtual asset service provider to receive the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer and to provide custody in the digital asset place. “We are excited that Klickl obtained an IPA from ADGM and will soon ...
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