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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

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ADCB green bond raises $500m

The Board has recommended a dividend of AED 0.55 per share.
  • The bond was 3.8 times oversubscribed after attracting local, regional, and international investors that placed total orders of over $1.9 billion.
  • The bank said it has embedded ESG into its corporate strategy and has aligned its sustainability approach to the UAE’s ambitions for an inclusive, net-zero economy.

Abu Dhabi, UAE– Abu Dhabi Commercial Bank (ADCB) has said it successfully priced its inaugural green bond, which will be issued on 14 September 2022, raising $500 million to support the financing of low-carbon initiatives.

The five-year bond, priced at a spread of 115 basis points above treasuries with a 4.5 percent coupon rate, was 3.8 times oversubscribed after attracting local, regional, and international investors that placed total orders of over $1.9 billion.

The bank said it has embedded ESG into its corporate strategy and has aligned its sustainability approach to the UAE’s ambitions for an inclusive, net-zero economy.

Commitments include providing AED 35 billion in green finance by 2030, reaching net-zero in the Bank’s own operations and reducing financed emissions in line with UAE government net-zero ambitions.

The bank said it has adopted a Green Bond Framework to provide a long-term platform to support further mobilization of capital for green projects.