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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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.