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PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

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.