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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

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

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.