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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

ADX lists US$1 billion Abu Dhabi Ports bonds

FILE PHOTO: Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. REUTERS/Stringer
    • Demand for the bond was oversubscribed 4.5 times

    • The company is planning $4.2 billion in investment in next 5 years

    The Abu Dhabi Securities Exchange (ADX) has announced it will be listing, on 3 June, 2021, US$1 billion bonds of Abu Dhabi Ports, which were issued under its Euro Medium Term Note Programme (EMTN Programme).

    The announcement was made by ADX on its website and stated that the bonds will be listed in one tranche, according to the pricing term sheet.

    Earlier in an interview, Chief Financial Officer Martin Aarup had said that the government-owned port operator in Abu Dhabi will look at a mix of loans, bonds and sukuk as well as potential cash injections from its owner to fund growth.

    The company is planning $4.2 billion in investment over the next five years and could spend more on acquisitions, he said.

    Demand for the bond, which was about 4.5 times oversubscribed, “reflects international confidence in the strength of our business and our strategy,” Abu Dhabi Ports Chairman Falah Mohamed Al Ahbabi said in a statement.

    The debut sale will also help the country push to diversify its economy and funding sources, he said.