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FAB Issues AED1 Billion Digitally Native Green Bond, a First for the MENA Region

First Abu Dhabi Bank has issued and settled AED1 billion ($272.3 million) of three-year green notes created directly on Euroclear's distributed ledger platform, the first such green bond from the Middle East and North Africa.

ADNOC Says Backup Projects Built a Decade Ago Kept Oil Flowing Through Disruption

Abu Dhabi National Oil Company prepared for major supply disruption 10 to 15 years ago, and that spending kept production going this year, ADNOC board director Abdulmunim Al Kindy said.

Saudi Stocks Post 2.6% Weekly Loss as Main Index Closes at 43-Month Low

Saudi Arabia's main share index fell 2.6% over the week to Thursday, October 15, closing at its lowest level in 43 months as 21 of 22 sectors declined.

National Bank of Bahrain Partners With Partior to Explore On-Chain Bahraini Dinar Settlement

National Bank of Bahrain (NBB) has entered a partnership with Partior to explore acting as a Bahraini dinar settlement bank on Partior's blockchain network,...

TARAF and Marriott Sign Deal for JW Marriott Residences Abu Dhabi on Yas Island

TARAF, the real estate division of UAE investment group Yas Holding, and Steppe have signed an agreement with Marriott International to launch JW Marriott...

Aldar Enters Sharjah With AED1.1 Billion Purchase of Nine Residential Buildings From Arada

Aldar has agreed to buy nine residential buildings with more than 1,100 homes from Arada in Sharjah for AED1.1 billion, its first real estate...

IMF’s Azour Says Buffers Cushioned Gulf Economies but Bahrain Needs Fiscal Measures

Buffers including alternative export routes and financial reserves have limited the economic damage to Gulf states from the regional war, but they are finite,...

Abu Dhabi Sets Up TAMM Global to License Its Government Services Platform Worldwide

Abu Dhabi's Department of Government Enablement (DGE) has established Abu Dhabi Digital Services Company TAMM Global to take the emirate's TAMM government services platform...

Emaar Sales Backlog Stands at About AED180 Billion With 98% Collections, Alabbar Says

Emaar Properties has a sales backlog close to AED180 billion ($49 billion), with collections running at 98%, founder and managing director Mohamed Alabbar said. "We...

Kuwait Studies Oil Export Pipelines to Fujairah and Red Sea to Bypass Hormuz

Kuwait is studying two crude export pipelines that would bypass the Strait of Hormuz, one running through the UAE to Fujairah and one through...

Aramco Offers Europe Extra Crude Cargoes as Saudi Exports Recover After Pipeline Attacks

Saudi Aramco is offering European customers additional crude oil cargoes for delivery in late October and into mid-November, three trade sources told Reuters. The volumes...

EFG Hermes UAE Launches Market Making and Liquidity Services on Abu Dhabi Securities Exchange

EFG Hermes UAE LLC has launched market making and liquidity provision services on the Abu Dhabi Securities Exchange (ADX), the firm said on Friday. The...
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