Company Insights Adnoc Oil & Gas Adnoc News Banking and Finance Taqa raises $1.5bn in bonds as order book hits $15bn Abu Dhabi National Energy Company (Taqa) has raised a combined $1.5 billion in five-year and 10-year dual-tranche senior unsecured notes. The 10-year bonds, sized at $1 billion, were issued at a coupon rate of 4.696 percent, reported state-run WAM news agency, citing a company statement. The net proceeds from Taqa’s first green bond issuance will […] April 19, 2023 Banking and Finance Abu Dhabi’s Taqa plans dual-tranche dollar green bond Abu Dhabi-listed Abu Dhabi National Energy Company (Taqa) has directed banks ahead of a possible dual-tranche US dollar-denominated green bond issue. The firm planned hold investor calls from Thursday for a benchmark-sized long five-year issue followed by a 10-year green bond, Reuters reported citing a document. Benchmark-sized issuance is at least $500 million. In September […] April 14, 2023 Opinion Sustainability Al Jaber reveals why he’s right choice to lead Cop28 Conference host chooses to give first interview to critics April 13, 2023 Aviation Qatar Airways CEO calls for aviation fuel overhaul The boss of Qatar Airways has called for an overhaul of the sustainable aviation fuel market. The airline is buying sustainable aviation fuel (SAF) as it seeks to reduce the environmental impact of air travel. However CEO Akbar Al Baker has labelled the fuel “exorbitantly expensive” and says it is only available in low volumes […] April 11, 2023 Banking and Finance Gulf IPO market could ride out global jitters with state offerings A wave of initial public offerings in Abu Dhabi shows little sign of abating, despite global market jitters and rising interest rates as investors bet on the emirate’s part-privatisation drive. While Saudi Arabia and Dubai’s bourses have also offered a flurry of new listings over the past 18 months, it’s the UAE capital that is […] April 11, 2023 Energy Shares soar at Israeli energy giant after BP and Adnoc offer Shares in Israeli energy giant NewMed Energy soared on Tuesday after BP confirmed that, together with Abu Dhabi National Oil Company (Adnoc), it has made a non-binding offer to buy a 50 percent stake in the company. The Tel Aviv Stock Exchange-listed natural gas operator saw its share price rise by more than 36 percent […] March 29, 2023 Banking and Finance Adnoc lines up another unit for Abu Dhabi listing Abu Dhabi National Oil Co (Adnoc) plans to launch an initial public offering of its maritime and logistics unit in June, Reuters reported, in what will be the government-owned conglomerate’s latest flotation of an ancillary business. Adnoc’s part-privatisation drive began in 2017. It has sold minor stakes in subsidiaries Adnoc Drilling, Adnoc Gas, Adnoc Distribution, […] March 24, 2023 Exclusive Markets Presight to use IPO as springboard to global expansion Big data and analytics company Presight is targetting international expansion once they have listed later this month. The firm, part of Abu Dhabi’s G42, plans to raise $495 million from its floating on the ADX. The subscription period for the initial public offering (IPO), which was 136 times oversubscribed, closed on Friday with a total […] March 17, 2023 Logistics UAE issues first licence to test electric cargo planes The UAE has issued its first licence for electric cargo planes as it steps up efforts to support sustainable transport technology. The Emirati government’s Regulations Lab issued the licence to US shipping giant UPS, to test electric vertical takeoff and landing (eVTOL) aircraft in the UAE. The agency said in a statement that the licence […] March 14, 2023 Energy Abu Dhabi’s Borouge to pay $650m in dividends for 2022 Abu Dhabi-listed petrochemicals company Borouge will pay a final dividend of $650 million for 2022. The payout was approved by shareholders at the annual general meeting on Monday and will be distributed in April, state-owned WAM news agency reported. The Abu Dhabi Securities Exchange-listed company has confirmed dividends of $1.3 billion in 2023. Sultan bin […] March 14, 2023 Posts navigation Previous 1 … 37 38 39 … 47 Next
Banking and Finance Taqa raises $1.5bn in bonds as order book hits $15bn Abu Dhabi National Energy Company (Taqa) has raised a combined $1.5 billion in five-year and 10-year dual-tranche senior unsecured notes. The 10-year bonds, sized at $1 billion, were issued at a coupon rate of 4.696 percent, reported state-run WAM news agency, citing a company statement. The net proceeds from Taqa’s first green bond issuance will […] April 19, 2023
Banking and Finance Abu Dhabi’s Taqa plans dual-tranche dollar green bond Abu Dhabi-listed Abu Dhabi National Energy Company (Taqa) has directed banks ahead of a possible dual-tranche US dollar-denominated green bond issue. The firm planned hold investor calls from Thursday for a benchmark-sized long five-year issue followed by a 10-year green bond, Reuters reported citing a document. Benchmark-sized issuance is at least $500 million. In September […] April 14, 2023
Opinion Sustainability Al Jaber reveals why he’s right choice to lead Cop28 Conference host chooses to give first interview to critics April 13, 2023
Aviation Qatar Airways CEO calls for aviation fuel overhaul The boss of Qatar Airways has called for an overhaul of the sustainable aviation fuel market. The airline is buying sustainable aviation fuel (SAF) as it seeks to reduce the environmental impact of air travel. However CEO Akbar Al Baker has labelled the fuel “exorbitantly expensive” and says it is only available in low volumes […] April 11, 2023
Banking and Finance Gulf IPO market could ride out global jitters with state offerings A wave of initial public offerings in Abu Dhabi shows little sign of abating, despite global market jitters and rising interest rates as investors bet on the emirate’s part-privatisation drive. While Saudi Arabia and Dubai’s bourses have also offered a flurry of new listings over the past 18 months, it’s the UAE capital that is […] April 11, 2023
Energy Shares soar at Israeli energy giant after BP and Adnoc offer Shares in Israeli energy giant NewMed Energy soared on Tuesday after BP confirmed that, together with Abu Dhabi National Oil Company (Adnoc), it has made a non-binding offer to buy a 50 percent stake in the company. The Tel Aviv Stock Exchange-listed natural gas operator saw its share price rise by more than 36 percent […] March 29, 2023
Banking and Finance Adnoc lines up another unit for Abu Dhabi listing Abu Dhabi National Oil Co (Adnoc) plans to launch an initial public offering of its maritime and logistics unit in June, Reuters reported, in what will be the government-owned conglomerate’s latest flotation of an ancillary business. Adnoc’s part-privatisation drive began in 2017. It has sold minor stakes in subsidiaries Adnoc Drilling, Adnoc Gas, Adnoc Distribution, […] March 24, 2023
Exclusive Markets Presight to use IPO as springboard to global expansion Big data and analytics company Presight is targetting international expansion once they have listed later this month. The firm, part of Abu Dhabi’s G42, plans to raise $495 million from its floating on the ADX. The subscription period for the initial public offering (IPO), which was 136 times oversubscribed, closed on Friday with a total […] March 17, 2023
Logistics UAE issues first licence to test electric cargo planes The UAE has issued its first licence for electric cargo planes as it steps up efforts to support sustainable transport technology. The Emirati government’s Regulations Lab issued the licence to US shipping giant UPS, to test electric vertical takeoff and landing (eVTOL) aircraft in the UAE. The agency said in a statement that the licence […] March 14, 2023
Energy Abu Dhabi’s Borouge to pay $650m in dividends for 2022 Abu Dhabi-listed petrochemicals company Borouge will pay a final dividend of $650 million for 2022. The payout was approved by shareholders at the annual general meeting on Monday and will be distributed in April, state-owned WAM news agency reported. The Abu Dhabi Securities Exchange-listed company has confirmed dividends of $1.3 billion in 2023. Sultan bin […] March 14, 2023
