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Ins.-focused ratings agency AM Best affirmed Al Fujairah National Ins Company (AFNIC)’s financial strength rating at B++,and the company’s long-term Issuer credit rating at bbb, according to a press release. Both ratings were given a negative outlook. The rationale: AFNIC’s ratings demonstrate the company’s robust balance sheet strength, evaluated as strong by AM Best. The […]
Author Archives: enterpriseam admin
Posted inENERGY
Fourth phase of Al Maktoum is now operational
Fourth phase of Al Maktoum Solar Park is now live: UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum inaugurated the fourth phase of the 5 GW Mohammed bin Rashid Al Maktoum Solar Park, featuring the tallest concentrated solar power (CSP) tower and the largest single-site thermal energy storage in the world, WAM […]
Posted inCAPITAL MARKETS
ADIB’s USD-denominated green sukuk now on the ADX
Abu Dhabi Islamic Bank (ADIB) listed its five-year USD 500 mn green sukuk on the Abu Dhabi Securities Exchange on Friday, according to an ADX filing. ADIB intends to allocate the bond’s net proceeds to fund green projects to accelerate the green transition. The details: ADIB raised USD 2.6 bn in its green sukuk sale, […]
Posted inPOLICY WATCH
Attracting more local + international investments
The unified strategy is set to boost the country’s investments
Posted inEARNINGS WATCH
Union Ins turns a loss in 3Q 2023
Union Ins recorded a net loss of AED 166.6 mn, representing almost half of its share capital
Posted inMOVES
MBME appoints Briseida Sinaj as CFO
Sinaj has over 15 years of experience in improving strategy and financial performance
Posted inTRENDING
It’s all about sports & Palestine on UAE X
This morning on UAE X: It’s all sports this morning, we’re seeing several different hashtags with السيتي# “City” as a result of their 2-1 victory over Luton Town yesterday. We’re also seeing #PAKvsIND (cricket) and #Chelsea (football). Palestine protests: We’re also seeing the hashtag الاضراب_الشامل# calling for a “global strike” in solidarity with the people […]
Posted inUAE IN THE NEWS
COP as far as the eyes can see
It’s all COP in the international press: As the conference in Dubai enters its final stretch, attention has turned to the question of setting a date for global ending fossil fuels use. (Reuters | Bloomberg | El País | Mail Online)
Posted inALSO ON OUR RADAR
ESA + FAB to develop commodity trading platform
FAB will support ESA in reviewing its projects to hedge and trade carbon credits