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Tabreed secures AED 1.5 bn district cooling contract for Palm Jebel Ali
Plus: New AED 1 bn real estate project hits Dubai
Tabreed finalizes a USD 700 mn sukuk issuance with 3.5x oversubscription at USD 2.5 bn
The sukuk is listed on the London Stock Exchange
THIS MORNING: Alpha Data likely to price IPO at top of range + Is Sidara’s acquisition of Wood Group back on the table?
Plus: A host of debt updates from Sharjah Islamic Bank and Tabreed
THIS MORNING: Tabreed eyes USD 2 bn NCD issuance as it looks to refinance debt + Arab states push alternative Gaza plan with potential USD 20 bn in funding
Plus: New littering fines in Abu Dhabi
More earnings roll in…
AD Ports, Empower, Tabreed, and Salik all reported rises in their bottom line
Tabreed, Takaful Emarat turn to the black in 3Q
Tabreed logged AED 165.5 mn in net income in 3Q
Emirates named World's Best Airline + UAEU ranks 5th in QS Arab University list
Emirates took the top spot due to factors like punctuality, its jets, and its route network
Empower to develop second Jumeirah cooling plant
Empower intends to establish a total of six district cooling plants in Jumeirah to produce a total of 256k RT
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