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Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering comprising green and conventional notes, achieving oversubscription of more than three times. The deal marks the first public benchmark bond by an Abu Dhabi government-related entity since March 2026. China's ICBC served among the joint bookrunners and lead managers alongside regional and international banks.
Dubai Customs processed 1.36 million customs deposit refund applications during the first half of 2026, representing a 3.6% increase year-on-year. The total value of submitted claims reached AED 6.9 billion, with approved refunds amounting to AED 6.2 billion. The authority also extended the deadline for submitting supporting claim documentation from 30 to 90 days.
Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering that was oversubscribed more than three times. The issuance comprises $1.1 billion in five-year green notes and $650 million in 10-year conventional notes, with settlement expected on October 26, 2026. Industrial and Commercial Bank of China joined international and regional lenders as a joint bookrunner and lead manager.
The UAE Ministry of Human Resources and Emiratisation has detailed the levels for calculating end-of-service gratuity for private-sector expatriate employees. Foreign workers are entitled to 21 days' basic wage for each of the first five years and 30 days for each additional year. Compliance with these labour rules remains compulsory for all private employers.
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