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First Abu Dhabi Bank gives second green bond in Swiss francs

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FAB is the main GCC bank to join Net-Zero Banking Alliance

First Abu Dhabi Bank (FAB) has evaluated its second ‘green bond’ bargain from a MENA guarantor in Swiss francs. The 2oo million five-year bond was evaluated at 0.1475 percent.

This is FAB’s second Swiss francs green bond issuance this year, following a 260 million five-year bond in January 2021. The bank today additionally reported the issuance of a five-year $30 million green bond, carrying all out green issuances to $1.36 billion generally across Swiss franc, US dollar , Chinese yuan renminbi and Hong Kong dollar.

“In the setting of the COP26 environment culmination, the issuance mirrors a more extensive change popular for great economical money arrangements,” said Rula AlQadi, Managing Director and Head of Group Funding at FAB.

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Companies

Dubai warns engineering firms over costly villa designs

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Dubai Municipality has issued warnings to several engineering consultancy offices after finding that they exaggerated structural designs for citizens’ villas.

According to officials, these inflated designs went against the Dubai Building Code and led to unnecessary construction costs for property owners, without any real engineering need.

The move is part of the Municipality’s efforts to regulate Dubai’s construction sector and protect residents from extra financial burdens. Consultancy offices across the emirate had already been reminded through circulars to strictly follow approved engineering standards.

Eng. Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency, said:

“Compliance with the Dubai Building Code is not only a legal requirement but also a professional and ethical responsibility. The goal is to ensure safe, high-quality construction without forcing citizens to pay more than necessary.”

She added that Dubai Municipality will continue to monitor consultancy offices and contractors to prevent excessive use of building materials, including steel, and ensure construction remains efficient, safe, and cost-effective.

Repeat offenders could face disciplinary measures, including poor annual evaluations or even suspension. Earlier this year, two consultancy offices were banned from licensing new projects for six months due to violations.

By cracking down on such practices, Dubai Municipality says it aims to strengthen the emirate’s construction sector, cut waste, and support sustainable urban growth.

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Education

Parents, students benefit as RTA upgrades 10 school zones across Dubai

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Dubai’s Roads and Transport Authority (RTA) has completed a series of traffic improvements in 10 busy school zones across the city, making life easier for parents, students, and staff.

The works, carried out over the summer break, covered areas such as Al Warqa 1, 3 and 4, Al Safa 1, Al Barsha 1, Al Garhoud, Al Mizhar 1 and 4, Al Qusais and Al Barsha South, benefiting 27 schools in total.

What changed?

  • Wider roads and smoother traffic flow
  • New entrances and exits to ease congestion
  • More parking for parents and staff (up to 90% more in some places)
  • Safer pedestrian features, including signals and traffic-calming measures

The RTA says some zones have already seen traffic flow improve by up to 40 per cent.

Work is still underway in other school areas like Umm Al Sheif, Al Warqa, and Al Barsha. The project is being carried out in coordination with Dubai Police to ensure safety for students and families.

Parents and school bus drivers are also urged to follow safety rules, use designated drop-off zones, and stay alert around schools.

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Crime

UAE: Social media users referred to prosecution for breaking content rules

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The National Media Office (NMO) has referred several social media users to the Federal Public Prosecution for posting content that violates UAE media laws.

Officials said a special monitoring team works 24/7 to detect violations, alert users about their mistakes, and give them a chance to correct them. Those who fail to comply face legal action.

The NMO explained that these steps are taken to:

  • Keep social media safe and respectful
  • Prevent the spread of harmful or misleading content
  • Protect community values and ethics

In March, the NMO had already reminded users to follow the UAE’s principles of respect, tolerance, and coexistence when posting online. It warned that anyone breaking these rules will be held accountable under UAE law.

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