Bloomberg Special purpose acquisition companies (SPAC), once a last resort for owners looking to exit an investment, have become a popular choice for private companies spooked by the swings in the regular IPO market. This helped lead SPAC volumes to their best year yet with a range of top dealmakers from private equity firm TPG to banker Michael Klein getting ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (Rakez) has become the first entity to support Ras Al Khaimah’s Energy Efficiency and Renewables Strategy 2040. With its upcoming developments, the economic zone has committed to complying with Barjeel, the green building regulations of the emirate, which will soon be mandatory to all building constructions. Currently, Rakez is ...

Dubai / Emirates Business Deyaar Owners Association Management (DOAM), a subsidiary of Deyaar Development (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced the addition of 1,849 new units, with a saleable area of 1.7 million square feet, to its portfolio throughout the year, increasing the number of units the company now oversees to more than ...

SHARJAH / WAM The Sharjah Documentation and Archiving Authority (SDAA), approved an integrated classification system to manage and preserve document and data privacy of Sharjah International Commercial Arbitration Centre (Tahkeem). The system sets the retention periods for Tahkeem’s files and determines their final status in accordance with best international standards and practices, the SDAA explained in a statement. The new ...

ABU DHABI / WAM Masdar on Wednesday announced “The Improvers” as the winning team of its Ecothon Plus competition, which is held under its Future Sustainability Leaders programme. Hosted in collaboration with the Emirates Red Crescent, the teams competing in the Ecothon Plus competition were tasked with providing energy-efficient solutions for the UAE-Jordanian Refugee Camp in Marajeeb Al Fhood, Jordan. ...

Dubai / WAM The Director-General of Dubai Customs Ahmed Mahboob Musabih has held a meeting with Adamu Aba Bajnan, Consul-General of Benin in Dubai. The two discussed means of boosting bilateral trade and customs cooperation between Benin and Dubai. “It’s very important for us to boost ties of partnership with Beninese diplomatic missions and businesses. We have priorities which include ...

NUR-SULTAN / WAM Nursultan Nazarbayev, First President of Kazakhstan, has received Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. During the meeting, which took place at Nazarbayev’s palace in the Kazakh capital, Nur-Sultan, both sides discussed bilateral ties, which have witnessed significant development in recent years, particularly following signing of a mutual visa exemption agreement for citizens ...

Bloomberg President Donald Trump said that if North Korea tests intercontinental ballistic missiles, the US will “deal with it.” “I handle them as they come along,” Trump told reporters at his Mar-a-Lago club in Palm Beach, Florida. North Korea had long suggested it would use the end-of-year holiday season to deliver a “Christmas gift” to the US after demanding Washington ...

Bloomberg Burkina Faso said the army killed 80 militants in a two-pronged attack on a military post and the northern town of Arbinda, the latest deadly incident in an ongoing battle between the West African country and an extremist insurgency. Ground troops and fighter jets pursued the assailants following an intense battle that lasted several hours near the border with ...

Bloomberg President Donald Trump said he’s in a “very good position” in advance of an impeachment trial in the Republican-led Senate, and that Majority Leader Mitch McConnell can do “whatever he wants.” “We have the majority,” Trump told reporters at his Mar-a-Lago resort in Palm Beach, Florida. “And it’s up to Mitch McConnell.” He praised the Kentucky Republican as a ...