DUBAI / WAM SHUAA Capital has announced the approval of two Mandatory Convertible Bond (MCB) tranches by its Board of Directors, with a total value of up to AED425.5 million. This marks the final step in SHUAA’s capital optimisation journey, reinforcing its strategic focus on delivering value to shareholders. The issuance remains subject to approvals from shareholders and regulatory authorities. ...

ABU DHABI/WAM The UAE Government has issued a Federal decree-law to regulate medical products, the pharmacy profession, and pharmaceutical establishments. The objectives include solidifying the UAE’s position as a globally trusted hub for pharmaceutical and medical industries, enhancing pharmaceutical security, and streamlining the development, approval, manufacturing, marketing, and distribution of medical products, all in adherence to international standards and competitive ...

AMMAN/WAM His Majesty King Abdullah II of the Hashimite Kingdom of Jordan on Friday reaffirmed Jordan’s support for Syria in building a free, independent, and fully sovereign state that fulfils the aspirations of all components of the Syrian people, Petra News Agency reported. In a phone call with French President Emmanuel Macron, His Majesty reiterated the centrality of Syria’s security ...