DUBAI / WAM Shuaa Capital, asset management and investment banking platform in the region, on Wednesday announced the successful pricing of the initial public offering (IPO) of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10.00 per unit. The $100 million Special Purpose Acquisition Company (Spac) will be listed on NASDAQ Global Market (Nasdaq) and will start trading ...

  DUBAI / WAM FedEx Express, a subsidiary of FedEx Corp and the world’s largest express transportation company, broke ground on Wednesday on its new regional air and ground hub for the Middle East, Indian Subcontinent and Africa (MEISA) region at Dubai South Logistics District. The ceremony was attended by executives from Dubai South and FedEx Express. With a completion ...

  SHARJAH / WAM Arada has announced the award of two contracts together valued at AED118 million at Masaar, the AED8 billion forested megaproject located in the Suyoh district of Sharjah. Both contracts will develop the infrastructure and landscape for two areas of Masaar; the central precinct around the Masaar Experience Centre, which will host several visitor attractions, and the ...