April, 2022

• 13 April

  ADQ, Chimera Investments to launch UAE’s first Spac on ADX

  

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and international markets, announced on Tuesday they have established ADC Acquisition Corporation PJSC (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC). ADC plans to raise AED367 ...

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• 13 April

  Dubai Chamber highlights key CSR, sustainability achievements

  

    Dubai / Gulf Time Dubai Chamber of Commerce has released a new report highlighting its key CSR achievements in 2021, as well as the outcome and impact of campaigns, initiatives, events and activities it organised during the year, which relate to community, environment, workplace and marketplace. In 2021, Dubai Chamber of Commerce organised a Sustainability Week campaign on celebrating ...

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• 13 April

  Department of Health in Abu Dhabi joins coalition to revolutionise cancer care

  

    Abu Dhabi / WAM The Department of Health – Abu Dhabi joined forces with “Accelerating Change Together (ACT) for Cancer Care”, a global coalition which seeks to revolutionise how cancer is being diagnosed and treated for better patient outcomes and more resilient healthcare systems. Along with Abu Dhabi based entities and AstraZeneca, ACT aims to accelerate change for equity ...

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• 13 April

  Meta supports 1 Billion Meals initiative

    DUBAI / WAM Meta has announced its support to the 1 Billion Meals initiative, the largest food donation drive of its kind in the region. Marking the holy month of Ramadan as the #MonthofGood, Meta will launch the #MealsForReels campaign across the Mena region and beyond, a charitable movement in which Meta platforms and its content creators will celebrate ...

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• 13 April

  Dubai’s luxury home market to continue its golden run in 22’

  

    Dubai / Gulf Time Dubai’s luxury home market is poised to thrive and continue the high momentum in 2022 as it is supported by rising demand and interest from the international elite, according to Zoom Property Insights. The real estate consultancy said post Expo landscape looks bright for the emirate’s luxury home market as it is brimming with new ...

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• 13 April

  Dewa, Transco to raise UAE’s water security

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) and Abu Dhabi Transmission and Despatch Company (Transco), a subsidiary of Abu Dhabi National Energy Company (Taqa Group), will install three interconnections that can transfer 117 MIGD to different areas in Abu Dhabi and Dubai, supporting reliable water supplies to customers across the nation. The move reinforces a shared national ...

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• 12 April

  Eskom scrutinising emergency power contracts as cuts ongoing

  

  Bloomberg South Africa’s Eskom Holdings SOC Ltd is scrutinising contracts to buy power from a government program for private developers to quickly bring on board additional generation. The state-owned utility started scheduled power cuts for the first time in almost a month, cutting 2,000 megawatts from the grid. That was due to breakdowns that affected a range of units, including ...

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• 12 April

  European natural gas prices edge higher

    Bloomberg European natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine expected to fall. Orders dropped to about 68% of the amount that Gazprom PJSC can send under its transit contract. The Russian company reiterated that flows were in line with requests from customers. Supplies through another pipeline, the Nord Stream, were near ...

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• 12 April

  China slashes LNG purchases on high prices, virus slowdown

  

  Bloomberg China is slashing liquefied natural gas (LNG) purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand. Imports in the first quarter fell 14% from the same period last year, according to shipping data, and private companies are spurning offers to use once-highly coveted slots at state-owned receiving terminals. Consultancy Wood Mackenzie Ltd said it ...

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• 12 April

  Ukraine war’s weapon may be a cell phone!

  

  As the war in Ukraine pushes well into its second month, much of the outcome thus far — including Russian failures in executing their battle plans — is the result of logistics. Moscow has struggled abysmally to get gasoline, ammunition and food to its frontline troops. On the Ukrainian side, the flow of weapons and other materiel from the North ...

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