March, 2022

• 18 March

  First SPAC listed by Hong Kong has slow start in trading debut

  

  Bloomberg Aquila Acquisition Corp, the first special purpose acquisition company to list in Hong Kong, had a slow debut on Friday as few investors are qualified to trade the shares. The SPAC closed 3.2% lower at HK$9.68 after a session marked by only a few trades. The firm backed by CMB International Asset Management and AAC Mgmt Holding raised about ...

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• 18 March

  UAE calls for peaceful, urgent solution to Ukraine conflict

  

    MOSCOW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Thursday with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, in Moscow. They discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership in various fields. They exchanged views on key developments and ...

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• 18 March

  Adnoc awards AED2.4b worth of deals to 5 local, global firms

  

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday the award of framework agreements valued at $658 million (AED2.4 billion) for cementing services as it continues to invest and enable drilling growth and expand its crude oil production capacity. The framework agreements were awarded to Haliburton Worldwide Limited Abu Dhabi (Halliburton), Baker Middle East (Baker), Emirates ...

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• 18 March

  UAE welcomes EU Council’s sanctioning of Houthi militias

    ABU DHABI / WAM The United Arab Emirates has welcomed the decision by the Council of the European Union to amend Regulation (EU) No 1352/2014, thereby adopting the arms embargo adopted by the United Nations (UN), which all UN Member States are required to implement under the UN Charter. The European Council decision cites the text of the UN ...

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• 18 March

  Emirates Steel’s exports expand to 56 int’l markets

  

    Abu Dhabi / WAM Emirates Steel recorded a nearly 50% increase over the past two years in the number of its export markets in Europe, America, Asia, and the Middle East and North Africa. The expansion of Emirates Steel’s export footprint to 56 countries in 2021 compared to 38 in 2019 is part of the company’s strategy to diversify ...

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• 18 March

  UAE, Bahrain discuss cooperation in land, maritime transportation

  

    DUBAI / WAM The UAE Ministry of Energy and Infrastructure and the Ministry of Transportation and Telecommunications of Bahrain discussed ways of strengthening their cooperation in land and maritime transportation. The discussion took place during their first meeting to monitor the progress of the land and maritime transport cooperation and the implementation of a memorandum of understanding (MoU) signed ...

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• 18 March

  Opec Fund okays $233mn in global development support

  

    VIENNA / WAM Support for economic recovery, new infrastructure funding and boosting food security are some of the highlights of the projects the Opec Fund for International Development has approved at the 179th session of its Governing Board in Vienna on Thursday. The $233 million in new funding will benefit public sector projects promoting sustainable development around the world. ...

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• 18 March

  Aldar invests AED4mn in Ma’an projects

    ABU DHABI / WAM Building on the success of the Atmah project, the region’s first Social Impact Bonds, the Authority of Social Contribution (Ma’an) announced an AED4 million investment by Aldar to be allocated to two Social Contracting projects. The new social investment contributions include AED2.7 million for family counselling services project by the Abu Dhabi Early Childhood Authority; ...

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• 18 March

  UAE, Russia discuss ways to enhance bilateral ties

  

  MOSCOW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Thursday with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, in Moscow. They discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership in various fields. They exchanged views on key developments and challenges ...

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• 18 March

  Emirates Steel sees 50% jump in number of its export markets

  

    Abu Dhabi / WAM Emirates Steel has recorded a nearly 50 percent increase over the past two years in the number of its export markets in Europe, America, Asia, and the Middle East and North Africa. The expansion of Emirates Steel’s export footprint to 56 countries in 2021 compared to 38 in 2019 is part of the company’s strategy ...

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