March, 2022

• 3 March

  Taqa recommends AED5.3b in total dividends for 2021

  

    ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) on Wednesday announced that it will recommend to its shareholders to approve a special dividend payment of AED2.2 billion (2.00 fils per share) in addition to the final payment of AED1.2 billion (1.10 fils per share). This comes on top of the AED1.9 billion (1.65 fils per share) already ...

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• 3 March

  Shuaa Capital prices $100m Spac on Nasdaq New York

  

    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 ...

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• 3 March

  Mubadala Health, BioIntelliSense partner to drive clinical workflow efficiencies

  

    ABU DHABI / WAM Mubadala Health, the integrated healthcare network of Mubadala Investment Company, has announced a strategic collaboration with BioIntelliSense, Inc, a continuous health monitoring and clinical intelligence company, to incorporate BioIntelliSense’s innovative remote care technologies with Mubadala Health’s continuous care model to drive clinical workflow efficiencies, unlock data-driven clinical insights and deliver a personalised care experience. Hasan ...

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• 3 March

  Emirates expands in northern region

  DUBAI / WAM Emirates has opened the doors of a new retail sales office in Fujairah, further expanding its presence in the Northern Region and offering more convenience to customers wishing to book their next trip. Located in Al Ghilaila Building, overlooking the Fujairah corniche, the new office was inaugurated by senior Emirates and dnata commercial and sales executives, in ...

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• 3 March

  Shuaa Capital prices $100m Spac on Nasdaq

  

    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 ...

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• 3 March

  FedEx Express breaks ground on new MEISA hub at Dubai South

    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 ...

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• 3 March

  Arada awards two contracts valued AED118m at Masaar

  

    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 ...

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• 3 March

  Dewa implements green hydrogen towards diversifying energy sources

  

    DUBAI / WAM Today, the world is witnessing an increasing demand to invest in clean and renewable energy sources, which will change the global energy scene in the next few years using environmentally friendly and relatively low-cost energy sources. In line with this global trend, green hydrogen for power generation and supporting development in several vital sectors is increasing. ...

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• 3 March

  UAE announces $5 million in humanitarian aid for Ukraine

  

  ABU DHABI / WAM The United Arab Emirates has announced $5 million in humanitarian assistance to benefit civilians impacted by the situation in Ukraine. The contribution is made to the United Nations’ Humanitarian Flash Appeal and the Regional Refugee Response Plan for Ukraine and is a reflection of the UAE’s emphasis on humanitarian solidarity in conflict settings. The UAE has ...

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• 3 March

  5,000 jobs for UAE nationals in banking, insurance sectors

  

  ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), chaired the meeting of the board, held on Wednesday in Qasr Al Watan. Sheikh Mansour welcomed the meeting’s participants and thanked the Central Bank of the UAE ...

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