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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 ...

  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 ...

  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 ...

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 ...

Bloomberg Germany is debating whether to invite Prime Minister Narendra Modi to the Group of Seven summit it’s hosting in June, given India’s reluctance to condemn Russia for invading Ukraine, according to people familiar with the matter. Germany is set to include Senegal, South Africa and Indonesia as guests at the meeting in Bavaria, but India remains under consideration, the ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting, which was held at Qasr Al Watan Abu Dhabi. The meeting was attended by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  Dubai / WAM Peru’s Trade, Tourism, and Investment Office in the UAE and GCC, has lauded the country’s deepening ties with the UAE, following a bumper year in which the Latin American nation recorded $1 billion in total exports to the UAE. Export levels from Peru to the UAE have increased substantially in the past decade, reaching an aggregate ...

  NOUAKCHOTT / WAM The Emirates Red Crescent (ERC) has distributed Ramadan ration among residents of 40 villages in Trarza region, Mauritania. The initiative is in implementation of the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the follow up of HH Sheikh ...

  PARIS / WAM A delegation representing the UAE embassy in Paris has visited Dassault Aviation to discuss opportunities for joint cooperation and means to further develop ties between the two sides. The delegation, headed by Hend Al Otaiba, UAE Ambassador to France, met with Eric Trappier, Chairman and CEO of Dassault Aviation, who praised the existing partnership with the ...

  Bloomberg Benchmark European natural gas prices declined for a seventh consecutive session, with Russian flows to the continent continuing while the war in Ukraine grinds on. Orders for Russian gas shipments via Ukraine edged higher, but remained below capacity, while the Yamal-Europe pipeline continued to flow eastward to Poland from Germany. Gas transiting Russia’s main pipeline link to Europe, ...