Business & Management

ADQ and Chimera Investments join hands to launch UAE’s first SPAC on ADX

AdobeStock 492488583ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, a Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and international markets, have established ADC Acquisition Corporation PJSC (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC)

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Emirates Islamic introduces Emarati Business Account to support UAE national companies

AdobeStock 349422362Emirates Islamic, one of the leading Islamic financial institutions in the UAE and the preferred bank for UAE nationals has launched an Emarati Business Account, designed specifically to cater to the needs of UAE national companies

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Nahdi Medical Company opens its largest flagship pharmacy in the Kingdom in Riyadh

AdobeStock 139216104Nahdi Medical Company, Saudi Arabia’s largest retail pharmacy chain and leading healthcare provider announced the launch of the Kingdom’s largest Nahdi flagship pharmacy in Riyadh, Olaya District on King Fahad Road, near to Tahlia Street

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Bentley Systems announces acquisition of ADINA

AdobeStock 158956584Bentley Systems, the infrastructure engineering software company, has acquired Watertown, Massachusetts-based ADINA R & D Inc, a leading developer of finite element analysis software applications used in a comprehensively diverse range of engineering fields

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Egypt and Norway join hands to develop green projects across Africa

AdobeStock 71939419The Sovereign Fund of Egypt has signed a framework agreement with Norway’s government pension fund and Norwegian clean energy developer Scatec, to develop renewable energy and green hydrogen projects in nine African countries

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