Technology

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

Shares will be sold to qualified retail and professional investors in a public subscription in the UAE and listed on the Abu Dhabi Securities Exchange (ADX). (Image source: Adobe Stock)

ADQ, 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)

Emirates Islamic introduces Emarati Business Account to support UAE national companies

The new account builds on the bank?s ongoing commitment towards supporting the UAE?s SME sector. (Image source: Adobe Stock)

Emirates 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

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

The new pharmacy, spanning 2800 sq m, will be equipped with a wide spectrum of services enhancing guest convenience and access to care. (Image source: Adobe Stock)

Nahdi 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

Bentley Systems announces acquisition of ADINA

Civil, structural, and mechanical engineers choose ADINA software for its authoritative veracity, including in analysis of buildings, bridges, stadiums, pressure vessels, dams, and tunnels. (Image source: Adobe Stock)

Bentley 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

Egypt and Norway join hands to develop green projects across Africa

Egypt signed a US$5bn MoU with Scatec to develop a green hydrogen and green ammonia plant in the Suez Canal area. (Image source: Adobe Stock)

The 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