Latest news with #Ma'an
CairoScene
19-05-2025
- Health
- CairoScene
Free Health Screenings Initiative Launched in Abu Dhabi
The new initiative offers free cancer, diabetes, and heart screenings for basic insurance holders through a joint ADPHC–Ma'an effort. May 19, 2025 Abu Dhabi Public Health Centre (ADPHC) and the Authority of Social Contribution – Ma'an have signed an agreement to launch a fundraising initiative supporting early screening for cancer, cardiovascular disease, and diabetes among basic health insurance holders in the emirate. The initiative covers free screenings for cervical, breast, and colorectal cancers in women aged 40 to 75, and colorectal cancer in men of the same age group. It also includes early detection programmes for type 2 diabetes and heart disease risks. The agreement was signed at the 25th IUHPE World Conference on Health Promotion at ADNEC by Dr Rashid Al Suwaidi, Director General of ADPHC, and Engineer Abdulla Hamid Al Ameri, Director General of Ma'an. Fundraising will be led by Ma'an, while ADPHC will oversee implementation and service quality. The project aims to improve health outcomes for residents with limited insurance coverage and strengthen public-private collaboration in healthcare development.
Al Bawaba
18-05-2025
- Business
- Al Bawaba
Waha Capital Delivers Strong First Quarter Performance with Net Profit Attributable to Shareholders of AED 81 Million
Waha Capital PJSC, an Abu Dhabi-listed investment management company (ADX: WAHA), reported net profit attributable to shareholders of AED 81 million, translating to a return on average equity of 7.8%. This was supported by gains in the company's public markets business, value realisation from the Private Investments portfolio, and steady rental income from Waha Land. During the first quarter, the company's total income stood at AED 330 million, demonstrating an ability to deliver consistent earnings across market cycles through the balanced contribution of all three business pillars. The company's total assets under management (AUM) stood at AED 12.3 billion as of 31 March 2025, an increase of 2.9% from AED 11.9 billion at the end of 2024, supported by strong inflows of third-party capital into Waha Investment's funds. In recognition of Waha Capital's multi-year track record of achievement, the company was ranked among Forbes Middle East's Top 40 Asset Managers in 2025 for the fourth consecutive year. Meanwhile, Waha Capital continued to activate corporate social responsibility initiatives aligned with the United Nations Sustainable Development Goals, particularly SDG 1 (No Poverty) and SDG 2 (Zero Hunger). In collaboration with the Authority of Social Contribution - Ma'an, Waha Capital supported two impactful Ramadan initiatives aimed at helping underprivileged communities in Abu Dhabi and Al Ain. The Food ATM initiative provided subsidized Iftar meals for blue-collar and low-income workers, while the Nourishment for Goodness initiative supported low-income families through food basket distributions and the renovation of homes to improve living conditions. Waha Investment Highlights Waha Investment, the wholly owned asset management subsidiary of Waha Capital, recorded net profit of AED 91 million in the first quarter of 2025. This was supported by recurring fee income, as third-party AUM increased to AED 7.2 billion as of 31 March 2025 from AED 6.0 billion a year earlier. Today, third-party AUM is diversified across a broad base of regional and global clients, including sovereign wealth funds, pension funds, insurance companies, private banks, family offices, and high net worth individuals. The flagship Waha Emerging Markets Credit Fund, which pursues diverse long-short strategies in emerging markets fixed income, has now recorded a cumulative net return of 270.7% since its inception in 2012, in comparison to the 66.4% return of its benchmark, the JPMorgan EMBI Global Diversified Index. The Waha MENA Equity Fund has produced a cumulative net return of 383.3% since its inception in 2014, significantly outperforming its benchmark S&P Pan Arab Composite Index, which posted a return of 85.8% in the same period. Meanwhile, the Waha Islamic Income Fund, which is focused on global sukuk and Shari'ah-compliant equities, has recorded a cumulative net return of 29.0% since its inception in 2020, compared to 6.0% for its reference, the Dow Jones Sukuk Index. Private Investments Highlights The Private Investments business, which follows a flexible, multi-asset strategy across sectors and geographies, delivered net profit of AED 16 million in Q1 2025. This was primarily driven by the successful partial strategic exit from one of its investments. While the broader portfolio was affected by continued mark-to-market volatility across asset classes and regions, the underlying assets remain well-positioned to create value over the investment cycle. Waha Health, Waha Capital's wholly owned healthcare platform, reached a key milestone with the announced expansion of Orchid Fertility, one of Dubai's fastest-growing IVF clinics. The new, purpose-built facility, set to officially open on 21 May, reflects rising patient demand and the clinic's growing team of medical specialists. With a 71% success rate, well above the international average, Orchid embodies Waha Capital's strategy of investing in high-growth, high-impact sectors while supporting the UAE's ambition to develop a world-class healthcare ecosystem. As of 31 March 2025, the Private Investments team managed AED 628 million in assets and remains focused on disciplined capital deployment, opportunistic exits, and maximizing shareholder value through selective new investments and active portfolio management. Waha Land Highlights Waha Land, a wholly owned subsidiary of Waha Capital, reported net profit of AED 11 million in Q1 2025, representing 10% growth versus the same period last year. The company's flagship industrial development, ALMARKAZ, continues to benefit from strong leasing momentum and a diversified, high-quality tenant base, with occupiers from sectors including oil & gas, manufacturing, and logistics. Stages 1 and 2A are nearly at full occupancy, with almost 100% leasing across a combined 180,400 m² of space. Stage 2B, completed in Q1 2024, introduced an additional 75,600 m² of high-specification industrial units and has already reached 76% occupancy. Waha Land remains focused on unlocking further value from the ALMARKAZ platform, including evaluating potential monetization of income-generating assets. This strategy is aligned with rising market demand for logistics and light industrial facilities, supported by Abu Dhabi's economic diversification and the UAE's role as a growing hub for regional trade.
Al Bawaba
14-05-2025
- Al Bawaba
Jordan: Rocket of unknown origin falls in Ma'an
Published May 14th, 2025 - 06:10 GMT ALBAWABA - A military source in the General Command of the Jordanian Armed Forces - the Arab Army, announced that a rocket of unknown origin fell on Tuesday evening in Ma'an Governorate in the south of the Kingdom. Also Read Jordan forces arrest 5 for trying to sneak via northern border According to the source, the missile didn't cause any human or material damage in the desert area, Al-Mamlaka reported. The military source also indicated that the source of the missile has not yet been determined. However, he confirmed that security forces cordoned off the area, and a team from the Royal Engineering Corps was dispatched to deal with the missile debris to ensure the safety of Jordanian citizens. Necessary investigations have been initiated to determine who fired the missile and the circumstances of the incident. The source further asked people not to share false information regarding the incident and to rely on official news agencies or governmental sources. At the same time, the Israeli army announced intercepting a Houthi missile, which triggered sirens in the Jerusalem area early Wednesday morning. © 2000 - 2025 Al Bawaba (
Sharjah 24
02-05-2025
- Business
- Sharjah 24
UAE, Iraq explore strengthening trade partnerships
The Forum was organized by the Federation of UAE Chambers of Commerce and Industry , in cooperation with the UAE Ministry of Foreign Affairs (MOFA) and the Federation of Iraqi Chambers of Commerce, on the sidelines of the Iraqi trade delegation's visit to the UAE from May 1 to 2. The Forum opened with a welcome address delivered by Abdullah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI). He emphasized the commitment of the chambers of commerce, private sector representatives, and companies to supporting and strengthening trade and investment cooperation between the UAE and the Republic of Iraq. He also highlighted the role of the pioneering 'Ma'an (Together)' initiative launched by the Federation of UAE Chambers of Commerce and Industry and the International Development Bank (IDB)-UAE, as an essential platform facilitating business connectivity and investment flows between the two brotherly countries. For his part, Dr. Muzaffar Mustafa Al-Jubouri, Ambassador of the Republic of Iraq to the UAE, praised the strong ties of fraternity and cooperation between the two countries. He stressed the need to strengthen economic partnership and expand the horizons of trade and investment cooperation between Iraq and the UAE in an aim to support sustainable development and economic prosperity. He also commended the UAE's advanced economic environment and its potential as a catalyst for supporting Iraq's development initiatives. During the forum, Dr. Khalifa Al Raisi representing the Department of Economic and Commercial Affairs at the UAE Ministry of Foreign Affairs delivered an introductory presentation under the theme 'Invest in the UAE – Invest in the Future.' The presentation outlined the key investment incentives and advantages in the UAE, the robust legal and regulatory landscape, and the country's growing diversification across non-oil sectors. Over 170 leading companies from the UAE and Iraq took part in the forum, during which more than 250 B2B meetings were conducted across a wide range of sectors, including real estate, construction, tourism and hospitality, energy and renewables, logistics, healthcare, and artificial intelligence. The event also featured bilateral meetings between participating chambers of commerce. In conjunction with the Iraqi trade delegation's visit to the UAE, the UAE-Iraq Business Council convened its first official meeting. The session was co-chaired by Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers, and Ahmed Waleed Ahmed on behalf of the Iraqi side. Humaid Ben Salem expressed his pride and warm welcome at the convening of the first meeting of the UAE-Iraq Business Council, which was attended by more than 45 entrepreneurs and business leaders from both the UAE and the Republic of Iraq.
Zawya
02-05-2025
- Business
- Zawya
Second UAE-Iraq Business Forum explores strengthening trade partnerships between the two countries
Dubai/ UAE Chambers, The second UAE-Iraq Business Forum kicked off yesterday, Thursday, at the Sheraton Dubai Creek Hotel. The Forum was organized by the Federation of UAE Chambers of Commerce and Industry, in cooperation with the UAE Ministry of Foreign Affairs (MOFA) and the Federation of Iraqi Chambers of Commerce, on the sidelines of the Iraqi trade delegation's visit to the UAE from May 1 to 2. The Forum opened with a welcome address delivered by H.E Abdullah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI). He emphasized the commitment of the chambers of commerce, private sector representatives, and companies to supporting and strengthening trade and investment cooperation between the UAE and the Republic of Iraq. He also highlighted the role of the pioneering 'Ma'an (Together)' initiative launched by the Federation of UAE Chambers of Commerce and Industry and the International Development Bank (IDB)-UAE, as an essential platform facilitating business connectivity and investment flows between the two brotherly countries. For his part, Dr. Muzaffar Mustafa Al-Jubouri, Ambassador of the Republic of Iraq to the UAE, praised the strong ties of fraternity and cooperation between the two countries. He stressed the need to strengthen economic partnership and expand the horizons of trade and investment cooperation between Iraq and the UAE in an aim to support sustainable development and economic prosperity. He also commended the UAE's advanced economic environment and its potential as a catalyst for supporting Iraq's development initiatives. During the forum, Dr. Khalifa Al Raisi representing the Department of Economic and Commercial Affairs at the UAE Ministry of Foreign Affairs delivered an introductory presentation under the theme 'Invest in the UAE – Invest in the Future.' The presentation outlined the key investment incentives and advantages in the UAE, the robust legal and regulatory landscape, and the country's growing diversification across non-oil sectors. Over 170 leading companies from the UAE and Iraq took part in the forum, during which more than 250 B2B meetings were conducted across a wide range of sectors, including real estate, construction, tourism and hospitality, energy and renewables, logistics, healthcare, and artificial intelligence. The event also featured bilateral meetings between participating chambers of commerce. In conjunction with the Iraqi trade delegation's visit to the UAE, the UAE-Iraq Business Council convened its first official meeting. The session was co-chaired by Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers, and Ahmed Waleed Ahmed on behalf of the Iraqi side. Humaid Ben Salem expressed his pride and warm welcome at the convening of the first meeting of the UAE-Iraq Business Council, which was attended by more than 45 entrepreneurs and business leaders from both the UAE and the Republic of Iraq.
