标签: Africa

非洲

  • Takeover bid for Unikai fails after weak shareholder response

    Takeover bid for Unikai fails after weak shareholder response

    A significant corporate acquisition attempt in the Gulf food sector has concluded unsuccessfully as Kuwait’s Al Wafir for Marketing Services failed to secure adequate shareholder approval for its proposed takeover of Dubai-listed Unikai Foods PJSC. The voluntary conditional cash offer, which sought to obtain controlling interest in the prominent dairy and food producer, officially lapsed after falling substantially short of mandatory acceptance thresholds established under UAE securities regulations.

    Initiated in January 2026, Al Wafir’s acquisition strategy targeted between 50% plus one share and 51% of Unikai’s outstanding ordinary shares at an offering price of AED 6.60 per share. This ambitious move would have positioned the Kuwait-based marketing firm as the majority stakeholder in the established UAE food manufacturer. However, by the February 16th closing deadline, the bid had garnered acceptances representing merely 24.22% of Unikai’s total issued share capital—significantly below the minimum 50% plus one share requirement mandated for transaction completion.

    Notably, Al Wafir maintained no pre-existing equity position in Unikai and acquired no additional shares outside the formal offer mechanism during the specified period. Consequently, the total shares tendered remained unchanged at the closure of the offering window.

    According to regulations enforced by the UAE Securities and Commodities Authority, conditional offers automatically become void when minimum acceptance conditions remain unfulfilled. Unikai Foods confirmed the formal cancellation of the proposed acquisition, clarifying that no share transfers would occur and participating shareholders would not receive the proposed cash consideration.

    The unsuccessful takeover bid ensures Unikai’s continued operation as an independent publicly-traded entity with its current ownership structure intact. Industry analysts interpret this development as indicative of either shareholder dissatisfaction with the valuation offered or substantial confidence in Unikai’s autonomous growth trajectory within the competitive regional food market.

    Market observers note this outcome underscores the considerable challenges regional acquirers face when attempting to secure controlling positions in publicly-listed corporations without robust shareholder consensus. The failure simultaneously signals Unikai investors’ apparent preference for maintaining control amid current valuations or their anticipation of enhanced future performance.

    While terminating this specific acquisition attempt, financial experts suggest the outcome doesn’t preclude future strategic interest in Unikai, particularly given the expanding UAE food processing sector and increasing regional demand for branded consumer staples that continue to make established food producers attractive investment targets.

  • Personal branding emerges as a strategic priority for leaders in a trust‑driven global economy

    Personal branding emerges as a strategic priority for leaders in a trust‑driven global economy

    In an era defined by digital transparency and heightened global competition, personal branding has evolved from a peripheral consideration to a fundamental leadership competency. Across rapidly developing economies including the UAE and Saudi Arabia, executives are recognizing that their individual reputation, visibility, and authenticity now directly influence commercial outcomes alongside corporate strategy.

    According to Jürgen Salenbacher, personal branding strategist and founder of CPB LAB in Barcelona, “Trust has become the new currency of leadership.” This shift reflects broader market transformations where accelerated decision-making, globalized operations, and diverse stakeholder ecosystems demand greater transparency about who drives organizations, not just what they do.

    The strategic importance of executive visibility manifests in concrete business interactions. Investment discussions, partnership formations, and talent acquisition increasingly center on the public profile of founders and CEOs. This trend proves particularly significant in Middle Eastern markets where long-term relationships form the foundation of commercial culture. Leaders with well-developed personal brands experience accelerated access, enhanced credibility, and greater strategic influence.

    Contrary to superficial self-promotion, effective personal branding represents strategic clarity. Salenbacher emphasizes that “Leadership visibility is no longer optional. It is strategic infrastructure.” As organizations navigate transformations driven by artificial intelligence, generational succession, and regional expansion, consistent leadership communication reduces uncertainty for teams, markets, and stakeholders.

    This evolution demands a new approach to sustainability—not environmental, but reputational. “A sustainable personal brand is built on coherence, clarity and long-term consistency,” Salenbacher notes. “It is not about being loud. It is about being aligned.” In high-growth economies, executives must demonstrate alignment between their stated values and decisions, between their communication style and character, and between their ambitions and tangible contributions.

    The personal branding movement parallels broader shifts in global brand strategy. Just as successful corporations have transitioned from rigid messaging to ecosystem thinking, leaders must move beyond traditional corporate communications. Salenbacher describes this new reality: “Strategy is no longer projection. It is presence… It is dialogue… It is cultural intelligence.” In multicultural hubs like Dubai, where diverse markets intersect, executives must communicate across contexts while maintaining distinctive identity.

    Personal branding also integrates directly with business networking, which remains particularly crucial in Gulf economies where relationships operate as functional currency. Robust professional networks “reduce friction, accelerate opportunity and amplify credibility,” according to Salenbacher, who emphasizes that genuine influence stems from contribution rather than extraction. While difficult to quantify precisely, the impact is systemic: “A strong personal brand does not just increase visibility. It increases leverage. And leverage drives growth.”

    As the Middle East positions itself as a global laboratory for next-generation leadership, personal branding emerges as an essential component of business competitiveness—built not on superficial image, but on authentic identity, earned trust, and sustained credibility.

  • US civil rights leader Jesse Jackson dies at 84, family says

    US civil rights leader Jesse Jackson dies at 84, family says

    Reverend Jesse Jackson, the towering figure of America’s civil rights movement and one of the nation’s most influential African American voices, passed away peacefully on Tuesday at age 84, according to a family announcement. The Baptist minister’s six-decade career spanned from marching alongside Martin Luther King Jr. to pioneering presidential politics that paved the way for the nation’s first Black president.

    The Jackson family confirmed his passing without disclosing the specific cause, though the reverend had publicly disclosed his Parkinson’s disease diagnosis in 2017. Recent months had seen hospitalizations related to additional neurodegenerative conditions.

    In an emotional statement, Jackson’s family memorialized him as “a servant leader — not only to our family, but to the oppressed, the voiceless, and the overlooked around the world.” They urged supporters to “honor his memory by continuing the fight for the values he lived by” — justice, equality, and unconditional love.

    Jackson’s remarkable journey began in segregated Greenville, South Carolina, where he was born Jesse Louis Burns to a teenage mother in 1941. His self-described background — “I was not born with a silver spoon in my mouth. I had a shovel programmed for my hands” — fueled his determination to overcome racial barriers through education and activism.

    His civil rights career ignited in 1965 during the Selma-to-Montgomery marches, where he captured Dr. King’s attention. Jackson would later stand beside King during the tragic Memphis assassination in 1968. His activism evolved into political history-making when he became the most prominent Black presidential candidate until Barack Obama’s election, running twice for the Democratic nomination in the 1980s.

    President Obama acknowledged this legacy on social media: “We stood on his shoulders,” recognizing Jackson’s foundational role in making his own historic presidency possible.

    Beyond domestic activism, Jackson emerged as an international mediator, negotiating prisoner releases in Syria, Iraq, and Serbia while advocating against South African apartheid. He founded the Chicago-based Rainbow PUSH Coalition in 1996, continuing his social justice work through political activism and organizational leadership.

    Political figures across the spectrum offered tributes, from President Donald Trump’s description of Jackson as “a force of nature” to Vice President Kamala Harris’s characterization of him as “one of America’s greatest patriots.” Former President Joe Biden remembered Jackson’s “determined and tenacious” spirit in the ongoing fight to “redeem the soul of our Nation.”

    Jackson’s presence marked pivotal moments in racial justice history — from weeping at Obama’s 2008 victory to standing with George Floyd’s family during the 2021 trial. He is survived by his wife and six children, leaving a legacy that forever altered America’s political and social landscape.

  • Ramadan begins: UAE Awqaf announces Fajr, Iftar timings for the holy month

    Ramadan begins: UAE Awqaf announces Fajr, Iftar timings for the holy month

    The United Arab Emirates has officially confirmed the commencement of Ramadan 2026 following the successful sighting of the crescent moon on February 17. The Moon-Sighting Committee, convening at Qasr Al Hosn in Abu Dhabi, verified the astronomical event that marks the beginning of Islam’s holiest month.

    The UAE General Authority of Islamic Affairs & Endowments has released comprehensive prayer schedules for the duration of Ramadan. According to the announcement, February 18 will mark the first day of fasting for millions of Muslims across the Emirates. The atmosphere throughout the UAE was filled with anticipation as communities gathered to witness the celestial phenomenon that determines the Ramadan timeline.

    Regional synchronization sees several Gulf Cooperation Council nations aligning their observances. Saudi Arabia, Qatar, Kuwait, and Bahrain have concurrently confirmed February 18 as their Ramadan commencement date following successful moon sightings. However, Oman has declared a divergent start date of February 19 after its astronomical committee reported no visual confirmation of the crescent moon on February 17.

    The announcement triggers widespread adjustments across UAE society, from modified business hours to altered dining patterns and special spiritual activities. The holy month represents a period of intensified worship, reflection, and community bonding for Muslim residents, while also influencing the daily rhythms of the entire population regardless of faith background.

  • Ramadan 2026: These countries will begin holy month on February 18

    Ramadan 2026: These countries will begin holy month on February 18

    In a significant religious synchronization, numerous nations across the Middle East have collectively confirmed the commencement of Ramadan 2026 on February 18 following successful moon sightings on Tuesday evening. The holy month’s initiation was formally declared by religious authorities and governmental bodies across the region.

    The United Arab Emirates’ Moon Sighting Committee officially verified crescent visibility, setting February 18 as the inaugural day of Ramadan. Similar announcements echoed throughout the Gulf region with Saudi Arabia’s Supreme Court, Qatar’s religious authorities, and Kuwait’s official channels all confirming identical start dates.

    Bahrain’s news agency, Iraq’s governmental offices, and Yemen’s official sources simultaneously proclaimed Wednesday as the first day of fasting. Lebanon and Palestine joined the regional consensus, with Palestinian authorities confirming February 18th as their Ramadan commencement date.

    This synchronization demonstrates the remarkable astronomical alignment across these nations. Ramadan, the ninth month of the Islamic lunar calendar, represents one of the Five Pillars of Islam where observant Muslims abstain from food, drink, and other physical needs from dawn until sunset. The month holds profound spiritual significance for the global Muslim community, emphasizing prayer, reflection, and communal unity.

    The collective announcement facilitates regional harmony in religious observance, allowing millions of Muslims to begin their spiritual journey simultaneously. This coordination is particularly important for international families, businesses operating across multiple Muslim countries, and religious travelers seeking consistent observance schedules.

  • Gold fever hits South Africa after lucky find in cattle pen

    Gold fever hits South Africa after lucky find in cattle pen

    A spontaneous gold rush has erupted in the informal settlement of Gugulethu, east of Johannesburg, transforming a former cattle pen into a scene of frenzied excavation. The discovery of gold particles by a local resident several days ago triggered an influx of fortune seekers armed with pickaxes and shovels, all hoping to uncover valuable nuggets in the soil of this economically depressed region.

    Springs, once a prosperous mining town, faced economic collapse when formal mining operations ceased years ago due to the prohibitive depth and cost of extraction. Now, the area surrounding this ghost of South Africa’s golden era has become home to informal settlements populated largely by migrants from neighboring countries.

    Despite government warnings declaring the activities illegal and environmentally destructive, dozens of residents continue to sift through soil using dangerous chemicals like mercury and sodium cyanide to separate gold from ore. Several participants confirmed to BBC reporters that they had successfully sold findings on the black market, where a single gram of gold fetches approximately $100 – a substantial sum compared to South Africa’s monthly minimum wage of $368.

    The mining ministry has expressed grave concerns about ground instability caused by unregulated excavation, warning that nearby communities face “significant risk of injury or loss of life.” This development occurs against the backdrop of President Cyril Ramaphosa’s recent announcement to deploy military forces to combat illegal mining operations and criminal gangs nationwide.

    Many miners acknowledge the illegality of their actions but plead for official mining permits that would allow them to work legally and pay taxes. As one anonymous father of two explained, the desperate economic circumstances leave few alternatives for providing education and sustenance for his family.

  • The A/P Room opens gallery at Alserkal Avenue in Dubai

    The A/P Room opens gallery at Alserkal Avenue in Dubai

    Dubai’s vibrant cultural landscape has been enriched with the inauguration of The A/P Room, a groundbreaking permanent gallery at Alserkal Avenue. This new establishment, which launched with its inaugural exhibition ‘At First Sight’ running through March 29, 2026, represents a significant advancement in the regional appreciation and collection of design objects.

    Operating under Atelio—the region’s premier destination for design furniture, art advisory, and collectible design founded by prominent businessman and art patron Elie Khouri—The A/P Room emerges as a innovative cultural platform under the leadership of industry expert Christelle Bassila. The gallery uniquely bridges historical and contemporary design traditions while fostering connections between international and regional creative practices through carefully curated programming.

    The inaugural exhibition ‘At First Sight’ explores the intuitive connection between collectors and design objects, examining how works inhabit space, communicate through material language, maintain presence, and create lasting impressions beyond initial encounters. According to Bassila, ‘To collect is not only to acquire, but to learn how to see. What stays is what matters. What unfolds over time is what endures.’

    The exhibition showcases a carefully selected collection of sculptural and material-driven works from both established and emerging talents, including Rogan Gregory, Vincent Dubourg, Andrea Branzi, Faye Toogood, and regional creators such as Roham Shamekh and Georges Mohasseb. Historical design masters including Gio Ponti, Joaquim Tenreiro, and Jorge Zalszupin are also represented, creating a dialog across generations and geographies.

    Elie Khouri, Chairman of Atelio, emphasized the strategic importance of the location: ‘Opening The A/P Room at Alserkal Avenue places collectible design within the heart of Dubai’s cultural infrastructure. We are creating an environment where international designers and regional voices can be presented in dialogue, positioning the Middle East firmly within the global design conversation.’

    Ruggero Ottogalli, CEO of Atelio, added that the gallery reflects the company’s commitment to building a comprehensive cultural ecosystem for design in the region, creating new pathways for collaboration between designers, collectors, and cultural partners.

    The A/P Room’s expansion continues with plans to open a second location in Abu Dhabi during the fourth quarter of 2026, significantly extending its cultural influence and reinforcing its mission to shape the region’s design identity within the global creative ecosystem.

  • Easier than mocks: UAE students start CBSE board exams under new system

    Easier than mocks: UAE students start CBSE board exams under new system

    Thousands of Indian curriculum students across the UAE commenced their Central Board of Secondary Education (CBSE) examinations on Tuesday under a significantly transformed assessment framework. The inaugural mathematics paper for Grade 10 students marked the operational debut of CBSE’s redesigned examination system, which introduces biannual testing opportunities and earlier examination timelines.

    Educational institutions throughout the Emirates implemented comprehensive support measures to ensure seamless examination administration. Schools coordinated multifaceted preparations encompassing traffic management, specialized provisions for students of determination, and emotional support initiatives. At Shining Star International School, Principal Abhilasha Singh personally contacted students to offer encouragement, noting their predominantly excited and positive demeanor.

    The structural reform enables students to undertake examinations twice within the same academic year, with February tests being compulsory and May sessions optional. This departure from the previous single-attempt March examination schedule provides academic flexibility and reduces performance pressure.

    Parental responses reflected general satisfaction with the revised system. Dubai resident Lekha Justin reported her son found the mathematics examination substantially more manageable than mock tests, completing all questions with confidence. The earlier examination conclusion allows students extended decompression periods before advancing to Grade 11.

    Principal Bhanu Sharma of Woodlem Park School emphasized holistic development perspectives through pre-examination prayer sessions, advising students that while examinations are significant, long-term success hinges on resilience and work ethic cultivation. Concurrently, CBSE clarified regulatory parameters, specifying that absence from three or more February subjects disqualifies students from May examinations.

    As Grade 12 students prepare for upcoming physics examinations, contemporary preparation methodologies including live YouTube problem-solving sessions represent the evolving educational technology integration within examination preparation frameworks.

  • Australia out of T20 World Cup as Zimbabwe qualify after washout

    Australia out of T20 World Cup as Zimbabwe qualify after washout

    In a dramatic turn of events at the T20 World Cup, defending champions Australia suffered a shocking early elimination from the tournament following the complete washout of the Zimbabwe-Ireland match in Kandy on Tuesday. The abandonment due to persistent drizzle secured Zimbabwe’s progression to the Super Eight stage alongside Sri Lanka from Group B.

    The match at Pallekelle Stadium was called off at 5:30 PM local time after umpires determined no possibility of completing even a reduced five-over contest before the 6:10 PM cutoff. This outcome proved catastrophic for Australia’s campaign, as they required an Irish victory to maintain any chance of advancing. Instead, Zimbabwe reached an unassailable five points with one game remaining, while Ireland finished third with three points. Australia, stranded at two points with only their final match against Oman remaining, cannot mathematically overtake the Zimbabweans.

    Australia’s premature exit caps a disastrous tournament preparation and performance. The 2021 champions entered the competition weakened by the injury absences of premier pace bowlers Pat Cummins and Josh Hazlewood. Captain Mitchell Marsh missed the opening two matches after suffering testicular bleeding from a training incident. Additionally, the controversial exclusion of Test legend Steve Smith raised eyebrows, particularly given his excellent form in the Big Bash League and proven expertise against spin bowling.

    Zimbabwe captain Sikandar Raza celebrated his team’s underdog achievement while maintaining perspective. ‘We have come this far. We will celebrate but we have a game against Sri Lanka to come,’ Raza stated. ‘This is only a tick in the box and this is not the only thing that we set out for. Everyone loves an underdog story.’

    Ireland skipper Lorcan Tucker expressed profound disappointment with the nature of their elimination. ‘Obviously very disappointed to go out in this fashion, but completely uncontrollable,’ Tucker remarked, acknowledging that his team’s batting failures and dropped catches against Sri Lanka ultimately proved costly.

    Amid the disappointing weather, approximately two dozen vibrant Zimbabwean fans provided continuous entertainment, dancing and singing throughout the afternoon. Raza paid tribute to these supporters, noting: ‘I can tell you, whichever corner they’re sitting at, at any ground, they’ll be the loudest, and they have the songs. They just keep the vibe.’

    Zimbabwe now advances to face West Indies, India, and South Africa in the Super Eight phase, continuing their remarkable underdog journey in the tournament.

  • A crossroads season as former major champion Henrik Stenson eyes DP World Tour return

    A crossroads season as former major champion Henrik Stenson eyes DP World Tour return

    Golf icon Henrik Stenson stands at a pivotal juncture in his professional career as 2026 unfolds, with multiple competitive pathways emerging following his departure from LIV Golf. The former Open Championship winner (2016) and Dubai resident, now 49, finds himself contemplating a return to the DP World Tour while simultaneously preparing for his senior circuit debut.

    Stenson’s competitive future came into focus after he failed to retain LIV Golf playing privileges in 2025, finishing 52nd in the Individual Standings. The Swedish golfer, owner of 22 global professional titles including two DP World Tour Championship victories (2013, 2014) and the 2007 HERO Dubai Desert Classic, has reportedly settled fines exceeding £1 million for participating in conflicting events without required releases. This financial resolution, coupled with serving an undisclosed suspension, now clears his path for potential DP World Tour reinstatement.

    The veteran’s career trajectory took significant turns in recent years. His 2022 move to LIV Golf resulted in removal from Team Europe’s Ryder Cup captaincy for the 2023 matches, with Luke Donald assuming leadership and securing consecutive victories in 2023 and 2025. Questions remain regarding Stenson’s partial ownership of Majesticks GC, which he co-captained alongside Ian Poulter and Lee Westwood, and whether divestment would be necessary for full competitive return.

    Stenson’s competitive hiatus since August 2025 adds intrigue to his next appearance. Despite opportunities to regain status through January’s LIV Golf Promotions event or explore Asian Tour options, the golfer has maintained strategic flexibility. His seventh-place position on the DP World Tour’s all-time money list (Category 11a) guarantees tournament access, supplemented by potential sponsor invitations.

    April 5, 2026 marks a significant milestone as Stenson becomes eligible for senior competitions upon turning 50. He has already entered the Senior PGA Championship at The Concession Golf Club (April 16-19) and is expected to compete in the European Legends Tour event in Barbados beginning April 23. This opens possibilities for a global schedule blending DP World Tour events, senior tournaments, and major championships including The Open through his champion status.

    The evolving landscape of professional golf appears increasingly accommodating of players transitioning between tours, suggesting Stenson’s career decisions may benefit from more flexible governance approaches. As one of modern golf’s most accomplished competitors navigates this critical phase, the sporting world watches with anticipation regarding how the Swedish star will shape his competitive future.