Search Site

Trends banner

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

UAE inks deal to make medications more affordable

1 min read
The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the cost of treatment of several diseases. Emirates News Agency
  • The MoU was signed by the Ministry of Health and Prevention of the United Arab Emirates (UAE)
  • It was inked with Janssen Pharmaceutical Companies of Johnson & Johnson, and healthcare consulting firm Axios

The Ministry of Health and Prevention (MoHAP) of the United Arab Emirates (UAE) has signed an appendix to the Memorandum of Understanding (MoU) to expand the scope of the Hand in Hand initiative, official sources have said.

The MoU was signed with Janssen Pharmaceutical Companies of Johnson & Johnson, and Axios, a global healthcare consulting firm, said the official sources.

The initiative aims to provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the cost of treatment of several diseases.

The ailments are pulmonary arterial hypertension, multiple myeloma, active ulcerative colitis, and psoriatic arthritis.

The MoU was first signed in December 2018, and about 712 eligible patients are said to have benefited from it.

In April 2019, an extension of the program was signed to provide new medication to patients with the aforementioned conditions.

The initiative covers drug support plans based on the assessment of non-Emirati patients who are uninsured or those whose medical insurance doesn’t cover the cost of the treatment.

It also includes sharing the cost with patients or the supporting body according to their ability to bear the costs of the treatment.