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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Countries which transform food system can meet net-zero goals, says WEF report

DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...
  • Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.
  • The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.

Global conference on Pharmaceutical Technologies concludes in Dubai

DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded. The three-day event,...
  • The largest-ever edition of DUPHAT, the 2023 event brought together more than 1,100 exhibiting companies.
  • The event also discussed on how countries in the region can collaborate to enhance partnerships in the pharmaceutical industry.

AstraZeneca buys US firm CinCor

The acquisition has been finalized at $1.8billion.
  • The takeover marks the latest push by Astra chief executive Pascal Soriot to bolster the company's pipeline of new products.
  • Massachusetts-based CinCor focuses on developing treatments for hypertension and chronic kidney disease.

90% of people in China province infected with Covid: official

China is battling a surge in cases following its decision last month to lift years of lockdowns, quarantines and mass...
  • With a population of 99.4 million, the figures suggest about 88.5 million people in Henan may now have been infected
  • Beijing is determined to press on with its reopening, on Sunday lifting mandatory quarantine for all international arrivals

Abu Dhabi introduces Mobile BSL-3 Laboratory

ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has introduced the first of its kind mobile BSL-3 (Biosafety...
  • The BSL-3 mobile laboratory will enhance the UAE capital's infectious disease preparedness through swift, safe and accurate testing of communicable diseases.
  • The mobile laboratory will be accessible across four sites in Abu Dhabi.

France begins testing Chinese arrivals to track Covid variants

France joins other states including the United Kingdom, Italy and the United States in testing arrivals from China, four weeks...
  • As of Sunday, visitors from China must wear a mask and be prepared to submit to a test on arrival, which will be done at random
  • Then from Thursday travelers will also have to present a negative PCR or antigen test undertaken less than 48 hours before their flight

Morocco to forbid entry to travelers from China over Covid spread

the Moroccan foreign ministry said in a statement that authorities in the North African country "decided to forbid access to...
  • Nations, including France, Britain and Morocco's cross-strait neighbor Spain, have said they will require negative Covid tests for all travelers from mainland China
  • China said in December that it would end mandatory quarantine for people arriving in the country and that it had abandoned strict measures to contain the virus

DEWA encourages active lifestyle by organizing sporting events

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437...
  • DEWA sponsored and hosted three sports tournaments, and participated in several local sports events.
  • DEWA’s Sports Committee organized the DEWA Bowling Tournament 2022 and 120 employees participated in the event.

Concern over China Covid surge ‘understandable’: WHO

Hospitals across China have been overwhelmed by an explosion of infections following Beijing's decision to lift strict rules that had...
  • WHO chief Tedros Adhanom Ghebreyesus urged China to be more forthcoming on the pandemic situation in the country
  • His comments came after the United States joined several nations in imposing Covid tests on travelers from China

Antibiotics shortages hit nations as surging illnesses spur demand

Hospitals in many countries have come under pressure from a rising number of illnesses including what has been dubbed a...
  • But ramping up production of antibiotics has proved difficult for drug makers, particularly for cheap generic medicines that offer a slender profit margin.
  • Pharmaceutical companies who had cut back production because of the previously falling demand are now scrambling to meet skyrocketing orders, causing delays.

Pig kidney removed from US transplant patient, but she set record

Washington, United States - Doctors have had to remove the pig kidney implanted in an American woman after her body...

Company News

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PureHealth buys Circle Health

The deal signifies PureHealth’s operational capabilities.

Saudi team discovers genetic disorder, names it Alfadhel syndrome

RIYADH, SAUDI ARABIA - A team of Saudi researchers from King Abdullah Children's Specialist Hospital (KACSH) and King Abdullah International...

WHO urges pandemic plans as ‘painful’ Covid ends

Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after...

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Ultra-processed foods linked to obesity, heart disease, cancer and early death

In recent years, dozens of studies have found that people who eat lots of UPFs have a higher risk of...
  • Researchers warning of their dangers have called for taxation and even bans of products
  • However some nutrition experts have started to push back against such all-encompassing claims

Sidra Medicine, GlobeMed Qatar sign pact on medical services

DOHA, QATAR – Sidra Medicine and GlobeMed Qatar have signed an agreement to offer eligible insured members of payers contracted...
  • The insured members contracted with GlobeMed Qatar will have access to Sidra Medicine’s women’s and pediatric medical services.
  • This collaboration marks a significant step in offering insured members enriched healthcare experience in Qatar.

99 percent of world live in areas with air pollution levels above WHO guideline limits

DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...
  • Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.
  • Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.