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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.

Dubai Health Authority, Visa sign MoU to enhance health tourism

The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness...
  • Visa cardholders would be given exclusive discounts on medical services by by members of the Dubai Health Experience
  • The cardholders will be able to choose a range of medical services, book appointments and plan their treatment itineraries

PPP projects inject more vigor into Saudi healthcare

The Kingdom is stepping forward and allowing the private firms to invest in healthcare infrastructure, Sandeep Sinha, Head of Healthcare...
  • The Kingdom is seeing a rise in private investment in the industry with multiple forthcoming healthcare PPP projects
  • Improving access to quality healthcare and building a world-class infrastructure are crucial pillars of Saudi Arabia's Vision 2030

Israel to administer Covid vaccine shots to youngest children

Israel's health ministry approved Pfizer and Moderna Covid-19 vaccinations for its youngest children, an official said Tuesday, mirroring a move...
  • Argentina, Bahrain, Chile, China, Cuba, Hong Kong and Venezuela were previously offering Covid shots for children, but these did not include mRNA vaccines
  • All members of the expert panel agreed the vaccines were safe, with most of the panel "recommending to vaccinate at-risk babies and children

Largest Hajj of Covid era ready to begin in Mecca

The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less...
  • One million fully vaccinated Muslims, including 850,000 from abroad, are allowed at this year's hajj
  • Some pilgrims donned clothing featuring the names and flags of their countries

Horseshoe crab vital for vaccine safety

Their bright blue blood has been essential for testing the safety of biomedical products since the 1970s, when it replaced...
  • Around 10 percent of the population is lost each year  as their exposed undersides bake in the Sun.
  • Every year around 500,000 horseshoe crabs are harvested and bled for a chemical called Limulus Amebocyte Lysate, vital for testing against a type of bacteria.

Iraq battles with outbreak of cholera as it causes first death

A cholera outbreak in Iraq claimed its first victim Tuesday, with 17 new cases recorded in the country within 24...
  • Earlier this month, outbreak was first officially reported with Kirkuk accounting for one of the 13 cases confirmed at that time
  • The country's last broad cholera outbreak dates back to 2015, in which the central provinces of Baghdad and Babil was the worst affected

UAE’s EHS, Johnson & Johnson ink MoU on healthcare

Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced...
  • UAE''s EHS has signed a MoU with Johnson & Johnson to strengthen collaboration towards developing more advanced health services
  • The agreement will also strengthen collaboration in developing innovative hi-tech solutions to support the health sector in the country

Saudi Arabia to invest $3bn in vaccines, vital medicines industry

Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented...
  • Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented in several stages
  • The second phase, the minster said, will focus on localising immunological and cancer treatments technologies

Covid vaccines saved 20m lives in first year: Study

Covid vaccines prevented nearly 20 million deaths in the first year after they were introduced, according to the first large...
  • It is the first attempt to estimate the number of deaths prevented directly and indirectly as a result of Covid-19 vaccinations
  • The study used official figures or estimates when official data was not available for deaths from Covid, as well as total excess deaths from each country

China’s zero-Covid policy leaves a long trail of medical waste

Hazmat-suited workers poke plastic swabs down millions of throats in China each day, leaving bins bursting with medical waste that...
  • From Beijing to Shanghai, Shenzhen to Tianjin, cities are now home to an archipelago of temporary testing kiosks
  • Mass testing appears set to stay as Chinese authorities insist zero-Covid has allowed the world's most populous nation to avoid Covid spread

UNFPA and corporate partners drive reproductive justice in workplaces

Mariarosa Cutillo, UNFPA Chief of the Private Sector and Civil Society Branch, says businesses need to provide adequate maternal health...

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SFD to provide US$20m loan to Central African Republic for development projects

MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...

‘Broken in two’: Libya flood survivors grapple with mental health

Last month's flood was the latest catastrophe to strike the oil-rich North African country that has been wracked by war...

EU wants to renew herbicide glyphosate for next 10 years

BRUSSELS, BELGIUM - The European Commission is proposing to renew the use of the controversial and widely used herbicide glyphosate in...

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EIH buys stake in Al Ain Pharmacy

Move aligns with EIH's aim to diversify sources of investment.
  • The acquisition is vital for EIH as it seeks to strengthen its investment in healthcare through its subsidiary Health Plus Holding.
  • The move will help provide additional and sustainable value to investors and achieve the maximum return on investment.

WHO tells China to provide ‘full access’ to Covid investigators

GENEVA, SWITZERLAND - The head of the World Health Organization told the Financial Times he was ready to send a new...
  • WHO chief said he had already written to China asking "to give us information " and for the organization to send a team "if they allow us to do so".
  • He said WHO would not abandon its investigation and has called on China for transparency in sharing data and carrying out investigations.

California sues oil giants, alleges environment, climate-risks deception

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...
  • The suit follows numerous other cases brought by US cities, counties and states against fossil fuel interests over the impact of climate change.
  • The suit seeks the creation of an abatement fund to pay for future damages caused by climate disasters in California.