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Health

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Facebook bans major US anti-vaccine group

Meta spokesperson Aaron Simpson told AFP that the group's accounts at Facebook and Instagram were shuttered on Wednesday. The ban...
  • The Children's Health Defense (CHD), which has been a critic of Covid vaccines, immediately accused Meta of stifling its free speech rights
  • CHD said its social media accounts were followed by hundreds of thousands of people, and claimed the action by Meta came as a surprise

US acts to make hearing aids affordable

In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be...
  • At $5000 a pair, safe and effective and high quality hearing aids have been unaffordable for many Americans.
  • Children, as well as people with severe hearing loss, would still need a prescription.

Nearly 30 percent of Saudi residents exercise for 150 minutes a week

About 30 percent of Saudi residents practiced a physical activity for at least 150 minutes per week in 2021, compared...
  • Only 20 percent of residents exercised in 2019, according to the General Authority for Statistics (GASTAT).
  • 48.2 percent of the resident population practice activity for at least 30 minutes per week, an increase of 3.2 points compared to 2019 (45 percent).

Heatwave causes 1,700 deaths in Spain and Portugal, says WHO

The World Health Organization's European office has said the heatwave baking Europe has caused over 1,700 deaths on the Iberian...
  • WHO official says that exposure to extreme heat often exacerbates pre-existing health conditions
  • The international organization has called for joint action to tackle climate change

‘Bilateral ties strengthened with UAE President’s France visit’

The French Ambassador to the UAE, Xavier Chatel, described the first official visit to France of UAE President Sheikh Mohamed...
  • The French Ambassador to the UAE described the first official visit to France of UAE President as successful
  • Sheikh Mohamed bin Zayed Al Nahyan's visit underscores deep-rooted friendship between the two countries

UAE Federal Tax Authority carries out 9,500 inspections in H1 2022

The Federal Tax Authority expanded its efforts in collaboration with various government departments, ministries and authorities to protect consumers from...
  • During the first half of this year, the FTA carried out 9,948 inspection visits in local markets across the country
  • Inspections conducted H1 of 2022 increased by 104 percent compared to 4,878 inspections conducted H1 of 2021.

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

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...

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Saudi Arabia to produce 80-90% insulin domestically

"More than 200 essential medications have been identified, making up about 40 percent of the total purchases by government health...

Positive trial for Pfizer-BioNTech Covid-flu jab

Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined...

Saudi Arabia’s Ministry of Investment inks 3 MoUs at FII7

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
  • Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.
  • "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.

WHO transports Gaza aid to Egypt, waits for humanitarian access

Geneva, Switzerland - The World Health Organization said on Saturday enough basic health supplies to serve 300,000 people in the Gaza...
  • The WHO supplies include enough medicines to treat 1,200 wounded patients and 1,500 patients suffering from various diseases.
  • The supplies were ready to go in once humanitarian access could be established through the Rafah crossing from Egypt into the southern Gaza Strip.

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...
  • The agreement was signed on the sidelines of the 2023 World Bank and International Monetary Fund Annual Meetings in Morocco.
  • The US$20 million loan agreement aims to finance development projects in CAR, including the establishment of a 250-bed hospital.