News

  Bloomberg A UnitedHealth group Inc unit has agreed to acquire Emis group Plc in an all-cash deal that values the UK health-technology company at about £1.24 billion ($1.51 billion). The companies said in a statement that Bordeaux UK Holdings II Limited, an affiliate of UnitedHealth’s Optum business in the UK, has agreed to buy Emis for 1,925 pence in ...

  Bloomberg SpaceX has fired “a number of employees” responsible for an open letter critical of the behavior of CEO Elon Musk, according to an internal memo, an unusual clash hinting at growing discord over the billionaire’s controversial comments. The open letter called Musk’s behavior and tweets “a frequent source of distraction and embarrassment for us, particularly in recent weeks.” The ...

Bloomberg Oil falls the most in 5 weeks as Federal Reserve Chair Jerome Powell reiterated his will to curb the hottest inflation in decades with more aggressive rate hikes. West Texas Intermediate dropped to near $110, shedding as much as 6.3%. Federal Reserve Chair Jerome Powell this week openly endorsed for the first time raising interest rates well into restrictive ...

  ABU DHABI / WAM The Ministry of Defence on Friday announced the launch of ‘Iron Defender 22’, an annual bilateral training event between the UAE naval forces and the US Naval Forces Central Command. Set to run until June 23, the joint exercise is aimed at exchanging military experiences to boost efficiency and combat readiness in carrying out operations, ...

  Abu Dhabi / WAM The UAE’s continued efforts to improve gender diversity in the boardroom have led to more women holding board positions this year (8.9 percent), up from 3.5 percent in 2020, according to research undertaken by Aurora50, a social enterprise working towards gender parity in GCC boardrooms, and Mohammed Bin Rashid School of Government. In a first-of-its-kind ...

  BOSTON / WAM The Department of Health – Abu Dhabi (DoH) has signed a Declaration of Collaboration with Sanofi, an innovative global healthcare company. Signed in Boston as part of the Abu Dhabi Life Science Mission to US, both parties seek to collaborate in four strategic healthcare priorities, including hematology and oncology, rare metabolic diseases, diabetes management and vaccines. ...

  DUBAI / WAM The real estate and properties transactions were valued at AED6.7 billion in total during the week ending Friday, June 17. The sum of transactions was 2,423, data released by Dubai’s Land Department (DLD) showed. The sales included 213 plots sold for AED1.03 billion, as well as 1,652 apartments and villas sold for AED3.8 billion. The top ...

  Abu Dhabi / WAM The UAE national airline Etihad Airways has confirmed it will return to London Heathrow’s Terminal 4 from June 22. Etihad is returning to Terminal 4 following a temporary home at Terminals 2 and 3 during pandemic. Transport connections, including the London Underground and Heathrow Express, will also reopen. The Etihad Lounge will also reopen for ...

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator, on Friday issued the Operating Licence for Unit 3 of the Barakah Nuclear Power Plant to Nawah Energy Company (Nawah), the Emirates Nuclear Energy Corporation’s (Enec) subsidiary responsible for the operation of the nuclear power plant located in the Al Dhafra region of ...

Abu Dhabi / WAM The UAE’s continued efforts to improve gender diversity in the boardroom have led to more women holding board positions this year (8.9 percent), up from 3.5 percent in 2020, according to research undertaken by Aurora50, a social enterprise working towards gender parity in GCC boardrooms, and Mohammed Bin Rashid School of Government. In a first-of-its-kind study ...