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Bloomberg Private equity firm EQT AB has made an offer to take over Swedish pharmaceuticals company Recipharm AB in a deal valued at about $2.1 billion. EQT is offering shareholders 220 kronor in cash per share, compared to Friday’s closing price of 179 kronor. It’s also proposing to give holders of Recipharm’s senior unsecured convertible bonds 1.43 billion kronor in ...

Bloomberg US tech giants are bracing for new laws that could force sweeping changes to how they operate in Europe, with significant fines or, in extreme cases, orders to break up the worst offenders. The new Digital Markets Act, set to be proposed by the European Union on Tuesday, targets so-called gatekeeper companies, platforms with the power to control distribution ...

Bloomberg Hospitals are going into overdrive in the final hours before they receive the first US shipments of Pfizer Inc. and BioNTech SE’s Covid-19 vaccine, ensuring they are ready for the final payoff from months of planning. “It’s very exciting,” Fran Hixson, director of clinical quality at Chesterfield, Missouri-based Mercy Health, said in an interview. “We’ve learned along the way ...

ABU DHABI / WAM Dr Abdulla Al Mandous, Director of the National Centre of Meteorology and President of the Regional Association II (Asia) of WMO, reiterated that the UAE has established itself as a top global destination for prominent international events serving various sectors. As part of its continued commitment to addressing the pressing issues directly impacting the lives of ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) on Sunday announced the results of the UAE’s 1st National Health Account (NHA) 2017, which was carried out in collaboration with the World Health Organisation (WHO) and relevant health and government authorities. The results were announced during a virtual media briefing held in presence of Dr Hussain Abdul Rahman Al ...

DUBAI / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a Memorandum of Understanding (MoU) with Pipeline Business Growth Services (Pipeline), a Dubai-based company specialised in the development of entrepreneurship services, to jointly support and promote SME growth and sustainability. The MoU was signed by Saeed Matar Al ...

ABU DHABI / WAM The Muslim Council of Elders, under the Chairmanship of His Eminence Dr Ahmed el-Tayeb, the Grand Imam of Al-Azhar, has announced the launch of the ‘Hokama Peace Academy’ as part of its continued commitment to spreading the values of tolerance, peace and coexistence among the next generation of academics, scholars and leaders. The inaugural edition of ...

DUBAI / WAM In a landmark agreement, the export credit agencies of UAE and Israel have signed a cooperation agreement to develop economic relations between the two countries, broadening the export financing possibilities for their exporters. Etihad Credit Insurance (ECI), the UAE Federal export credit company, and The Israel Foreign Trade Risks Insurance Corporation (ASHR’A) have agreed to jointly create ...

ABU DHABI / WAM The Government of the United Arab Emirates and the Government of Kingdom of Thailand signed a mutual visa waiver to facilitate the issuance of visas to the citizens of the two countries. Under the agreement, citizens of the UAE holding diplomatic and special passports are exempt from entry visas to the Kingdom of Thailand, noting that ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), for the second time, has won Gold for Government Sector in the Dubai Human Development Award 2020. This new achievement shows Dewa’s commitment to providing a positive and inspiring working environment. It also shows Dewa’s efforts to invest in its human resources to achieve the highest standards of excellence and efficiency. ...