News

Bloomberg Bayer AG and Johnson & Johnson’s blood-thinning drug Xarelto didn’t prevent clotting in high-risk patients after they were released from the hospital, a setback for one of the manufacturers’ best-selling drugs. About 12,000 medically ill patients at increased risk of blood clotting took part in the trial, known as the Mariner study. The results were presented at the European ...

Bloomberg Elon Musk’s stunning tweet that he wanted to take Tesla Inc. private and had funding secured was a classic Musk moonshot — given credibility only by the sense that if anyone could possibly pull such a brazen feat, he was the guy. The initial scoffing after that August 7 post gave way to hiring of bankers to a board ...

ABU DHABI / WAM Abu Dhabi City Municipality (ADM), in collaboration with Abu Dhabi Islamic Bank, has issued the first digital mortgage certificate worldwide making the UAE the first country in the world to offer digital real estate services through a smart services hub. The step culminates the upsurge in the digitalisation of services advocated by the Department of Urban ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has announced that it had made electric power saving as much as 12.6 Gigawatt-Hour (GW/h) in 2017, in addition to reducing carbon emissions by 5,430 tons. Making such savings contributes to realising RTA’s strategic objective of nurturing a sustainable environment through saving power consumption. “A plan has been endorsed to replace ...

DUBAI / WAM The UAE Ministry of Climate Change and Environment (MOCCAE) signed a Memorandum of Understanding (MoU) on Sunday, with Etihad Energy Services Company, to bolster the principles of sustainability in the public and private sectors. In the presence of Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, the MoU was signed by Saif Mohamed AlShara, ...

RAS AL KHAIMAH / WAM Julphar has signed an agreement with leading global medical technology company BD (Becton, Dickinson and Company) to supply disposable insulin pens in the UAE. BD develops innovative technologies, services and solutions that help advance both the clinical process for healthcare providers and clinical therapy for patients, including a wide variety of insulin delivery devices for ...

Bloomberg China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed and a rebound in crude prices brought its oil and gas exploration unit closer to breaking even. Net income gained to 42.4 billion yuan ($6.2 billion) in the first six months from 27.9 billion a year earlier, the world’s ...

DUBAI / Emirates Business Rapid digitalisation and disruption are changing the dynamics of the global Islamic economy and creating new challenges and opportunities for the sector, according to industry experts who will share their insights at the Global Islamic Economy Summit (GIES) 2018 in Dubai. The fourth edition of GIES will be held October 30-31 in Dubai under the patronage ...

DUBAI / Emirates Business Amanat Holdings, the GCC’s largest healthcare and education investment company, announced it has acquired a majority stake of 69.3% in the Royal Hospital for Women in Bahrain for AED141.7 million. The acquisition is in line with Amanat’s investment criteria to acquire high quality assets where it can generate long-term sustainable value. It takes Amanat’s total investments ...

DUBAI / WAM Senior officials from Emirates Islamic visited the Expo 2020 Dubai site in the Dubai South District, where they met members of the Expo 2020 Dubai team and were updated on the preparations for the milestone event. As Islamic Banking Partner of Expo 2020 Dubai, Emirates Islamic is aligned with Expo 2020 theme of “Connecting Minds, Creating the ...