News

Reuters Alexion Pharmaceuticals has agreed to buy Sweden’s Wilson Therapeutics for 7.1 billion Swedish crowns ($855 million), boosting its line-up of rare disease drugs as a wave of deal-making in the biotechnology sector continues. The US group is acquiring the business through a cash tender offer worth 232 crowns per share, a premium of 70 percent compared to the closing ...

Bloomberg US antitrust enforcers are set to conclude their case against AT&T Inc.’s proposed takeover of Time Warner Inc. as their economic expert — a critical witness for the government — is scheduled to take the stand on Wednesday. Professor Carl Shapiro from the University of California at Berkeley will testify that AT&T’s acquisition of Time Warner would raise costs ...

BERLIN / Reuters Volkswagen will give labour leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker’s new chief executive, sources said on Wednesday. Europe’s largest automotive group is poised to replace group chief executive Matthias Mueller this week with Diess, a cost-cutter hired in 2015 from BMW as ...

Cairo / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President of Egypt Abdel Fattah el-Sisi, discussed the fraternal relations between the two countries and ways to enhance them as well as the overall regional and international issues of mutual interest. This came when ...

Sharjah / WAM The Sharjah FDI Office, Invest in Sharjah, the investment promotion arm of the Sharjah government has unveiled that the emirate’s performance in attracting foreign direct investment (FDI), in various economic sectors, which has seen a sharp increase of 102 percent between 2016 and 2017, with FDI inflows worth AED5.97 billion last year as compared to AED920 million ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has welcomed the UAE Cabinet’s new Law on Equal Wages and Salaries for Men and Women to ensure that women have equal opportunities as partners in UAE’s development. ...

Abu Dhabi / WAM The Founder’s Memorial, a permanent national tribute commemorating the late Sheikh Zayed bin Sultan Al Nahyan, is set to welcome the public from Sunday, April 22. Established to celebrate Sheikh Zayed’s visionary leadership and vast influence on his country and the wider world, The Founder’s Memorial invites visitors to embark on a journey of discovery into ...

DUBAI / Emirates Business Global FX broker AxiTrader announced the official opening of a new office in Dubai. Regulated by the DFSA (Dubai Financial Services Authority) and fully staffed by a dedicated local team, the company is well positioned to continue its strong recent growth in the Middle East region. The launch of this latest operation, based in the Dubai ...

Abu Dhabi / WAM The Department of Transport (DoT), in Abu Dhabi has organised the ‘Unique Creations Bazaar’ in collaboration with Zayed Higher Organisation for Humanitarian Care and Special Needs, Enable Enterprise, Ministry of Community Development and Sharjah City for Humanitarian Services. The bazaar offered products made by the Determined Ones (people with disability) and provided them an opportunity to ...

Abu Dhabi / WAM The UAE has condemned the seizure of its civilian aircraft carrying millions of dollars by authorities in Somalia on Sunday. In a statement, the Ministry of Foreign Affairs and International Cooperation, said that the jet was seized at Mogadishu airport carrying $9.6 million in cash allocated to support the Somali army and trainees. The ministry added ...