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ABU DHABI / Emirates Business For centuries women have been struggling to prove their worth in the male dominated pharmaceutical world, however, the women workforce at Takeda – a global, research and development-driven pharmaceutical company have made significant strides in both management and junior roles. The company has witnessed a great number of fantastic female leaders who not just hold ...

Bloomberg Oil risks sliding back under $60 a barrel as a surge in US shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV. While the producer group complied with a pledge to curb output and ease a glut in 2017, US flows that are gaining a bigger slice of the prized ...

DUBAI / Reuters Egypt plans to award the tender for a high-speed railway between the Red Sea and the Mediterranean in the second half of 2018, transport minister Hisham Arafat said on Monday. The project will connect the eastern resort of Ain al-Sokhna to El Alamein, a town west of Alexandria that was scene of a battle in World War ...

Bloomberg An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue. While energy producers have cooperated and complied with requirements to publish payments, the Nigeria Extractive Industries Transparency Initiative has struggled with the state-owned Nigerian National Petroleum Corp., Waziri Adio, ...

BAGHDAD / Reuters Iraq’s oil ministry on Monday said the nation would reduce its petroleum products imports by 25 percent as crude oil refiner­ies are being rehabilitated following fighting with IS militants. Iraq is also producing more oil products by processing natural gas liquids, Oil Minister Jabar al-Luaibi said in a statement, without indicating a specific timeframe for the import ...

DUBAI / Reuters Saudi’s Water & Electricity Co (WEC) invited proposals to develop Jubail Phase 3, an integrated water desalination and power plant in the country’s Eastern Province, according to a tender posted on its website. The project, which an industry source estimated to be worth about $5bn, is expected to generate 1.17mn cubic metres of water per day and ...

Bloomberg Grab, the dominant ride-hailing service in Southeast Asia, is close to finalising a deal to acquire Uber Technologies Inc.’s business in the region and may sign a deal this week or next, according to people familiar with the matter. Under terms of the proposed agreement, Grab would buy out Uber’s operations in certain markets in Southeast Asia and Uber ...

Bloomberg Singapore Exchange Ltd. is stepping up efforts to bring technology companies to its market. The bourse last year proposed allowing dual-class shares, a structure favored by tech founders because it lets them keep control after going public. Now SGX wants to loosen some of the recommended restrictions it planned to impose on dual-class listings, such as a minimum market ...

Bloomberg Billionaire Paul Singer’s Elliott Management Corp. has bought a stake in Wipro Ltd., its first ever purchase of an Indian-based software outsourcer. The New York hedge fund acquired 1.855 million American depositary receipts, or about 0.04 percent of Wipro’s share capital, according to a filing with the US Securities & Exchange Commission. Though tiny when compared with Elliott’s stake ...

Bloomberg Blackstone Group LP says it’s found the formula for making money in India, which has become its top-performing market globally after the firm began focusing on bigger buyout deals. Over the past few years, Blackstone has started concentrating on select sectors like consumer and information technology where it expects India to see the most wealth creation, according to Senior ...