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Bloomberg Sanofi agreed to buy Belgium’s Ablynx NV for $4.8 billion, outbidding rival Novo Nordisk A/S to gain a potential blockbuster for a rare blood clotting disease. Paris-based Sanofi will pay 45 euros a share in cash for all outstanding shares of Ablynx, it said. The price is 48 percent above Novo’s unsolicited offer of as much as 30.50 euros ...

Bloomberg The euro area is set to start the new year the way it ended the old: the economy is strong but inflation is weak. The region’s fastest growth in a decade will be confirmed this week in a burst of data that should also show economic confidence at the highest since the currency bloc’s early days, unemployment at a ...

Bloomberg There’s nothing like $1.5 trillion in tax cuts to help make friends at a gathering of conservative political donors. Donald Trump is gaining ground with members to the Koch political network, after the president’s name was hardly mentioned when the deep-pocketed individuals last assembled seven months ago. At that time, the group was skeptical of the former New York ...

ABU DHABI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 7 percent rise in fourth-quarter net profit on Sunday, bolstered by a rise in net interest and Islamic financing income. The emirate’s second-largest bank by assets made a net profit attributable to shareholders of AED1.07 billion ($291.3 million) in the three months to December 31, compared to AED 1.0 ...

DAVOS / WAM Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Middle East and North Africa Regional Business Council (MENA-RBC) has taken part in a panel discussion titled ‘Going Digital in the Arab World’, highlighting innovative approaches and landmark initiatives being implemented by the UAE and other Arab countries to harness the benefits of the Fourth Industrial Revolution. The ...

DUBAI / WAM The Roads and Transport Authority (RTA) revealed that the number of taxi fare transactions recorded by the Dubai Taxi Corporation and franchise companies, and paid through NoL and credit cards in 2017 reached 2,213,234 transactions. The number reflects an increase of about 731% from the level of transactions clocked last year, which amounted to 266,330 transactions. Adel ...

DUBAI / Emirates Business His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, performed the funeral prayer at Al Mu’tareed Mosque in Al Ain, on the body ...

Abu Dhabi / WAM Sheikha Hessa bint Mohammed bin Khalifa Al Nahyan, mother of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, passed away on Sunday. The President receives condolence messages from UAE Rulers, world leaders and other prominent personalities on the passing away of his mother. Sultan bin Zayed His Highness Sheikh Sultan bin Zayed Al Nahyan, the ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), is hosting its first annual Data Protection Forum on Sunday, which coincides with the International Data Protection Day. During the forum, ADGM will sign a Memorandum of Understanding, MoU, with The National Commission for the Control of the Protection of Personal Data (CNDP), Morocco. The MoU will facilitate ongoing collaboration between ...

Abu Dhabi / WAM Ibrahim Ismail Fateh Ali Al Khaja, member of the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry and Chairman of the Professional Sector Committee at the Chamber, met Kazumasa Susaki, Director-General of the Tokyo SME Support Centre, and his accompanying delegation, where they discussed opportunities for cooperation between both the chamber and ...