News

Bloomberg GlaxoSmithKline Plc and Reckitt Benckiser Group Plc are the only companies to have submitted non-binding bids for Pfizer Inc.’s consumer business after rival candidates walked away, according to people familiar with the matter. Pfizer plans to open a data room for Glaxo and Reckitt to start due diligence on the assets before submitting final offers in the next few ...

Bloomberg The European Union may be willing to discuss residency rights for EU citizens arriving in the UK after Brexit, a senior EU official said, in what could signal a less rigid approach from the bloc ahead the separation talks in Brussels. While the EU won’t accept an end to the freedom of movement during the transitional period after March ...

Bloomberg Apple Inc. said a “small percentage” of iPhone 7 smartphones may experience a component failure that makes it appear the phone isn’t connected to cellular networks even when service is available. Apple said it would repair affected devices at no charge. The units were sold from September 2016 to February 2018 in China, Hong Kong, Japan, Macau and the ...

Bloomberg The US labour market began 2018 on a strong note as Americans saw wage gains accelerate amid better-than-expected hiring, raising hopes that a long-overdue pickup in worker pay is finally in train. Nonfarm payrolls rose 200,000 in January, exceeding the median estimate of economists for a 180,000 increase, Labor Department data showed, as the jobless rate held at a ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the Mohammed bin Rashid Space Centre (MBRSC) to inspect the progress of the KhalifaSat project. KhalifaSat is the first satellite to be fully built by Emirati engineers, an achievement that highlights the UAE’s growing expertise in ...

DUBAI / WAM The Dubai Health Authority (DHA) announced that its preparations to provide the highest levels of healthcare services for Dubai’s Expo 2020 are on the right track. The authority revealed that its preparations are going as planned in line with the country’s vision and Dubai’s strategy and as per the required standards of Expo 2020 Hig- her Preparatory ...

Abu Dhabi / Emirates Business Gulf Printing and Packaging, a subsidiary of Al Khat Packaging Co., one of the largest producers of printing and packaging materials in the GCC region, officially inaugurated its new UAE base in Khalifa Industrial Zone of Abu Dhabi (KIZAD). With an investment of AED 100 million, the new facility is located in the heart of ...

Abu Dhabi / WAM Belarus’ President Alexander Lukashenko has appreciated the remarkable role played by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in the release of Belarusian citizen Vyachesav Kachura who had been under detention in Libya since 2011. In a message to HH Sheikh ...

SHARJAH / WAM Air Arabia on Saturday announced the launch of its inaugural flight to Moscow’s Sheremetyevo International Airport, adding a second route for travel to the Russian capital. The inaugural flight landed in Sheremetyevo International Airport on Thursday, February 1, at 13:35 local time led by an Air Arabia delegation headed by the airline Group Chief Executive Officer. The ...

ABU DHABI / WAM Innovation and entrepreneurship platform startAD on Saturday announced it will host a ten-day entrepreneurship programme at NYU Abu Dhabi (NYUAD) to provide ten Fintech startups a unique opportunity to pitch their business one-on-one to investors from the UAE. Early-stage Fintech startups based in the UAE are encouraged to apply before the upcoming deadline of February 4, ...