News

  Bloomberg A tougher stance in the UK on funding expensive medicines for rare diseases is raising questions about the government’s pledges to support a life-sciences industry that’s already rattled by Brexit. A proposal to introduce a cap on coverage of treatments within the state-run health system would have a significant impact on access to ultra-rare disease drugs, said Heidi ...

  Bloomberg PSA Group Chief Executive Officer Carlos Tavares will meet with government leaders in the UK and France this week to discuss the potential purchase of General Motors Co.’s Opel and Vauxhall brands. Tavares will meet French Economy Minister Michel Sapin morning and UK Prime Minster Theresa May at a date that hasn’t yet been announced. To win support ...

  Bloomberg Britain will borrow less than forecast this year after the economy defied the doomsayers following the vote to leave the European Union, according to EY ITEM Club. Surprisingly strong tax receipts should limit the deficit to about 65 billion pounds ($81 billion) in the fiscal year through March, 3 billion pounds less than officials predicted in November, the ...

  Bloomberg Formosa Plastics Group is seeking permission from the US state of Louisiana to invest $9.4 billion to build petrochemical plants. The Taiwanese chemicals producer is waiting for the US state’s authorization for construction of the facilities in St. James, according to Lin Keh-Yen, executive vice president of Formosa Petrochemical Corp. The group also plans another $5 billion investment ...

  ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Omar Hassan Al Bashir of Sudan, attended the unveiling of the ‘Rabdan’ ...

  ABU DHABI / WAM The UAE Central Bank announced that the money supply aggregate, M1 (currency in circulation outside banks and monetary deposits in current accounts and call accounts at banks), increased by 1.3 percent, from AED474 billion at the end of December 2016, to AED479.9 billion at the end of January, 2017. The money supply aggregate, M2 (M1 ...

  Abu Dhabi / WAM 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, on Sunday opened the thirteenth edition of the International Defence Exhibition and Conference (IDEX 2017) the ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, 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, have received heads of delegations participating in the 13th edition of the International Defence Exhibition ...

  Abu Dhabi / WAM UAE company, Siham Al Khaleej Technology (SAKT) together with Leonardo, the Italian high-tech company in aerospace, defence and security and MBDA, jointly owned by Airbus Group, Bae Systems and Leonardo, have unveiled a new combined Anti-Air and Anti-Surface Weapon System, SIHAM3, a naval defence system, at Navdex 2017. The companies say that the cost-effective weapons system ...

  Abu Dhabi / WAM NIMR Automotive, a subsidiary of Emirates Defence Industries Company (EDIC), has launched its newest vehicle line, the Rapid Intervention Vehicle (RIV) at the International Defence Exhibition and Conference 2017 in Abu Dhabi. During its unveiling, NIMR’s CEO Dr Fahad Saif Harhara said, “We have listened carefully to the special operations community and incorporated their combat experience ...