News

  Bloomberg Nestle SA’s health unit is investing $145 million for a 15 percent stake in Aimmune Therapeutics Inc., a California maker of food-allergy therapies. Nestle Health Science, a subsidiary of the Swiss food giant, will pay $19.20 a share for about 7.55 million newly issued shares of Aimmune, and the unit’s Chief Executive Officer Greg Behar will join the ...

  Bloomberg Dow Chemical Co. and DuPont Co. face further delays to their plan to create the world’s biggest chemical company after the European Commission demanded more information about the $59 billion tie-up. The European Union’s merger regulator “stopped the clock” in its in-depth investigation on Oct. 13, the watchdog said in an e-mail on Friday. This happens “if the ...

  Bloomberg Natural gas bears wagering on a no-show US winter may be in for a frosty surprise. Gas for delivery next March traded at the lowest premium on record to the April 2017 contract Friday, signaling that traders see little risk of another Polar Vortex in the months ahead. Autumn warmth has spooked the gas market, pushing prices to ...

  Bloomberg Germany’s environment minister is throwing her support behind an aggressive Chinese plan to boost sales of electric and hybrid vehicles, putting her at odds with her country’s automobile industry and some within the German government. China is considering legislation that would require automakers to sell a specific quota of zero- and low-emission vehicles. The figure would start at ...

  Dubai / WAM In celebration of Flag Day, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, raised the UAE flag in Zabeel Park on Thursday morning in the presence of more than 20,000 school students, representing almost 120 different nationalities residing in the country. The Vice President, Prime ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received the visiting President of the Republic of Fiji, George Konrote on Thursday. Sheikh Mohammed welcomed Konrote and his accompanying delegation. They discussed friendship ties and co-operation between the UAE and Republic of ...

  BERN / WAM The second meeting of the UAE-Switzerland political Consultations Committee has begun in Bern. The meeting was co-chaired by Ahmed Abdul Rahman Al Jarman, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs, and Wolfgang Amadeus Bruelhart, Assistant State Secretary for Middle East and North Africa Division, Swiss Federal Department for Foreign Affairs (FDFA). Mohammed ...

  DUBAI / WAM Thanks to its strategic geographic location, Fujairah is playing an increasing significant role in the regional and global oil trade and bunkering, said HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah. “Fujairah is expanding its oil terminal storage capacity to cater to the demand of global companies,” HH Sheikh Hamad ...

  ABU DHABI / EMIRATES BUSINESS Etihad Airways, the national airline of the UAE, extended its digital reach with the introduction of a new mobile application for Android smartphones, enabling guests to manage their journeys with even greater ease. The new mobile app is simple and enjoyable to use, providing comprehensive trip management and giving guests the information they need in ...

  DUBAI / EMIRATES BUSINESS The global demand for pharmaceuticals and the increasing expenditure on healthcare, is helping Dubai consolidate its position in the global pharmatech ecosystem, according to Dubai Science Park, a member of TECOM Group. Investments in healthcare infrastructure has enabled opportunities for global and regional manufacturers who benefit from Dubai’s location to reach the rest of the Middle ...