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TRENTON / AP The average cost for a year’s supply of a prescription drug doubled in just seven years to more than $11,000 — about three-quarters of the average annual Social Security benefit. That’s according to the latest study of price trends for widely-used drugs conducted by AARP, the senior citizens advocacy group. It finds prices for existing drugs, driven ...

Canberra / Bloomberg Qantas Airways Ltd.’s credit rating has been upgraded by Moody’s Investors Service, ending the Australian carrier’s more than two-year spell as a junk-rated credit. The Sydney-based airline was raised one level to Baa3 by Moody’s, which had stripped it of investment-grade status back in January 2014. The move by Moody’s, which now has a stable outlook on ...

NEW YORK / AP JC Penney Co. delivered strong fourth-quarter results, wrapping up a year when it stole market share from rivals. The company, based in Plano, Texas, offered an upbeat sales outlook, as efforts to spruce up its merchandise are winning over shoppers. It also pledged that it would return to a profit this year, on an adjusted basis. ...

Abu Dhabi / wam The UAE’s newly-reshuffled Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met on Sunday for the first time and discussed government-related issues. His Highness Sheikh Mohammed bin Rashid said the UAE Government, under the leadership of His Highness Sheikh Khalifa ...

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, in his capacity as Chairman of Executive Council of Abu Dhabi, has issued a resolution restructuring the board of the Media Zone Authority – Abu Dhabi, under the chairmanship of Noura Mohammed Surour Al ...

Abu Dhabi / WAM The Fuel Price Follow-up Committee, chaired by Dr. Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy, on Sunday concluded its meeting at its headquarters in Abu Dhabi and announced fuel prices for March. Diesel prices went up by 2 percent to AED1.40 per liter from the February price of AED1.37. Petrol prices dropped, with ...

Dubai / WAM The UAE, represented by the Ministry of Human Resources and Emiratisation, and the Republic of Mauritius, represented by the Ministry of Labour, Industrial Relations and Employment, have signed a Memorandum of Understanding to enhance cooperation between the two countries in the areas of labour and manpower. Following the signing at the office of the ministry in Dubai, ...

ABU DHABI / WAM The Department of Economic Development (DED) Abu Dhabi, has called on registered companies to amend their articles of association and bylaws so they can be approved as per the guideline form mutually approved by the DED and Abu Dhabi Securities Exchange (ADX). Khalifa bin Salem Al Mansouri, DED’s Acting Under-Secretary, said that this procedure comes as ...

Dubai / WAM Kairat Lama Sharif, the Ambassador of Kazakhstan to the UAE, has emphasised the importance of strong UAE-Kazakhstan relations, revealing that UAE investments in Kazakhstan have surpassed AED2 billion, according to the Kazakhstani Ministry of Investment and Development. He elaborated that trade exchange recorded US$135 million by the end of 2015. Lama Sharif said that Kazakhstan is willing ...

Abu Dhabi / Emirates Business Abu Dhabi Airports has reported a 14.1% increase in passenger traffic at Abu Dhabi International Airport (AUH) for January 2016 compared to the same period last year. A total of 2,154,241 people travelled through AUH last month. “The remarkable growth of Abu Dhabi as a global destination for business and leisure has catalyzed the corresponding ...