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Dubai / WAM Mona Ghanem Al Marri, Director-General of the Government of Dubai Media Office and Vice President of the UAE Gender Balance Council, on Tuesday addressed the inaugural high-level speaker series of the MENA Chapter of the ‘Global Women in PR’ held in support of female empowerment within the Public Relations, Media and Communications Industry. The private event, hosted ...

DUBAI / WAM The United Arab Emirates (UAE) retains its position as the top country Arab youth would like to live in and want their own countries to emulate for the seventh consecutive year, according to the ASDA’A Burson-Marsteller Arab Youth Survey 2018, released on Tuesday. The 10th annual survey also reveals that young Emiratis are extremely optimistic about their ...

Bloomberg Takeda Pharmaceutical Co. reached an agreement to buy larger rival Shire Plc for about 46 billion pounds ($62 billion) in a deal that transforms it into a top drugmaker in the lucrative business of rare diseases and boosts its heft in the US. The Japanese company capped a drawn-out pursuit by agreeing to pay Shire 49.01 pounds a share ...

Bloomberg A slew of ride-hailing ventures are taking to the gridlocked streets of Manila, undeterred by the market dominance of Grab now that it controls Uber in the Philippines. Hype Transport Systems Inc. and Ipara Technologies and Solutions Inc. are just two of the five new entrants approved by the regulator since Grab agreed to take over the operations of ...

Bloomberg Italy is heading for a snap election that may boost the chances of a populist government taking power. Luigi Di Maio, head of the anti-establishment Five Star Movement, and Matteo Salvini, who leads a center-right alliance and the anti-immigrant League, are pressing for an election in July after efforts to form a government broke down. The populist rivals met ...

Bloomberg Qualcomm Inc, the biggest maker of mobile-phone chips, is preparing to give up its push to develop processors for data-center servers, an effort that sought to break Intel Corp’s hold on the lucrative market, according to a person familiar with the company’s plans. The San Diego-based company is exploring whether to shutter the unit or look for a new ...

Bloomberg Swedish fintech company iZettle AB announced its intention to file for an initial public offering on the Nasdaq Stockholm stock exchange. The company, which competes with Square Inc. and Canada’s Shopify Inc, is seeking to raise 2 billion kronor ($226.6 million) and in a statement on Tuesday said it expected its IPO to be completed this year. Carnegie Investment ...

Bloomberg Athenahealth Inc. surged after activist investor Elliott Management Corp bid to acquire the medical company for $160 a share, saying executives had “failed to correct a host of operational issues.” Elliott, the New York hedge fund led by billionaire Paul Singer, said that it made an all-cash takeover offer, which would value Athenahealth at $6.46 billion. Athenahealth, which makes ...

Abu Dhabi / WAM Abu Dhabi Ports signed a 30 year concession agreement with Mediterranean Shipping Company (MSC), a Swiss-based leader in global transportation and logistics, to establish a new container terminal in the UAE located at Khalifa Port. The new terminal will benefit from Khalifa Port’s advantages as one of the region’s most technologically-advanced ports and one of the ...

Sharjah / Emirates Business Thirty-five Chinese publishing houses have visited Sharjah Publishing City (SPC), the world’s first free zone dedicated exclusively to the publishing industry, to explore investment opportunities and view the facilities on offer to organisations looking to either expand or enter into the regional market. The delegation was briefed about the free zone’s industry-specific services and amenities by ...