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Abu Dhabi / WAM The UAE’s Edge group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies. The $14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the ...

Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad) group announced that it has signed an agreement with Emerging World FZC, the sole importer of Pran-RFL Group’s products in the Middle East region, to establish a Programme for Rural Advancement Nationally (Pran) manufacturing plant catering to local and regional markets. The AED 110 million facility, developed in multiple phases, ...

Dubai / WAM The General Pension and Social Security Authority (GPSSA) on Tuesday launched the ‘Your Commitment Protects You’ campaign to spread awareness on inspection controls and guidelines. It has further highlighted the obligation of an entity towards abiding by inspection controls and guidelines, as well as unnecessary fines incurred on employers as a result of violating registration and monthly ...

Bloomberg For the 8,000 people suffering from cystic fibrosis in the UK, Kaftrio is a miracle drug. For the cash-strapped National Health Service, it’s a foretaste of an unaffordable future. Costing £100,000 ($123,000) a year per patient, Kaftrio could add hundreds of millions of pounds to the £180 billion annual NHS bill, a new liability even as the service struggles ...

  Bloomberg The private-sector economy in the euro area unexpectedly returned to growth at the start of 2023, offering further signs the region may avoid a recession and comforting the European Central Bank’s focus on underlying inflation risks. S&P Global’s flash Purchasing Managers’ Index rose to 50.2 in January, better than the 49.8 reading predicted in a Bloomberg survey and ...

  Bloomberg British companies signaled output dropped at the fastest pace since the start of the pandemic as the government budget deficit widened to a record, adding to evidence that the economy probably has lurched into a recession. S&P Global said its index of sentiment from purchasing managers fell more sharply than expected in January, led by a deterioration in ...

Bloomberg Chancellor Olaf Scholz’s cautious approach to sending Leopard battle tanks – or allowing other countries to export their own stocks of the German-made military vehicles – to Ukraine is confusing allies and creating splits within his own government. Three Baltic states over the weekend called on Germany as Europe’s leading power to quickly change course. An adviser to Ukrainian ...

Bloomberg The Biden administration has confronted China’s government with evidence that suggests some Chinese state-owned companies may be providing assistance for Russia’s war effort in Ukraine, as it tries to ascertain if Beijing is aware of those activities, according to people familiar with the matter. The people, who asked not to be identified discussing private deliberations, declined to detail the ...

Abu Dhabi / WAM Bayanat, a provider of AI-powered geospatial solutions, on Monday reported its preliminary financial results for 2022, reaching AED788 million in revenue, with a net profit of AED202 million for the year. Bayanat’s FY-2022 revenue reached AED788 million compared to AED367 million for the previous year, marking a substantial increase of 115%. The company also reported FY-2022 ...

Dubai / WAM Students from the UAE will take centre stage at Arab Health, the leading healthcare exhibition in the Middle East, which takes place from January 30 –February 2 at the Dubai World Trade Centre, with the launch of the inaugural Future Doctor Programme. As part of the new initiative, students from the region have developed research addressing key ...