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Careem enters micro-mobility space with Cyacle acquisition

Dubai / Emirates Business Careem has entered the micro-mobility space with the acquisition of UAE-based bikeshare service company Cyacle. Cyacle stations run 24-hours a day via an app, a touch screen kiosk and docking system that releases bikes using a ride code or a member key. Careem’s CXO and co-founder Magnus Olsson said, “This deal means Careem will be able ...

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Ministry, Novartis ink deal to boost strategic drug stockpile

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) signed an agreement with Novartis Middle East on the provision and recycling of the strategic drug stockpile in severe and emergency situations. The agreement includes 31 life-saving and emergency dr-ugs. The one-year-agreement aims at strengthening pharmaceutical security and appropriate response to emer- gency cases, with formation of a joint committee ...

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Brent oil steadies after rally as Trump not ready for trade deal

Bloomberg Brent crude traded around $70 a barrel as a two-day rebound eased on signs the US and China are still far from reaching a trade deal, but prices remained supported by supply risks in the Middle East. Futures in London held steady after rallying 3.5 percent. President Donald Trump said on a state visit to Japan that the US ...

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