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Oil posts weekly loss over economic woes

Bloomberg Oil posted its first weekly loss since mid-June, as a forecast-topping US employment report wasn’t enough to offset the economic worries dogging the market. Futures in New York closed down 1.6 percent for the week, despite eking out an increase after the government said payrolls climbed by 224,000 in June. The ultimate fallout from the report was unclear as ...

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India plans to raise $10bn from first foreign sovereign bond sale

Bloomberg India plans to raise as much as $10 billion from its first overseas sovereign bond because there’s huge appetite for its debt in the foreign market, according to a top finance ministry official. “It’s a cautious beginning, which we need to make,” Economic Affairs Secretary Subhash Garg said in an interview. “In terms of risk management I don’t see ...

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Abu Dhabi smart pharmacy system issues 1.7m prescriptions

ABU DHABI / WAM Some 1.7 million prescriptions have been dispensed since the launch of the ‘smartpharmacy system’ in 2014, announced the Abu Dhabi Health Services Company (Seha). The system was introduced in a bid to reduce waiting time and prescription errors, said a Seha press statement issued on Saturday. The smart pharmacy system is carried out by a robot ...

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