Bloomberg Abu Dhabi shelved plans for an initial public offering of a 25 percent stake in Spanish oil refiner Cepsa. “Recent international economic developments have created uncertainty in international capital markets,” said Cepsa, which is controlled by Abu Dhabi’s state-owned Mubadala Investment Co. The offering would have valued Spain-based Cepsa at between 7 billion euros ($8.1 billion) and 8.1 billion ...

DUBAI / WAM Arab Health, an exhibition for healthcare and trade professionals in the Mena region, has outlined the role of tech start-ups in playing a more vital role in the healthcare industry in areas such as personalised medicine and more efficient technology-enabled care models. The report, titled ‘Technology: Accelerating Innovation Across Healthcare’, revealed that digital health start-ups are said ...

CAIRO / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, announced that the UAE will host the 22nd Conference of Arab Culture Ministers in 2020, which coincides with the 50th anniversary of the Arab League Educational, Cultural and Scientific Organisation (Alecso), and the UAE’s hosting of the world’s arts and culture at Expo 2020 in Dubai. ...