ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR), of the UAE and the Nuclear and Radiological Regulatory Commission (NRRC), of Saudi Arabia convened a meeting to explore and strengthen mutual collaboration. Both parties discussed potential cooperation in regulatory aspects related to nuclear safety, nuclear security, nonproliferation, legal and regulatory framework, emergency preparedness and response. The meeting was …

Bloomberg Oil rose in New York as Moderna Inc reported its Covid-19 vaccine is highly effective against the virus. Moderna’s shot had 94.5% efficacy in a preliminary analysis of a large, late-stage clinical trial. That followed similar positive news for a vaccination being developed by Pfizer Inc. last week, buoying risky assets globally. The full impact of a vaccine on …

Bloomberg South Korea’s two biggest airlines plan to merge, with Korean Air Lines Co acquiring Asiana Airlines Inc for 1.8 trillion won ($1.6 billion) following an injection via its parent, Hanjin Kal Corp. The main goal of the acquisition is to stabilise South Korea’s aviation industry amid the coronavirus pandemic and improve its competitiveness, said Hanjin Group, which operates airlines …