Thursday 25 August 2016

Hikma reports 24pc increase in revenue

Hikma Pharmaceuticals, a multinational pharmaceutical company, has reported a revenue of $882 million for the first half of this year, a 24 per cent increase over the same period last year. The group’s revenue includes the consolidation of four months of Roxane Laboratories


NMC Health H1 net profit up 48pc

NMC Health, a leading integrated private healthcare network operator in the UAE, today reported an adjusted net profit attributable to shareholders of $67.8 million for the six months ended June 30, an increase of 48.2 per cent year-on-year. Revenues increased by 46.9 per cent ye


US heart group sets limit on sugar for kids

The vast majority of children and teens should have less than six teaspoons of added sugar in their diet each day, according to the American Heart Association. Until age 2, children should consume no added sugars at all, and between ages 2 and 18 they should limit added sugars to


Oman plans to restructure water sector

Oman has planned a major review of the water sector aiming to bring water resources, potable water, and wastewater under a unified structure, a report said. The review will help coordination across the different segments of the water sector which are currently managed by multiple


Al Dawaa launches e-store on in Saudi Arabia, a leading online retail and marketplace platform in the Middle East, has announced the launch of an exclusive e-store of the award winning Al Dawaa Pharmacies in Saudi Arabia. This collaboration will provide customers in Saudi Arabia a convenient access to an extensive


Pfizer agrees $14bn deal for cancer drug firm

Pfizer, beating out numerous other bidders, said it agreed to buy US cancer drug company Medivation for $14 billion in cash, adding its blockbuster prostate cancer drug Xtandi to the company's growing oncology roster. Medivation shares jumped nearly 20 percent to close at $80


Global green cleaning market to hit $51bn

The global market for green cleaning products is expected to reach $51 billion in value terms with a CAGR of 4 per cent by 2021, said the organisers of an upcoming cleaning technology summit in Dubai, UAE. According to media reports, the Middle East is expected to see 154,576 new


Pfizer nears $14bn deal for cancer drug firm

Pfizer is in advanced talks to acquire US cancer drug company Medivation for close to $14 billion, as it seeks to boost its oncology portfolio, a person familiar with the matter said on Sunday. Pfizer has so far prevailed in the auction for Medivation and could announce a deal as


Oman plans two desal projects in northern region

Oman plans to build two major independent water desalination plants to meet growing demand for potable water in the northern region, a report said. Sites are being evaluated for a 60-million-gallons-per-day (mgpd)-capacity project planned in Muscat, added the Times of Oman


Danat Al Emarat performs rare surgery for newborn baby

Surgeons in Abu Dhabi have successfully treated an Emirati newborn baby suffering from a rare congenital malformation of the intestine, which led to perforation of the small bowel, filling his whole abdomen with fluid which required immediate intervention to save his life. The ca

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