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Health regulators have given their approval for the drug deflazacort for patients suffering from Duchenne muscular dystrophy. Available Overseas For $1,200 The steroid treatment has long been available outside United States but it was only last week that it received the green light from the U.S. Food and Drug Administration for Duchenne muscular dystrophy, a rare and incurable disease that most often affects boys and typically leads to […]

Qatar Airways is willing to “open” its financial books for scrutiny, according to CEO Akbar Al Baker, who said President Donald Trump could set up a special committee to examine them. “We are publishing our accounts and we are not running our airlines that we are perceived to run as,” airline CEO Akbar Al Baker told CNNMoney. “We have open book and President Trump is most welcome […]

Submitted by Nick Kaman of Letters from Norway Introduction: Norwegians are just now starting to grapple with the effects of their “single cylinder” economy, mostly dependent on oil and gas (ca. 60% of exports). Despite optimism about $50-$70/barrel oil, American crude output is surging, on track to be the highest ever, since 1970, while cracks start to form in OPEC’s latest agreement. In addition to the oil […]

SEOUL North Korea said on Monday it had successfully test-fired a new type of medium- to long-range ballistic missile a day earlier, claiming further advancement in a weapons programme it is pursuing in violation of United Nations resolutions. North Korea fired the ballistic missile on a high arc into the sea early on Sunday, the first test of U.S. President Donald Trump’s vow to get tough on […]

By Tetsushi Kajimoto and Stanley White | TOKYO TOKYO Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Data on Monday showed the world’s third-largest economy grew an annualized 1.0 percent in October-December, roughly in line with […]

A bench led by Justice Dipak Misra was asked to direct the CBI to lodge FIRs and conduct probe into the alleged offences under the Prevention of Corruption Act and Prevention of Money Laundering Act. (PTI) The Supreme Court today will hear the plea seeking a Central Bureau of Investigation (CBI) probe into the Panama papers expose case, in which many Indian industrialists and celebrities have been […]

China’s largest property developer Dalian Wanda Group has set its sights on banks in Europe, including Germany’s Postbank, as it diversifies away from its core real estate business. The Beijing-based group led by China’s richest man is actively looking at several European financial institutions, three people familiar with the matter said. Postbank — which has been put up for sale by Deutsche Bank — was among the […]

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Dubai, 12 February 2017 Emirates NBD (DFM: EmiratesNBD), a leading bank group in the region, held its tenth Annual General Meeting (AGM) at the Bank’s Headquarters. At the AGM, a review of the year ended 31st December 2016 was presented. Commenting on the business environment, Emirates NBD Chairman, His Highness Sheikh Ahmed Bin Saeed Al Maktoum, said, “The UAE continues to stand out as a resilient and […]

ANZ has announced the appointment Lynwen Connick as its new chief information security officer, who will leave her role as the first assistant secretary information sharing and intelligence at the Department of the Prime Minister and Cabinet in March to take up her new position. Connick, who replaces former CISO Steve Glynn, was previously responsible for advising Prime Minister Malcolm Turnbull on cyber policy, intelligence, and secure […]

Bleak about the future of journalism? Here are some encouraging statistics: In 2015, ProPublica ended the year with $450,000 in small donations (contributions less than $10,000 that weren’t individually solicited). In 2016, that amount was $2.9 million. So far this year, that number is already more than $600,000. ProPublica received $4,500 from monthly recurring donations in the month of October. By January, that number had increased to […]

Last month, Verizon chief financial officer Matt Ellis said the company didn’t feel like it needed an unlimited plan to compete with AT&T, T-Mobile and Sprint, but “we continually monitor the market and we will see where we head in the future.” The future appears to be today as Verizon on Sunday outlined plans for an unlimited plan dubbed Verizon Unlimited. Verizon Unlimited provides video streaming, mobile […]

It was a weekend that included an intimate golf outing of more than four hours; a lavish Saturday night dinner; and an unexpected joint statement on North Korea’s missile launch. Yet even more notable was what the two-day summit between Donald Trump and Japan’s Shinzo Abe did not include — controversy. Three weeks into his presidency, Mr Trump appears to be adopting a more traditional US foreign […]

When investors last month thumbed through the voluminous marketing materials from Blue Nile, the US online jeweller being taken private by Bain Capital, a few numbers — and footnotes — stood out. Blue Nile was seeking to raise $180m of debt to fund the $500m private equity takeover. By one measure, Blue Nile’s debtrepresented roughly four times its adjusted earnings before interest, taxes, depreciation and amortisation of […]

A period of consumer spending, retail sales and housing weakness may be imminent, after federal tax refunds tumbled by 78% in the early part of February compared to 2016, the  result of a new law which requires the IRS to delay the printing of checks to households claiming specific tax credits.  The reason for the slowdown is that in late 2015 Congress passed a law forcing the […]

Sarah Tew iPad sales are awful. Truly awful, and while CEO Tim Cook might be bullish about the tablet’s future, Apple desperately needs to do something to turn sales around if it’s going to come off life support. Must read: Does your iPhone have a battery drain problem? “We’ve got some exciting things coming on iPad,” Cook said during Apple’s last financial conference call, “and I’m optimistic […]

The latest retailer to join the “anti-Trump resistance“, is also the one which despite being closest to death managed to crush short sellers on Friday after its stock soared on the announcement of yet another hail ymary restructuring: according to Reuters, Sears and Kmart are discontinuing online sales of 31 Trump Home items. An obvious publicity stunt meant to distract the public’s attention from the company’s chronic […]

“GII” Investing 100 million Pounds to develop a premium residential apartments in London. Dubai: 13th Feb 2017 “Gulf Islamic Investments” LLC (“GII”) and Northacre PLC announced Northacre’s appointment as development manager for a new boutique luxury residential development in the heart of Chelsea. UAE-based GII acquired the  site,  formerly  the Chelsea Police Station. GII recognised the potential for the former Chelsea Police Station site before appointing Northacre […]

If you want to check the pulse of the mining sector one of the best places to go is the Mining Indaba in Cape Town. For this year’s annual gathering, with the sector in a far better place than it was 12 months ago when the mining industry was wallowing in debt, many executives, bankers and government officials may have been looking forward to some warm weather […]

Though steep print ad revenue losses persisted in the fourth quarter of 2016, Gannett and McClatchy both reported today slightly improved financial performance heading into the new year. Gannett’s USA Today Network posted a revenue gain compared to the same period in 2015, even though print ads declined at about the same rate as in the third quarter — 15.4 percent. But most of the added revenue […]

PNC Menon is a busy man — it takes several months to lock an interview into his diary. But on the day of our meeting in Dubai, the Indian-born real estate developer exudes characteristic warmth and courtesy, refusing to allow Arabian Business to leave without a bowl of Middle Eastern halva and repeatedly asking whether we have enough milk in our tea. A long-term UAE resident and […]

PARIS France’s financial prosecutor plans to pursue legal proceedings in the coming week in connection with its investigation into fake work allegations involving presidential candidate Francois Fillon and his wife, the weekly Journal de Dimanche newspaper reported. The report cited unidentified sources. Reuters was unable to reach the prosecutor for comment, nor was it able to reach officials representing conservative candidate Fillon. Fillon’s lawyer did not immediately […]

By Ju-min Park and Matt Spetalnick | SEOUL/WASHINGTON SEOUL/WASHINGTON North Korea fired a ballistic missile into the sea early on Sunday, the first such test since U.S. President Donald Trump was elected, and his administration indicated that Washington would have a calibrated response to avoid escalating tensions. The test was likely to have been of an intermediate-range Musudan-class missile that landed in the Sea of Japan, according […]

12 February 2017 Dubai, United Arab Emirates – Marsh & McLennan Companies Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, is a strategic partner of the newly published 2017 Global Risks Report, an annual publication released by the World Economic Forum at Davos. This year’s 2017 Global Risks Report reveals that economic inequality, societal polarisation and intensifying […]

Ford’s autonomous vehicle platform runs this Fusion Hybrid. Image via Ford. Ford has just announced a $1 billion investment in artificial intelligence startup Argo AI to bolster the automaker’s self-driving car technology. The acquisition-sized investment will make Ford the majority shareholder of Argo AI, though Ford plans to spread out the funds over a five-year period. Argo AI was founded (somewhat recently) by Brian Salesky, the former […]

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