Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novartis has won approval in Switzerland for the world’s first malaria drug for newborns and infants, creating a new weapon in the fight against the mosquito-borne disease that is deadliest for children under five. The Swiss pharma group said on Tuesday it had received approval from the Swissmedic official agency for the drug, known as Coartem, to treat infants weighing less than 4.5kg.It added that eight African countries where malaria was prevalent, including Nigeria, Tanzania and Kenya, had joined the process and were…
Accessing expert guidance for the UAE’s prestigious Golden Visa has just become more convenient for Indian residents. VFS Global’s Education, Trade & Migration (ETM) Services, a division of the global outsourcing and technology services leader, has partnered with the Rayad Group to offer specialised immigration advisory services tailored for UAE Golden Visa applicants in India. This new initiative enables eligible individuals, including business owners, professionals, scientists, entrepreneurs, creatives, and influencers, to apply for a 10-year UAE residency under the government nomination category. Notably, there is no requirement to invest in real estate or set up a business to qualify. Successful…
Image credit: WAM/Website Air Arabia has announced the launch of a new daily non-stop service connecting Sharjah International Airport with Munich International Airport, starting December 15, 2025. The new route marks a significant addition to the airline’s growing European network, providing travelers with affordable and convenient connectivity between the UAE and one of Germany’s key economic and cultural hubs, a WAM report said. Read-Date announced: Air Arabia resumes flights to Damascus Strategic expansion into Europe “Munich stands as one of Germany’s leading economic and cultural centers, offering strong appeal for both business and leisure travelers,” said Adel Al Ali, Group…
Image: Getty Images Oil prices eased on Tuesday after rising almost 2 per cent in the previous session, as investors assessed new developments on US tariffs and a higher-than-expected OPEC+ output hike for August. Brent crude futures dropped 21 cents at $69.37 a barrel by 0041 GMT. US West Texas Intermediate crude fell 24 cents at $67.69 a barrel. US President Donald Trump on Monday began telling trade partners, which included major suppliers South Korea and Japan as well as smaller US exporters like Serbia, Thailand and Tunisia, that sharply higher US tariffs will start August 1, marking a new…
Ofcom’s decision to boost competition in the sector is credited with driving the rollout of a faster, more reliable internet connection Source link
In France’s rural areas, one veteran Parisian dealmaker notes, politicians are grappling with shortages of doctors so acute they are termed “medical deserts”. Paris faces a different problem, he observes. “We have an overpopulation of bankers.” The French capital is among the most competitive marketplaces for dealmakers in the world, where the prestige houses of Lazard and Rothschild & Co with their centuries-old pedigrees vie against the institutional heft of Wall Street’s biggest banks and their domestic French counterparts.But in recent years, a new breed of competitor has swept into the city: American boutiques with a narrower focus on mergers…
Image credit: WAM/Website Dubai’s Roads and Transport Authority (RTA) recently hosted a week-long exhibition at its headquarters to showcase its leading artificial intelligence (AI) initiatives, supporting the implementation of its Artificial Intelligence Strategy 2030. The exhibition was designed to engage RTA employees and strategic partners, highlighting how AI is being used to enhance service delivery, integrated mobility, and global best practices in transportation and infrastructure, a WAM report said. AI tools driving smart mobility Eleven AI-powered initiatives were presented during the event, each aligned with six strategic pillars of RTA’s AI Strategy: Seamless and Innovative Mobility, People Happiness, Smart Traffic…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPrivate credit lenders have found a new batch of clients: US government contractors short-changed by Elon Musk’s cost-cutting drive and trying to stay afloat. Legalist, a private capital lender based in San Francisco, told the Financial Times that its “government receivables” business had extended more than $100mn in financing to dozens of contractors since the start of 2025, more than doubling the strategy’s previous total book of business. The group is looking to raise $250mn from investors to extend more…
Stay informed with free updatesSimply sign up to the Retail sector myFT Digest — delivered directly to your inbox.Shein has confidentially filed for an initial public offering in Hong Kong as the online fast-fashion retailer seeks to accelerate a drawn-out listing process and pressure the UK regulator into approving a London listing.The Singapore-based company, which was founded in China, privately filed a draft prospectus last week with Hong Kong’s exchange (HKEX) and sought the blessing of the China Securities Regulatory Commission, according to two people with knowledge of the matter. Shein, which retains the vast majority of its supply chain…
Image credit: Getty Images Yemen’s Houthis said on Monday that a cargo ship they struck with gunfire, rockets and explosive-laden remote-controlled boats had sunk in the Red Sea, after their first known attack on the high seas this year. The ship’s Greek operator Stem Shipping told Reuters it had no independent verification. Reuters could also not immediately verify whether the ship had sunk. The Houthis claimed responsibility for Sunday’s assault and said they had allowed the 19 crew members to disembark from the Liberian-flagged bulk carrier, the Magic Seas. All crew were rescued by a passing merchant vessel and were…