Al Noor Hospitals has approved a AED 7.5 billion takeover by South Africa’s Mediclinic. More than 98% of Al Noor's shareholders voted in favour of the deal. It’s hoped the combination of the companies will produce a major regional presence, to be the biggest private healthcare provider in the UAE. Chief Executive of Mediclinic Middle East, David Hadley, explained to ARN why the investment was made.
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India says US trade negotiations are ongoing
India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional US tariffs are due to hit.
Trump says Intel agrees to deal for US to take 10% equity stake
President Donald Trump said on Friday the US would take a 10 per cent stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America.
Musk sought Zuckerberg help for OpenAI bid, court filing shows
Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday.
UAE Central Bank gold reserves rise 26% in five months
The UAE Central Bank (CBUAE) increased its gold reserves by 25.899 per cent during the first five months of the year to AED 28.933 billion, up from AED 22.981 billion at the end of December 2024.
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