Abu Dhabi’s Mubadala and Kohlberg pick up stakes in US pharma company PCI

Abu Dhabi: Abu Dhabi’s Mubadala has joined Kohlberg to acquire a majority share in US-based PCI Pharma Services. “Outsourced pharmaceutical services has been a key investment theme for us, and we are excited to be partnering with one of the global leaders in this industry,” said Camilla Macapili Languille, head of Pharma and Medtech, Mubadala. See […]

Vaccine updates: Elderly, medical workers 1st to receive any vaccine

Elderly, medical workers 1st to receive any vaccine The US government’s task force on the novel coronavirus has recommended that the elderly and people with health conditions – two groups at high risk of becoming seriously ill if infected – as well as medical workers should be inoculated first if COVID-19 vaccinations are in practical […]

One in five Saudi Arabia engineering jobs for citizens

Abu Dhabi: Saudi Arabia has moved to localise 20 per cent of engineering professions in private sector businesses, local media reported. The decision, issued by the Minister of Human Resources, Eng. Ahmed Al Rajhi, comes as part of concerted efforts to enable Saudi graduates to obtain good jobs, and to provide an appropriate and stimulating work […]

US economy could get out of recession this year itself or early 2021, new survey says

Washington: The US economy will emerge from the recession in the second-half of this year or at some point in 2021, and a majority of economists said US Congress needs to extend supplemental aid, according to a National Association for Business Economics survey. Two-thirds of panelists said the economy is still in the recession that […]