Dubai Investments sees first-half 2020 net profit drop to Dh205m

Dubai: Dubai Investments recorded Dh205 million in net profits for the first six months of 2020, a sharp drop from the Dh353 million from a year ago. But the company, which is in multiple sectors, said the Dh353 million was based on profits from a one-off transaction. If one were to ignore that, the first-half […]

Siemens Healthineers to buy US cancer specialist for $16.4bn

Berlin: Siemens Healthineers, the German conglomerate’s medical devices arm, said Sunday it has agreed to buy US cancer treatment specialist Varian for $16.4 billion. “Varian’s board of directors unanimously approved the agreement and recommends to the Varian shareholders also to approve the agreement,” Siemens Healthineers said in a statement. The deal is expected to close […]