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Regulus Therapeutics Inc Reports, FDA has put Clinical Hold on Investigational New Drug RG-101

Tue, 06/28/2016 - 08:33

Carlsbad, California based Regulus Therapeutics Inc. is a biopharmaceutical company that is involved in discovery and development of pioneering medicines which target microRNAs. The company announced it has received a verbal notice from the U. S. Food and Drug Administration (FDA) which says its Investigational New Drug RG-101, which aims at treating chronic hepatitis C virus infection, has been placed on clinical hold.

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People’s United Bank Acquiring N.Y Based Suffolk Bancorp for $402 Million

Tue, 06/28/2016 - 08:29

People's United Bank of Connecticut is acquiring Suffolk Bancorp in a deal of close to $402 million. With that the bank will be able to expanding its foothold in the New York Metro area.

On Monday, Suffolk Bancorp's shares climbed more than twenty five percent after the announcement of the definitive agreement with People's United Financial Inc. In the announced of a definitive agreement, the companies said that the transaction will be an all-stock deal that is valued close to $402 million.

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AAA Predicts Strong Travelling Numbers During July 4 Weekend as Fuel Prices Remain Cheap

Tue, 06/28/2016 - 08:26

According to AAA predictions, 4.9 million or more Californians will be traveling during the July 4 holiday weekend. That is the largest number noted since 2002 and till now the second highest to be ever record.

The survey is based on residents of the state who are traveling fifty miles or further from home.

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Categories: UAE News

UAE airlines might gain more access to UK following Brexit

Mon, 06/27/2016 - 13:06

Aviation experts have indicated that the UAE carriers might gain more access to the UK market following the UK's vote to leave the European Union as the UAE might be able to negotiate a new bilateral agreement.

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UAE increasingly looking towards diversifying energy sources

Mon, 06/27/2016 - 13:05

The United Arab Emirates is increasingly looking towards diversifying its energy sources and has taken a number of steps to emerge among the leaders in alternative sources of energy.

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Study by IEA Connects 6.5 Million Deaths to Poor Air Quality Each Year

Mon, 06/27/2016 - 08:31

International Energy Agency released a report on Monday that reveal air pollution is affecting public health majorly all around the globe. It is responsible for almost 6.5 million deaths every year, with "many of its root causes and cures" originating from the energy industry.

For the agency, it conducted such kind of air pollution study for the first time. It is a Paris based energy security group headed by Fatih Birol and is extending its mission further.

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Harel Insurance in Talks to Buy Stake in Tamar Gas Field in Israel from Noble Energy

Mon, 06/27/2016 - 08:27

Harel Insurance Investments and Financial Services of Israel said it is discussing a deal with Noble Energy to buy four percent in the Texas based energy company's Tamar natural gas fields.

The discovery of the presence of natural gas in the Tamar field was made by Noble Energy in January 2009. It is so far the biggest natural gas discovery by Noble Energy till now. It is estimated that the field has reserves of gas amounting to ten trillion cubic feet and its first production started in April 2013. Currently, it is the primary gas supply for Israel.

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SA’s Small Business Minister Lindiwe Zulu Condemns the Incidence of Looting of Small Businesses in Tshwane

Mon, 06/27/2016 - 08:23

Last week, several shops were looted in Tshwane, Gauteng Province, South Africa as the residents protested following the announcement of the African National Congress as Thoko Didiza to be their mayoral candidate. In the incident that resulted to violence and chaos, five people lost their lives within a week.

The incident was condemned by Small Business Development Minister Lindiwe Zulu on Sunday in "strongest possible terms".

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UAE financial system not impacted by Brexit, says UAE Central Bank

Mon, 06/27/2016 - 04:39

The Central Bank of the United Arab Emirates has said that the country's financial system is not much impact by the conditions following the UK's vote to leave the United Kingdom.

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UAE records higher growth for coloured solar panel technology

Mon, 06/27/2016 - 04:35

As global economies try to increase power generation from renewable sources, firms in the United Arab Emirates are increasing recording higher demand for new technologies including energy-efficient coloured solar panel technology.

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The S&P Index Notes it’s Worst Day in Ten Months Following ‘Brexit’

Sun, 06/26/2016 - 06:32

British exit from the European Union affected the stock markets worldwide with investors from Europe to Asia looking for ways to control losses in the middle of sliding equity prices. However, looking from a broader angle the battered look appears more like a dot for the investors in the U.S.

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IMF Says Mozambique’s Economic Growth to Slow Down in 2016 Due to High Inflation and Government Debt

Sun, 06/26/2016 - 04:05

Under pressure for an international audit of Mozambique's financial conditions, on Friday the International Monetary Fund (IMF) said, the economy of the country in southern Africa will most probably slow down to 4.5 percent in
2016. In 2015 it grew 6.6 percent. The reason for the slowdown is rapidly growing inflation and mounting government debt.

Michel Lazare, who headed the team from the IMF which visited Mozambique, said the detection of $1 billion plus earlier undisclosed government debt is sure to add to the pressure the economy is already facing.

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President Jacob Zuma Officially Launched Ncora Bulk Water Project on Friday

Sun, 06/26/2016 - 03:54

On Friday, President Jacob Zuma officially launched the Ncora Bulk Water Project caters for water needs of the communities residing in the area.

The President said, the government remains committed to ensure that water reaches areas located in the Chris Hani District Municipality and several other areas within the country.

Till now, R220 million has been spent on the water project and by the time it is completed, the expenses of the project is expected to reach almost R354 million.

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Costco’s New Visa Card Transition not a Smooth Changeover

Fri, 06/24/2016 - 08:38

Costco Wholesale Corp has ended its long sixteen years relationship with American Express cards and has found a new partner in Citi GroupsVisa, but the initial transition was not really smooth sailing.

The retailer's Facebook page was flooded with hundreds of complaints from Costco customers about the new credit card and most of them said, they have faced long waiting times and have gone through troubles in activating their accounts.

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Yuengling Agrees to Pay $2.8M fine and to Improve Pollution Control

Fri, 06/24/2016 - 08:37

The regulators accused Pennsylvania based beer company Yuengling of violating the Clear Water Act for dumping a high level of industrial waste into a municipal wastewater treatment facility. The company has agreed to pay $2.8 million as fine to settle charges. Additionally, it will also install new pollution control measures in two of its breweries.

On top of that, as part of the settlement Youngling will also spend $7 million to improve environmental systems at the breweries close to Pottsville, Pennsylvania.

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GMO Labeling Could become Mandatory Nationwide

Fri, 06/24/2016 - 08:36

The Vermont law that requires labeling on foods that contain genetically modified ingredients would have come into effect from next week. Prior to that date, on Thursday, the U.S. Senate agriculture leaders a deal which puts that power from states' control to a national system which makes it mandatory for GM food products to be disclosed nationwide.

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Fed’s Robert Kaplan Wants to Show More Patience on Interest Rate Hikes

Fri, 06/24/2016 - 08:34

Dallas Fed President Robert Kaplan says looking at the situations right now; he is not advocating increase in the key interest rates currently. On Thursday he said, instead of that he wants to "show more patience" and wait for the further information about global situations, mostly the result of the 'Brexit' vote as well as some improvement in the U.S. economy.

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Abu Dhabi’s private hospitals record improvements

Fri, 06/24/2016 - 03:23

Experts have said that the healthcare infrastructure in the United Arab Emirates have been improving recent years and private hospitals in the capital, Abu Dhabi like the Burjeel Hospital are driving this growth with new equipment and international talent.

Burjeel Hospital began its operations in 2012 and has since emerged as Abu Dhabi's largest private tertiary hospital. Clancey Po, the chief executive at Burjeel Hospital, said that improving medical facilities means that there is less likelihood of UAE residents travelling abroad for treatment.

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GCC planning to invest $100bn in airport projects in the region

Fri, 06/24/2016 - 03:20

A leading international airport consultancy indicated that the GCC nations are planning to invest around $100 billion in airport expansion and construction projects in countries including Bahrain, Saudi Arabia, Kuwait, Oman, Qatar, and UAE.

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Mortgage Service Providers get Blasting from CFPB for Failed Technology

Thu, 06/23/2016 - 08:43

The Mortgage Service providers who still rely on outdated computers and technology got a blasting from the Consumer Financial Protection Bureau. The CFPB said that puts them in violation of the rules set by the agency.

A special supervision report on Wednesday issued by the CFPB focused mainly on mortgage servicers stated that the investigators have come across some mortgage services which are right now using "failed technology" that have already harmed some of the consumers.

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