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Business : Page 10

Drug companies, U.S. counties reach settlement in opioid epidemic case
Teva PharmaceuticalsOctober 22, 2019 ET
Four drug companies reached a 260 million USD settlement with two U.S. counties on Monday shortly before the start of a federal trial in Cleveland, Ohio over responsibility for the opioid epidemic.
100 million millionaires: China ahead of U.S.
China millionairesOctober 22, 2019 ET
Global wealth grew during the past year 2.6% to USD 360tn and wealth per adult reached a new record high of USD 70,850, 1.2% above the level of mid-2018.
Philippines $653.4 million toll road deal reached
Philippines roadOctober 22, 2019 ET
The first three stretches of the Cavite-Laguna Expressway in the Philippines should be open to traffic by the end of October 2019.
Brazil: EIB provides EUR 100m to boost climate action investments
EIB and BrazilOctober 22, 2019 ET
The European Investment Bank (EIB) will provide EUR 100m to Banco de Desenvolvimento de Minas Gerais (BDMG) to support climate action projects in this Brazilian state.
Dubai DED issues 4,057 new licenses in September 2019
Dubai Department of Economic DevelopmentOctober 21, 2019 ET
The Dubai\'s Department of Economic Development, DED, issued 4,057 new licenses for various professional, commercial, industrial and tourism activities in September 2019.
UAE frees millions in frozen Iranian funds
Iran streetOctober 21, 2019 ET
The United Arab Emirates has released $700 million of frozen funds to Tehran in recent days, an Iranian MP said Sunday.
Egypt inaugurates largest subway station in Middle East
Cairo subway stationOctober 21, 2019 ET
Egypt inaugurated on Sunday the Middle East\'s largest metro station in the capital Cairo as part of the country\'s plans to renovate the city\'s fastest means of transportation.
Highlights: October 14 - October 19, 2019
HighlightsOctober 21, 2019 ET
The most interesting business stories that marked last business week.
Pakistan to connect its workers digitally with Saudi Arabia and UAE’s employers
Sayed Zulfikar Abbas BukhariOctober 20, 2019 ET
Pakistan is planning to link up its digital portal with Saudi Arabia and United Arab Emirates (UAE) for connecting its workforce with employers.
Russia to sell Pantsir air defense systems to Serbia
Pantsir-S air defense systemsOctober 20, 2019 ET
Serbia will buy from Russia Pantsir-S air-defence missile-gun system.
IMF maintains funding level and delays quota changes
International Monetary FundOctober 20, 2019 ET
The International Monetary Fund (IMF) announced that its members agreed to maintain its funding level and delayed quota changes.
China approves two $1.32 billion coal mine projects
China coal projectsOctober 20, 2019 ET
The National Development and Reform Commission has approved two coal mine projects with combined investment totaling 9.36 billion yuan (about $1.32 billion).
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