AstraZeneca to move to Tecom Group’s Dubai Science Park
AstraZeneca has announced plans to construct sustainable offices at Dubai Science Park, a member of Tecom Group PJSC. Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda and in-line with ‘We the UAE 2031’ vision and the Year of Sustainability. The new office design, construction, and […]
Mubadala and US-based Resilience link up on biopharma manufacturing in UAE
Mubadala Investment Company, Abu Dhabi’s sovereign investment arm, and US-based National Resilience, a technology-focused manufacturer, have signed a biopharma investment deal that will boost the UAE’s life sciences sector. Through a development agreement, Mubadala will establish a new manufacturing plant in the UAE, which will be operated by Resilience to make biopharmaceutical-related products, Mubadala said in a statement […]
Memphis Pharmaceutical’s approves loan from ADIB to settle $15.83mln debt
The board of directors of Memphis Pharmaceutical (MPCI) approved the financing package provided from Abu Dhabi Islamic Bank (ADIB) to settle the EGP 300 million debts of El-Gomhouria Company for Drugs, according to a statement published on September 14th. El-Gomhouria for Drugs’ debts have reached EGP 294.29 million so far. Memphis is one of […]
DP World exhibits petrochemical hub at GPCA Supply Chain Conference 2022
DP World, the leading provider of smart logistics solutions, showcased its streamlined chemical supply chain solutions and extensive range of logistics offerings at the 13th edition of the Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference. DP World UAE plays a pivotal role in facilitating the growth of the UAE’s and GGC’s rapidly […]
Abu Dhabi-listed pharma Julphar more than doubles sales after turnaround plan
Gulf Pharmaceutical Industries (Julphar), one of the region’s biggest drug manufacturers, swung to a net profit in the first quarter of 2022 as sales more than doubled following a “strategic turnaround plan”. Net profit for the quarter reached 1.9 million dirhams ($517,000), compared to a loss of 29.2 million dirhams in the same period last […]