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Cheaper medicine?: New generic drug rules in Abu Dhabi will boost market, but wider integration requires public awareness - analyst

A recent decision in Abu Dhabi aimed at increasing demand for generic medicine - drugs that use formulas similar to branded drugs, but sold at cheaper prices - needs time to gain public acceptance to achieve the positive impact it is expected to have on users and insurance companies, an analyst has said.

The Abu Dhabi-based Department of Health announced on July 31 that “a new mechanism to mandate dispensing of generic medicines… for patients as prescribed by their doctors and are covered by Health Insurance” would be introduced in a post on its website.

Tuesday 14 August 2018- ZAWYA

MENA investment banking fees down for the third year in a row

The total value of investment banking fees earned in the Middle East and North Africa (MENA) so far this year has decreased by 17% year-on-year, according to data from Thomson Reuters Deals Intelligence.

When it comes to individual banks, Standard Chartered plc topped the MENA rankings so far this year.

Thursday 9 August 2018- ZAWYA

Jobs & salaries: VAT, disputes and oil prices among the big factors in Q2 - report

While the number of job vacancies advertised for professionals in the Middle East increased by 27% in Q2 this year, a new industry report released this week found that the introduction of value-added tax has not resulted in the huge job creation surge many predicted.

The latest Middle East Jobs Index has seen a rise in demand for treasury experts, sales and marketing candidates in Saudi Arabia, dispute lawyers, energy experts, candidates with experience in treasury, and Gulf nationals in general.

Wednesday 8 August 2018- ZAWYA
saudi arabia

Canada spat: As Saudi Arabia cuts diplomatic, trade and investment ties, what is at stake?

• Canadian imports to Saudi Arabia amounted to $969 million last year, while Saudi Arabian companies sent just $90 million worth of goods to Canada

• There is concern over the future of a $15 billion arms deal for Canada to supply Saudi Arabia with light armoured vehicles

• Saudi Arabia announced that around 16,000 Saudi students studying in Canada would be recalled

• Saudi Arabian Airlines has suspended flights to and from Toronto

• The UAE said it "stands in solidarity with Riyadh in the confrontation of any foreign interference"

Tuesday 7 August 2018- ZAWYA