Health US biotech seeks Saudi approval for cancer treatment US-listed biotech company CEL-SCI Corp plans to file for regulatory approval in Saudi Arabia for its experimental cancer treatment Multikine, part of a push to tap growing demand for advanced treatments and expand in the Middle East and North Africa (Mena). The Virginia-headquartered company, which develops immunotherapies for cancer and infectious diseases, is also in […] April 25, 2025
EXCLUSIVE Real Estate Dubai Investments plans IPO before year end, says CEO Dubai Investments is preparing to sell shares in four subsidiaries to the public and may list one of them before the year end, its CEO Khalid bin Kalban has told AGBI. The government-backed company manages AED22.1 billion ($6 billion) of assets in the UAE and beyond, in sectors including real estate, construction and building materials […] April 22, 2025
Health Abu Dhabi launches life sciences business cluster Abu Dhabi has launched a new cluster targered at the life sciences sector, bringing together global companies focused on the preventative care, drug efficacy and human longevity industries. Abu Dhabi’s clusters are groupings of related businesses and insititutions that work together to improve collaboration and share infrastructure. The health, endurance, longevity and medicine (Helm) cluster, […] April 16, 2025
Markets Hospital operator SMC given approval for Saudi IPO Specialized Medical Company (SMC), which operates two hospitals in Riyadh, has received approval from Saudi Arabia’s Capital Markets Authority to launch an initial public offering (IPO). The announcement allows SMC to issue 75,000 shares, representing 30 percent of its share capital. No further details about the listing were released. SMC’s CEO, Bassam Chahine, told AGBI […] March 27, 2025
Artificial Intelligence Abu Dhabi tenders AI project to analyse genetic data The Abu Dhabi government has invited companies to bid for the development of an artificial intelligence system that would help doctors and researchers better interpret genetic data. The project calls for a large language model (LLM), the same type of AI technology that powers tools such as ChatGPT, to be trained on the Abu Dhabi […] March 24, 2025
Health PureHealth proposes first dividend after Abu Dhabi listing Healthcare group PureHealth is planning its first dividend distribution after listing on the Abu Dhabi Securities Exchange (ADX) in December 2023, the company said in a statement. The board of directors has recommended a total dividend of AED343 million ($93.4 million), or AED 3.09 fils per share, for 2024, representing 20 percent of the group’s […] March 18, 2025
