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In February 2022, a coordinated media effort targeted Credit Suisse and the Swiss financial sector, exposing connections to autocrats and corrupt officials hiding wealth in Switzerland. Notably, the US government funded journalists involved in this investigation, raising questions about bias in their reporting.
BitOasis, a Dubai-based cryptocurrency trading platform, has secured a full virtual asset service provider license from the Virtual Assets Regulatory Authority, following its acquisition by Indian exchange CoinDCX. This milestone allows BitOasis to enhance its existing services for retail and institutional investors in the MENA region. The firm, which previously held a provisional permit, aims to expand its product offerings and comply with regulatory requirements in the UAE.
The Adani scandal poses a significant challenge for Prime Minister Narendra Modi, as Gautam Adani, one of India's wealthiest individuals, faces bribery charges that could have serious political implications. Meanwhile, China's property crisis has resulted in an astonishing number of unoccupied new homes. Additionally, the popularity of Jordan Peterson, known for his contrarian views, continues to intrigue many.
Two established private banks in western Switzerland, Gonet & Cie and ONE swiss bank, are set to merge, creating a new entity under the Gonet brand, led by CEO Jean-René Lepezel. This merger, facilitated by Arab Bank Switzerland, will oversee approximately 12 billion francs in assets and is expected to complete by mid-2025, pending regulatory approval. The combined expertise will enhance offerings, particularly through Dynagest, ONE swiss bank’s asset management division.
War in the Middle East could lead to the closure of airspace over several countries, including Iran, Iraq, and Israel, while Russian airspace remains off-limits to Western airlines. This would force global air traffic into a few congested corridors, severely limiting available routes for east-west flights.
The MENAP region is experiencing a transformative shift in its pharmaceutical landscape, driven by local manufacturing growth, regulatory harmonisation, and the rise of digital health technologies. Significant investments in R&D, particularly in Saudi Arabia, aim to enhance innovation and healthcare standards, positioning the region as a key player in the global market.
Philadelphia Pharmaceuticals Company, based in Jordan, specializes in developing, manufacturing, and marketing a variety of human pharmaceutical products across different therapeutic categories. Their offerings include semisolid and liquid dosage forms, and they distribute both local and international brands, exporting to over 10 countries in the Middle East and North Africa.
At COP16 in Colombia, nations are deadlocked over a health-biodiversity framework aimed at aligning conservation with human health priorities, amid concerns over the lack of submissions from biodiversity-rich countries. While 35 national biodiversity plans include health considerations, 82% of nations missed the UN deadline, raising doubts about global commitment to the 2022 Montreal biodiversity deal. Key issues include benefit-sharing from genetic resources and the classification of antibiotic waste, reflecting deep divisions among countries.
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