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Julphar acquires majority stake in RAK Pharmaceuticals

Julphar, the largest Emirati pharmaceutical company, has acquired a majority stake in Bangladesh based RAK Pharmaceuticals, marking its entry into the country and an expansion of its footprint in Asia. rakcRAK Pharmaceuticals is a subsidiary of RAK Ceramics and produces a variety of industry compliant tablets, capsules and syrups that are fit quality wise to meet a regulated healthcare market. The company turned over US5.7 million of sales in 2013, representing growth of 24% on the year before. Julphar and RAK Pharmaceuticals have had a long term ...

Google confirms data sharing deal with Twitter

People will find out what you’re tweeting quicker, thanks to a partnership between Google and Twitter. The deal, confirmed in Twitter’s fourth quarter earnings call, will allow Twitter to provide Google with tweets as soon as they’re posted to the social networking site. Google-Plus-Facebook-Twitter1Through the arrangement, Twitter hopes to expand its reach to more users. Twitter also has similar deals with Microsoft and Yahoo, but Google, as we all know, has the lion’s share of the search engine marke...

Ship recycling project begins

An agreement between the International Maritime Organization (IMO) and the Government of the People’s Republic of Bangladesh has been signed for the parties to collaboratively improve safety and environmental standards in the country’s ship-recycling industry. ship breakingA Memorandum of Understanding formalizing the cooperation between the two was signed by Nicolaos Charalambous, Director, Technical Cooperation Division, IMO and Md. Ashadul Islam, Additional Secretary, Economic Relations Division of the Ministry of Finance of the G...

UAE steers motor sport development in BD

Bangladesh has become the latest country to turn to the UAE for vital assistance to develop a national infrastructure for motor sport. bd-uaeA team from the Automobile and Touring Club of the UAE has just returned from Dhaka after conducting a three-day training programme on behalf of the Automobile Association of Bangladesh (AAB). The team of specialists from the ATCUAE’s training and education division, the Motorsport Knowledge Institute, instructed officials on key aspects of rally organisation and other grass roots motor sport activities. ...

How Bangladesh is saving its newborns

Across the world, a child’s survival is a lot like drawing a lottery ticket. Factors based purely on chance — where a child is born, how much money his or her family has and what their ethnic background is — can determine if a child lives past age 5. [caption id="attachment_12915" align="alignleft" width="300"]child birth Rong Mala, 30, holds her 6-day-old child, Rakhal, as she waits to see the paramedic at a government clinic in Bangladesh.[/caption] That’s the conclusion from a report published last week by Save the Children, which looked at...

$ 300m WB loan for child health

Bangladesh is to get a $300-million loan from the World Bank's International Development Association (IDA) to help improve child nutrition after a deal was signed on Monday. The project will provide financial help to about 600,000 of the country's poorest mothers. [caption id="attachment_12912" align="alignleft" width="300"]Monowara holds her 22-day-old grandson Arafat, as she walks through a mustard field on the outskirts of Dhaka Monowara holds her 22-day-old grandson Arafat, as she walks through a mustard field on the outskirts of Dhaka January...
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