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Shionogi to Acquire Torii Pharmaceutical

time07-05-2025

  • Business

Shionogi to Acquire Torii Pharmaceutical

News from Japan Economy May 7, 2025 21:50 (JST) Tokyo, May 7 (Jiji Press)--Japanese drugmaker Shionogi & Co. said Wednesday that it will acquire Torii Pharmaceutical Co., a unit of Japan Tobacco Inc., for about 160 billion yen. Shionogi will aim to make Torii a fully owned subsidiary by conducting a tender offer and buying JT's stake in the firm. JT will fully withdraw from the pharmaceutical business, transferring all related operations other than Torii to Shionogi as well. Shionogi hopes that the acquisition will create synergies in treatments for skin diseases, Torii's forte, while aiming to use JT's drug discovery platform to expand sales channels. "This is an effort to evolve our strengths as a drug-discovery pharmaceutical company," Shionogi President and CEO Isao Teshirogi told a press conference in Tokyo. "It's a nearly ideal partnership." The tender offer will be conducted from Thursday to June 18, with an offer price of 6,350 yen per share, to obtain the roughly 45 pct stake in Torii held by minority shareholders for about 80 billion yen. After this is completed, JT will let go of its approximately 55 pct stake, and Shionogi will make Torii a fully owned unit in September. [Copyright The Jiji Press, Ltd.] Jiji Press

RJ resumes flights to Syria's Aleppo — statement
RJ resumes flights to Syria's Aleppo — statement

Jordan Times

time06-05-2025

  • Business
  • Jordan Times

RJ resumes flights to Syria's Aleppo — statement

By JT - May 06,2025 - Last updated at May 06,2025 AMMAN — Royal Jordanian Airlines (RJ) announced on Tuesday the resumption of its flights from Amman to Aleppo, with three weekly services. With this move, RJ becomes one of the first airlines to reinstate direct services to Aleppo, linking the city to RJ's extensive network of over 45 destinations across Europe, the United States, the Middle East, and the Gulf region, the national carrier said in a statement. The first flight landed today [on Tuesday] at Aleppo International Airport, accompanied by RJ CEO Samer Majali and a delegation of officials, marking the official return of direct air travel between Amman and Aleppo after years of suspension. Majali noted that adding Aleppo and Damascus to RJ's route network would strengthen the airline's regional presence. He emphasised that the move would contribute to Syria's reconstruction, promote economic and trade ties between the two countries, and serve various categories of travellers by providing air connectivity between Syria and the rest of the world, especially following the resumption of daily flights to Damascus earlier in 2025, the statement said. Royal Jordanian will operate flights on Tuesdays, Thursdays, and Saturdays. By expanding its network with new destinations, RJ aims to strengthen its operational hub in Amman and position it as a key regional gateway, it said. This expansion aligns with the airline's fleet modernisation strategy, which includes the recent addition of five new Embraer jets for short-haul routes. The airline also plans to introduce more Embraer aircraft over the next two years and begin integrating Airbus A320neo aircraft for medium-haul destinations, which will feature onboard Wi-Fi. New Boeing 787-9 Dreamliner aircraft will also be added to the fleet.

King meets US Secretary of State
King meets US Secretary of State

Jordan Times

time06-05-2025

  • Politics
  • Jordan Times

King meets US Secretary of State

His Majesty King Abdullah meets on Monday with United States Secretary of State Marco Rubio in Washington, DC (Photo courtesy of Royal Court) AMMAN (JT) — His Majesty King Abdullah on Monday met with United States Secretary of State Marco Rubio in Washington, DC. The meeting covered the strategic partnership between Jordan and the US, and ways to enhance cooperation in various sectors, according to a Royal Court statement. Discussions also touched on current developments in the region, as well as the pivotal role of the US in promoting regional stability. Speaking about the situation in Gaza, His Majesty called for an immediate ceasefire, and resuming aid flow to the Strip. Regarding escalations in the West Bank, the King warned of the dangers of unilateral measures against the Palestinians, and violations of Muslim and Christian holy sites in Jerusalem, the statement said. His Majesty stressed the importance of creating a political horizon to achieve just and comprehensive peace on the basis of the two-state solution. The meeting also covered the situation in Syria and efforts to achieve security and stability there. Deputy Prime Minister and Foreign Minister Ayman Safadi, Director of the Office of His Majesty Alaa Batayneh, and Jordan's Ambassador to the United States Dina Kawar attended the meeting.

Petra hosts ‘FollowMeTo' stars Natalia, Murad Osmann for 10th anniversary celebration
Petra hosts ‘FollowMeTo' stars Natalia, Murad Osmann for 10th anniversary celebration

Jordan Times

time05-05-2025

  • Entertainment
  • Jordan Times

Petra hosts ‘FollowMeTo' stars Natalia, Murad Osmann for 10th anniversary celebration

By JT - May 05,2025 - Last updated at May 05,2025 World-renowned Russian couple Natalia and Murad Osmann, creators of the 'iconic' global photography project 'FollowMeTo', choose the rose-red city of Petra as the backdrop for their 10th wedding anniversary celebration (Photo courtesy of PDTRA) AMMAN — World-renowned Russian couple Natalia and Murad Osmann, creators of the 'iconic' global photography project 'FollowMeTo', chose the rose-red city of Petra as the backdrop for their 10th wedding anniversary celebration. The couple marked the occasion within the heart of the ancient city, joined by a select group of friends and fellow social media influencers from the Russian digital sphere, according to a Petra Development and Tourism Region Authority (PDTRA) statement. They were welcomed by Chief Commissioner of PDTRA Fares Braizat, along with Commissioner for Petra Archaeological Park and Tourism Yazan Mahadin and several staff members from the authority. According to Braizat, this 'high-profile' event, organised through joint efforts between the PDTRA and the Jordan Tourism Board, reflects Petra's rising status as a global destination for content creation and luxury travel. It also contributes to the broader campaign to promote Jordan as a 'top-tier' cultural and touristic destination, with Petra as its 'crown jewel'. Natalia and Murad expressed their deep admiration for Petra, describing the experience as 'magical and unforgettable.' They called Petra 'the perfect setting to capture life's most beautiful moments, thanks to its breathtaking scenery and rich heritage.' This celebration was part of a larger visit aimed at exploring Petra and showcasing it as a distinctive global destination, especially for photography, storytelling, and creative media. Petra has 'increasingly' attracted global celebrities and 'top-tier' content creators in recent years, thanks to its powerful combination of natural beauty, cultural depth, and timeless appeal, making it an exceptional location for memorable experiences and visual storytelling.

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