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Qatar among countries imposing Covid tests for Chinese travellers

Authorities around the world are imposing or considering curbs on travellers from China as coronavirus cases in the country surge following its relaxation of “zero-Covid” rules. International health experts predict at least one million deaths in China this year. However, China has played down concerns, saying decisions by some countries to impose a requirement for […]

Bill Gates speaks to Rima al Mokarrab at the Catalytic Philanthropy Forum

Bill Gates hails UAE president’s action on Covid and polio

Bill Gates has praised his foundation’s partnership with Sheikh Mohamed Bin Zayed Al Nahyan, the UAE’s president, for its progress in tackling Covid-19 and polio.  The philanthropist and Microsoft co-founder told an event in Abu Dhabi on Sunday: “We’ve worked with the [UAE] president on a number of things – he has been very generous […]

Dr Fahed Al Marzooqi, COO of G42 Healthcare

G42 Healthcare executive hails new era after Amazon tie-up

“We want to reach everywhere at scale and at speed.” Many business leaders might say so, but when Dr Fahed Al Marzooqi, chief operating officer of G42 Healthcare, tells AGBI this, he has good reason. G42 Healthcare, a subsidiary of Abu Dhabi-based AI firm G42, recently struck a deal with Amazon’s cloud computing arm – […]

Venture capital firm to bring healthcare technology to the UAE

An Abu Dhabi-based venture capital firm has obtained approval from regulators to invite investors into healthcare startups in the US and elsewhere with a view to bringing specialist technology to the Middle East.  Biosis Ventures said this week it had in principle received permission from the Abu Dhabi Global Market to offer venture capital products […]

Nakheel secures $4.6bn from Dubai banks to build more islands

Dubai developer Nakheel has secured 17 billion dirhams ($4.63 billion) from local banks for projects including its latest collection of manmade islands, the company said on Tuesday. The state-owned developer best known for Palm Jebel Ali said the financing came from a syndicate of three Dubai lenders: Emirates NBD, Mashreq Bank and Dubai Islamic Bank. […]

Vaping

Region urged to support vaping to deter smoking black market

High taxes and outright bans imposed in some Middle East countries on e-cigarettes and vaping products have been blamed for pushing smokers to the black market and slowing the transition away from nicotine products in the region. Black market numbers in Saudi Arabia, Jordan and the UAE are “alarming” and can only be resolved by […]

‘Full support’ for Abu Dhabi biotech tie-up with Israel

Abu Dhabi would welcome the opportunity to collaborate with Israel to accelerate the development of biotechnology capabilities in the UAE. Dr Dirk Richter, senior advisor and director of health sector innovation with the Department of Health Abu Dhabi, said the emirate is “really open” to forging a partnership with the likes of the Hadassah Medical […]

China’s Xi talks up security, COVID stance as congress opens

Chinese President Xi Jinping called for accelerating the building of a world-class military while touting the fight against COVID-19 as he kicked off a Communist Party Congress by focussing heavily on security and reiterating policy priorities. Xi, 69, is widely expected to win a third leadership term at the conclusion of the week-long congress that […]

Saudi to offer $12.7bn worth of health projects to private sector

Saudi Arabia’s Ministry of Health is planning to approve 100 projects in cooperation with the private sector over the next five years, the state-owned Saudi Press Agency (SPA) reported, citing health minister Fahad Al-Jalajel. These projects will be worth around SAR 48 billion ($12.7 billion), he said, adding it includes the establishment of two medical […]

Moody’s says hospitals and utilities face high hacking risks

Around $22 trillion of global debt rated by Moody’s has a ‘high’ or ‘very high’ exposure to the risk of cyber attack, the ratings agency said in a report on Thursday, with hospitals and utilities seen at the greatest risk. Out of $80 trillion worth of debt across 71 sectors that the rating agency monitors, […]

Medication, Pill, Capsule

Europe drugmakers may cut output due to high energy bills

Europe’s drugmakers have warned they may stop making some cheap generic medicines because of surging electricity costs and are calling for an overhaul of the way they are priced, the latest industry to seek help as the energy crisis deepens. The generic drug industry lobby group Medicines for Europe, which represents companies including Teva, Novartis’s […]

Burjeel eyes local investors for IPO after IHC buys stake

Abu Dhabi-based hospital operator Burjeel Holdings is seeking local investors for its planned initial public offering, two sources said, scrapping plans to seek foreign investors after Abu Dhabi’s International Holding Company (IHC) took a 15 percent stake this week. Egypt-listed EFG-Hermes and JP Morgan are no longer on the deal, said the sources, declining to […]

Altibbi plans healthcare expansion in North Africa and Pakistan

Altibbi, the largest AI-based digital health provider in the Arab world, is looking to expand into North Africa and Pakistan after “turbocharging” growth in Saudi Arabia and Egypt, its CEO has told AGBI. Jalill Allabadi said the proceeds from Altibbi’s latest funding round of $44 million – the largest ever single financing round for a […]

A Burjeel hospital

Abu Dhabi’s IHC acquires 15% stake in Burjeel Holdings

Abu Dhabi-based International Holding Company (IHC) has purchased a 15 percent stake in healthcare provider Burjeel Holdings. The acquisition aims to diversify IHC’s investment in the healthcare sector locally and regionally, WAM, the UAE state news agency, reported. Founded in 2007, UAE-based Burjeel Holdings is a private healthcare services provider, with a growing presence in […]

A Burjeel hospital

UAE health firm Burjeel plans Saudi expansion as IPO nears

UAE healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later this year. The company, which owns and operates hospitals and other healthcare facilities, will invest up to $1 billion in the Kingdom by 2030 as part of a memorandum […]

Britain to recruit health workers from Nepal to offset shortage

Britain will recruit health professionals from Nepal under its first labour agreement with the Himalayan country, officials said on Monday, helping Britain offset a labour gap while Nepal bids to boost remittances from migrant workers. A joint statement by Nepal government and the British Embassy in Kathmandu said they had signed a preliminary agreement to […]

Bottle, Lotion, Shampoo

Johnson & Johnson to end global sales of talc-based baby powder

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said, more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits. “As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder […]

Downtown, City, Urban

Macau turns more casino hotels into Covid medical centres

Macau authorities have added two hotels in popular casino resorts to be used as Covid-19 medical facilities from Friday as they try to ramp up capacity to handle a surge of infections in the world’s biggest gambling hub. The east wing of Grand Lisboa Palace owned by SJM Holdings and the Grand Hyatt hotel owned […]

Injection

Saudi Arabia to invest $3.4bn in vaccine, biomedical drugs sector

Saudi Arabia’s industry and Mineral Resources minister said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly-established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push towards achieving pharmaceutical security […]