Health Secret records found of alleged NMC fraud, court told Administrators for Abu Dhabi-based NMC Health found internal “cheat sheets” showing the true condition of the company’s finances and detailing “significant payments” to people including founder BR Shetty, a UK court has heard. NMC collapsed in 2020 with debts exceeding £3 billion ($4.1 billion). Administrator Alvarez & Marsal is suing big four accountancy firm EY […] June 10, 2025
Health SMC receives $32bn in bids as IPO price is finalised Specialized Medical Company (SMC), which operates two hospitals in Riyadh, will raise SAR1.9 billion ($506 million) from its listing on the Saudi stock exchange. The final offer price was set at SAR25 per share, the top end of the previously announced initial public offering (IPO) price range. The market capitalisation at listing will stand at […] June 5, 2025
Health Egypt targets local pharma production to slash imports Egyptian pharmaceutical companies are reportedly planning to increase their production capacity to reduce annual imports of $3 billion. The companies are due to add 20 new production lines this year by investing EGP4 billion ($80 million) to support local production, Ashraq Business, an Arabic financial portal, reported, citing Gamal El-Leithy, head of the pharmaceutical chamber […] May 30, 2025
Exclusive Health Globalpharma seeks early lead in race for Ozempic alternatives Globalpharma, which is a wholly owned subsidiary of Dubai Investments, is laying the groundwork to manufacture generic versions of blockbuster drugs such as Ozempic, positioning itself ahead of potential patent expiries and shifting regulatory frameworks. The UAE drugmaker is exploring partnerships to develop peptide-based injectables using off-patent precursors – drug ingredients that are no longer […] May 29, 2025
Health Quadria commits 25% from $1bn healthcare fund to GCC Quadria Capital, a Singapore-based healthcare-focused private equity company, plans to allocate up to a quarter of its latest $1 billion fund to the Gulf Cooperation Council (GCC). “In the GCC, we intend to deploy capital across healthcare infrastructure such as hospitals and clinics, biopharma, diagnostics and digital health,” Quadria Capital partner Sunil Thakur told AGBI […] May 28, 2025
Health Abu Dhabi seeks bids for studies of indoor air quality Abu Dhabi is seeking proposals from research companies, consultancies and academic institutions to study the health impact of indoor air pollution, as the emirate plans to draft new evidence-based public health policies. The Abu Dhabi Public Health Center has invited bids to develop research to quantify the health burden of indoor air pollution and propose […] May 22, 2025
