Arab Health 2024 opens with a twist as the booming home market triggers growing interest in investing in the global healthcare sector, including the state-dominated UK NHS, which will be showcased at this week's event.
While domestic healthcare markets are rapidly developing within Gulf Co-operation Council countries, cash-rich investment funds are looking to life sciences, pharmaceutical and healthcare assets in the UK, the US and Europe.
Current Health Expenditure (CHE) in the GCC is projected to reach $135.5 billion in 2027, an increase of 5.4 per cent from 2022, according to Aspen Capital.
Jonathan Evans, director at the Association of British HealthTech Industries, noted the significant investments coming from GCC countries into Britain.
“In UK HealthTech alone, there are in the region of 4,500 companies. Add to that the thousands of pharmaceutical businesses and ancillary healthcare companies, and you have a huge ecosystem that will be looking for investment, so I would imagine we will see plenty more deal-making in the years ahead,” he told The National.
At the same time, the growth in the number of people choosing private health care over NHS treatment has ballooned as waiting lists lengthened in the wake of the Covid pandemic.
“NHS waits, increasing media coverage around patients choosing private options and treatment restrictions have driven wider interest in private health care, and the independent sector has seen higher volumes of patients willing to pay privately year on year,” said Liz Heath in a report for the healthcare business advisory firm LaingBuisson.
“Forward projections are always difficult to make, but based on the recent growth trajectory, all indicators are that self-pay growth will continue.”
Mr Evans feels the UK government has taken some encouraging steps to enable foreign investment to find a home in Britain's life sciences and healthcare sectors.
“The direction of travel is therefore very positive, and the opportunities are clear,” he said.
“The UK has a very strong science base, and is a genuine world leader within research, but where we could see improvements in terms of support is through the help that is available to scale these brilliant scientific ideas to better equip UK companies for growth.”
Gateway connecting East and West
This spectacular growth in health care in the GCC is mainly centred in the UAE and Saudi Arabia, with the two countries expected to make up almost 80 per cent of CHE in the region by 2027.
“The GCC region continues to stand out as a pivotal hub for the pharmaceutical and healthcare sectors in the Middle East, especially over the next decade,” Mohamed Abu Shawish, cluster general manager for the GCC at the Japanese drug maker Kyowa Kirin Pharma, told The National.
“Furthermore, the GCC’s strategic geographic location offers a gateway to connect East and West, making it an ideal hub for global companies.”
The Covid pandemic acted as the catalyst for the rapid expansion of the healthcare sector in the GCC region, sparking strong growth from automation and data-driven precision medicine to government reforms.
In a $1.2 billion deal, PureHealth bought Circle Health, a group that operates 53 private hospitals in the UK.
The PureHealth deal really illustrated the ambitions held by many healthcare companies and investment funds across the GCC.
“This acquisition is more than an expansion; it’s a significant stride towards establishing PureHealth as a global healthcare platform,” managing director of PureHealth Farhan Malik said at the time.
“This move aligns with our vision of pioneering a healthier future for all and underscores our commitment to elevating the global position of Abu Dhabi in the healthcare sector and revolutionising healthcare services globally.”
'Huge ecosystem'
The opportunities for investment into the UK healthcare sector often happen at the “edges” of Britain's NHS, said Mr Evans.
Former British political leaders Tony Blair and William Hague last week issued a joint call to put countries “unmatched wealth” of national health data to work to harness the global artificial intelligence revolution in health care.
“We propose establishing an NHS Data Trust, with a controlling stake owned by the NHS and additional investments from companies,” the report said.
“While strictly preserving privacy and preventing misuse, this structure would permit health data to be of massive benefit to research, public health and patient treatment.”
The report said the NHS could provide anonymised data to research entities, including biotech companies, in return for payment. This would place the UK at the frontier of global research.
Private equity groups have already bought up dozens of British healthcare companies, from eye-care clinics to diagnostics firms to ambulance fleets.
Arab Health 2024
The growth of healthcare in the GCC, as well as the burgeoning relationships being forged with life sciences, pharmaceutical and healthcare companies overseas will be illustrated at the Arab Health 2024 conference at the World Trade Centre in Dubai this week.
Almost 4,000 delegates from more than 180 countries will exchange views and ideas, make contact and do business at the event. Last year, $1.81 billion in business was done at the show.
“It provides an excellent opportunity for innovative companies, and healthcare providers, to drive investment between the GCC and the UK,” Mr Evans said.
“For us, it is all about creating that space to showcase UK healthcare expertise and quality, and how these solutions can benefit patients not just in the GCC, but around the world.”
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if you go
The flights
Fly direct to Kutaisi with Flydubai from Dh925 return, including taxes. The flight takes 3.5 hours. From there, Svaneti is a four-hour drive. The driving time from Tbilisi is eight hours.
The trip
The cost of the Svaneti trip is US$2,000 (Dh7,345) for 10 days, including food, guiding, accommodation and transfers from and to Tbilisi or Kutaisi. This summer the TCT is also offering a 5-day hike in Armenia for $1,200 (Dh4,407) per person. For further information, visit www.transcaucasiantrail.org/en/hike/
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• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
Killing of Qassem Suleimani
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SPECS
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Law%2041.9.4%20of%20men%E2%80%99s%20T20I%20playing%20conditions
%3Cp%3EThe%20fielding%20side%20shall%20be%20ready%20to%20start%20each%20over%20within%2060%20seconds%20of%20the%20previous%20over%20being%20completed.%0D%3Cbr%3EAn%20electronic%20clock%20will%20be%20displayed%20at%20the%20ground%20that%20counts%20down%20seconds%20from%2060%20to%20zero.%0D%3Cbr%3EThe%20clock%20is%20not%20required%20or%2C%20if%20already%20started%2C%20can%20be%20cancelled%20if%3A%0D%3Cbr%3E%E2%80%A2%09A%20new%20batter%20comes%20to%20the%20wicket%20between%20overs.%0D%3Cbr%3E%E2%80%A2%09An%20official%20drinks%20interval%20has%20been%20called.%0D%3Cbr%3E%E2%80%A2%09The%20umpires%20have%20approved%20the%20on%20field%20treatment%20of%20an%20injury%20to%20a%20batter%20or%20fielder.%0D%3Cbr%3E%E2%80%A2%09The%20time%20lost%20is%20for%20any%20circumstances%20beyond%20the%20control%20of%20the%20fielding%20side.%0D%3Cbr%3E%E2%80%A2%09The%20third%20umpire%20starts%20the%20clock%20either%20when%20the%20ball%20has%20become%20dead%20at%20the%20end%20of%20the%20previous%20over%2C%20or%20a%20review%20has%20been%20completed.%0D%3Cbr%3E%E2%80%A2%09The%20team%20gets%20two%20warnings%20if%20they%20are%20not%20ready%20to%20start%20overs%20after%20the%20clock%20reaches%20zero.%0D%3Cbr%3E%E2%80%A2%09On%20the%20third%20and%20any%20subsequent%20occasion%20in%20an%20innings%2C%20the%20bowler%E2%80%99s%20end%20umpire%20awards%20five%20runs.%0D%3Cbr%3E%3C%2Fp%3E%0A
Common OCD symptoms and how they manifest
Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.
Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.
Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.
Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.
Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.
Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia
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1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
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1998 - The first adult live-donor liver transplant is carried out
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May 9, v Malaysia
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May 18 and 19, semi-finals
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Previous men's records
- 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
- 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
- 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
- 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
- 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
- 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
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Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
