Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

NMC gross revenue in Q3 up

NMC Healthcare has registered a significant rise in patient encounters in Q3.
By Hilal Mir
November 1, 2021 11:37 pm
  • NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.
  • The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.

NMC Healthcare, the largest private healthcare company in the UAE, has posted gross revenue of $915 million for its UAE and Oman business in Q3, compared to $816m in 2020.

The company said that the number of patient encounters was 6.7 million, compared to 3.7 million in 2020.

The company said that by the end of this year, the NMC Group’s operating companies would exit administration and hand over the responsibilities to new ownership.

Hence, the company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit of the group by 16 December 2021.

Joint Administrator of NMC PLC and NMC Healthcare Richard Fleming said they would ensure successful transfer of new NMC Health administration to its new owners.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]