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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Average lifespan in Saudi Arabia rises to 77.6 years  

Riyadh, Saudi Arabia — Average life expectancy in Saudi Arabia reached 77.6 years compared to 74 years in 2016, the...
  • The remarkable progress is attributed to a series of strategic efforts, notably the incorporation of health promotion principles into all facets of life and policy
  • Initiatives such as promoting walking culture, reducing salt in foods, and fortifying health services have collectively contributed to the nation's improved health landscape

Saudi products declared free from artificial trans fats

Riyadh, Saudi Arabia - The World Health Organization (WHO) has recognized the Saudi Food and Drug Authority (SFDA) for its...
  • Deaths attributed to artificial trans fats globally are estimated at around 500,000 annually, being a major cause of cardiovascular diseases
  • Saudi Arabia's accomplishment aligns with its Vision 2030 and the Health Sector Transformation Program, focusing on a healthy food and nutrition strategy

WHO urges limiting trans fat across the world

Geneva, Switzerland - The World Health Organization said on Monday that nearly half the world's population was now covered by solid...
  • The WHO appealed in 2018 for industrially produced fatty acids in foods to be eliminated worldwide by 2023, amid evidence they caused 500,000 premature deaths every year
  • 53 countries covering 46 percent of the world's population are now implementing best practice policies on the toxic substance -- up from 11 countries and six percent in 2018

UAE emerges as a new leader in global healthcare

“This goal, aligned with the forward-looking vision of the UAE's leadership, will not only enhance the quality of life but...
  • The Gulf country maintains its competitive edge in healthcare through advanced infrastructure and a skilled workforce, underscoring its commitment to healthcare excellence.
  • The UAE's ministry along with key departments showcases innovative health initiatives on the 'Emirates Health' platform, highlighting strategies for future healthcare development.

Deaf boy can now hear after gene treatment

The US hospital which carried out the treatment said the milestone represents hope for patients around the world with hearing...
  • Aissam Dam was born "profoundly deaf" because of a highly rare abnormality in a single gene.
  • Aissam, who was born in Morocco and later moved to Spain, may never learn to talk, as the brain's window for acquiring speech closes around the age of five.

Wounded Gazans get medical care on French hospital ship

Israel responded with a military offensive that has killed at least 25,105 people in Gaza, mostly women and children, according to...
  • French warship began treating patients in November, off the coast of the port of El-Arish, 50 kilometers (30 miles) west of the Egyptian border with Gaza
  • French doctor Marine, who is serving aboard the Dixmude said the warship has so far received 120 patients, all serious cases who needed long periods of hospitalization

Healthcare industry globally faces data hacking threat

DUBAI, UAE - In an age where data is a cornerstone of modern healthcare, the industry faces an escalating threat...
  • The IBM Cost of Data Breach Report reveals that in 2023 the average global cost of healthcare data breach reached $10.93 million.
  • In the Middle East, the cost implications of data breach reached $9.18 million in 2023, above the regional average across all sectors.

WHO weighs up AI risks and benefits for healthcare

Geneva, Switzerland - Generative artificial intelligence could transform healthcare through things like drug development and more rapid diagnoses, but the World...
  • The WHO has been examining the potential dangers and benefits posed by AI large multi-modal models (LMMs), which are relatively new and are quickly being adopted in health.
  • LMMs are a type of generative AI which can use multiple types of data input, and generate outputs that are not limited to the type of data fed into the algorithm

Women’s health gap costs US$1trn worldwide: report

Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal...
  • The gender health gap causes around 75 million years of life lost due to poor health annually
  • WEF officials say analysis proves "investing in women's health must be a priority for every country"

PureHealth buys Circle Health

The deal signifies PureHealth’s operational capabilities.
  • The completion of this transaction further strengthens PureHealth’s commitment to becoming a leading global player in healthcare.
  • The company’s expansion into the UK healthcare market reflects its focus on advancing the science of longevity and unlocking time for humanity.

Closing the women’s health gap a boon for the global economy

Closing the women’s health gap is a US$1 trillion opportunity to improve lives and economies, the WEF and McKinsey Health Institute...

Latest News

Global child deaths reach historic low in 2022: UN report

Geneva, Switzerland – The number of children who died before their fifth birthday has reached a historic low, dropping to...

Man vaccinated for Covid 217 times shows no side effects

Paris, France - A German man who deliberately got vaccinated for Covid-19 a whopping 217 times did not report any side...

As truce talks resume in Cairo, people in Gaza suffer from hunger

Heavy fighting rocked besieged Gaza as aid agencies warned of looming famine and new talks were held in Cairo towards...

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UN agencies warn of ‘explosion’ in Gaza child deaths

Twenty weeks into Israel's war against Hamas in the Gaza Strip, UN agencies warned that food and safe water had...
  • At least 90 percent of children under five in Gaza are affected by one or more infectious diseases, according to a joint assessment by the UN agencies
  • Seventy percent children had had diarrhea in the two weeks prior to the assessment, marking a 23-fold increase compared to the 2022 baseline

HMG 2023 net profit $544m

The rise was due to the hospitals and pharmacy segments.
  • The increase in net profit came as revenues edged up 14.41 percent year-on-year (YoY) to US$2.5 billion (SAR 9.5 billion).
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.49 percent YoY to US$666 million (SAR 2.5 billion).

WEF24: AI-generated drugs promise cost reduction

AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says...
  • AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says Dr Alex Zhavoronkov of Insilico Medicine.
  • The latest technology enables end-to-end systems, and today, what we see is the true pinnacle of AI-powered drug discovery: the integration of AI and robotics, he adds