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Thumbay Hospital Signs MoU with Hill-Rom for 500 beds at Arab Health 2017

February 3, 2017

Thumbay Hospital, the leading network of academic hospitals operated by the healthcare division of Thumbay Group UAE, signed a memorandum of understanding (MoU) with global medical technologies provider Hill-Rom, for the purchase of 500 beds to support Thumbay Group’s upcoming healthcare projects in the Middle East and India, over the next 4 years.

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The MoU was signed at the ‘Arab Health 2017’ exhibition at the Dubai International Convention and Exhibition Center, Dubai on Tuesday, January 31, 2017 by Mr. Akbar Moideen Thumbay, vice president of the healthcare division of Thumbay Group and Mr. HishamHout, President – Middle East, Africa, Turkey and Indian Sub-continent of Hill-Rom.

Mr. Akbar MoideenThumbay said that Hill-Rom would provide quality branded hospital beds, long-term care beds and surgical solutions apart from their other branded products to Thumbay Hospitals for the upcoming projects, according to the agreement. “All our equipment and infrastructure conform to international standards, which, combined with our expert team of caregivers, enables us to deliver world-class patient care,” he said.

Mr. ThumbayMoideen, Founder President of Thumbay Group said that the MoU was an important step for the healthcare division of Thumbay Group, with plans to extend the Thumbay academic hospital network globally. “The Thumbay academic hospital network will have a total of 1000 beds in the UAE, 1500 beds in India and 750 beds elsewhere in the Gulf and Africa by 2022, taking the total number of hospitals to 15 worldwide. With this, Thumbay Hospital will become the largest network of academic hospitals in the Gulf region,” he added.

About Thumbay Hospital

Thumbay Group’s healthcare division presently operates six teaching hospitals; five in the UAE (one each in Dubai, Ajman, Fujairah & two in Sharjah) and one in Hyderabad – India, as well as a network of state-of-the-art family clinics at various locations in the UAE, making it the largest network of private academic hospitals in the region. All the hospitals and clinics are affiliated to the Gulf Medical University (GMU), the leading private medical university in the region owned by Thumbay Group, and provide clinical training for its students. They treat patients from over 175 nationalities, and are staffed by doctors, nurses and technicians from over 25 different countries, speaking more than 50 languages. Thumbay Group also operates CAP-accredited diagnostic labs (Thumbay Labs) and retail pharmacy outlets (Thumbay Pharmacy), in the UAE and India.

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Gulf News
April 12,2020

Dubai, Apr 12: Saudi Arabia reported 429 new cases of coronavirus, bringing the total number of infections in the country to 4462, the Ministry of Health announced on Sunday.

The ministry also confirmed 7 deaths bringing the total number of deaths in the kingdom to 59.

According to the ministry of health the number of recoveries are 41 cases, making total of recoveries 761.

Ministry also said that 40,000 have been quarantined since the beginning of the epidemic, and only 7,000 remain in quarantine, including those who recently returned from abroad.

Extension of curfew

Early on Sunday, King Salman approved the extension of curfew until further notice due to current rates of coronavirus spread, the official news agency SPA announced.

Earlier last week, Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar.

Authorities had already sealed off the holy cities of Makkah and Medina along with Riyadh and Jeddah, barring people from entering and exiting as well as prohibiting movement between all provinces.

Total lockdown on Medina neighbourhoods

The Ministry of Interior also announced a total lockdown on five neighbourhoods in Medina on thursday until further notice. The neighborhoods include Al Sherbat; Bani Dhafar; Qurban, Al Jumuah; and parts of Al Iskan district and Bani Khudrah. No one is allowed to enter or exit these areas.

An official source from the ministry highlighted that the Ministry of Labor and Social Development will provide residents of these neighbourhoods with food baskets and will follow up on their needs while the ministry of health will provide them with necessary medications.

Saudi Arabia, which has reported the highest number of infections in the Gulf, is making every possible effort to limit the spread of the disease at home.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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