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Humaid Al Qutami unveils expansion plans of Thumbay Hospital Dubai

March 9, 2017

Dubai, Mar 9: Thumbay Hospital – Dubai, the leading academic hospital of Gulf Medical University has announced major expansion plans for 2017-18, which will see significant enhancement of its facilities and infrastructure, in addition to the setting up of centers of excellence in different medical specialties. The expansion comes in-line with UAE’s Vision 2021 to bring world-class healthcare infrastructure, expertise and services across the country to fulfil citizens' growing needs and expectations.

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The plan was formally unveiled at Thumbay Hospital on Thursday, 9th March 2017 by the chief guest H.E. Mr. Humaid Al Qutami, Chairman of the Board and Director-General of Dubai Health Authority, in the presence of Mr. Thumbay Moideen (Founder President, Thumbay Group), Mr. Akbar Moideen Thumbay (Vice President of the Healthcare Division), and other members of Thumbay Group Board. The event also witnessed the launch of Ortho Spine, a new center of excellence for spine and orthopedics at the hospital, which was inaugurated by the chief guest.

Speaking about the expansion plans for Thumbay Hospital Dubai, Mr. Thumbay Moideen said, “Scheduled to be completed in 2018, the expansion project will add 100 more beds to the hospital, in addition to 45 new clinics and 5 new centers of excellence. ‘Ortho Spine’ inaugurated today is the first in the series; the others centers will be featuring Diabetes, Mother & Child care, Heart Center and Cosmo Curve.” Mr. Moideen, further stated, “In the coming future, the dental hospital in Dubai will offer free treatment to patients as part of their academic plan.”

Elaborating on Thumbay Group’s strategic plans for the healthcare division, Mr. Thumbay Moideen said, “We are pursuing an ambitious global expansion plan, according to which 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.”

The newly opened Ortho Spine center will offer expert care in the following areas: Total Joints Replacement and Revision, Arthroscopic Surgery, Sports Related Injuries, Pediatric Orthopedics, Orthopedic Fractures and Trauma (Adult & Children) and Spinal Surgeries. Equipped with trained surgeons, who specialize in orthopedics and spine procedures, the specialized center also offers outpatient services. Orthopedic services including surgical procedures are provided 24 x 7 throughout the year.

“The Ortho Spine center has expert physicians specializing in the diagnosis and management of spinal disorders- ranging from a simple back sprain to complicated deformities or spine tumors. Our expert surgeons have many years of experience administering procedures for the treatment of various spinal disorders,” said Mr. Akbar Moideen Thumbay. “We are confident that Ortho Spine will make world-class spine care more accessible for patients in the UAE,” he added.

Talking about the centers of excellence in the various academic hospitals under the Thumbay healthcare system, Mr. Akbar said, “Across all our hospitals we will bring together highly-skilled professionals and the latest advancements in medical technology. They will be developed into Centers of Excellence in various specialties, providing quality care.” Thumbay Group’s healthcare division is developing Thumbay Hospital Ajman into a center of excellence in Obstetrics & Gynecology, IVF & Fetal Medicine and Cardiac Sciences. Thumbay Hospital New Life – Hyderabad, has plans to establish an Advanced Transplant Center in India.

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About: Thumbay Group’s Healthcare Division

Thumbay Group’s healthcare division presently operates academic hospitals in the UAE (Dubai, Ajman, Fujairah & Sharjah) and 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 provide clinical training for the students of Gulf Medical University (GMU), the leading private medical university in the region owned by Thumbay Group. They treat patients from over 175 nationalities, and are staffed by doctors, nurses and technicians from over 22 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.

Today, Thumbay Group has diversified into more than 20 brands, with presence across 18 sectors of business including Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Opticals, Wellness, Nutrition Stores, Hospitality, Real Estate, Publishing, Technology, Media, Events, Medical Tourism, Trading and Marketing & Distribution.

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January 15,2020

Asia, Jan 15: Iranian Foreign Minister Javad Zarif on Wednesday said that killing of Iranian general Qassem Soleimani showed the ignorance and arrogance of the United States and asserted that Washington looks at things from their perspective and not keeping the interests of the region in mind."The US looks at things from their perspective, not from the perspective of this region. The killing of Qassem Soleimani shows ignorance and arrogance. 430 Indian cities saw protests against killing of Soleimani," Zarif said at an event.

Hitting out at US President Donald Trump and Secretary of State Michael Pompeo, Zarif said that they were the only ones, along with the Islamic State (ISIS) who celebrated the death of Soleimani.

"Who is celebrating Soleimani's killing? President Trump, Pompeo and Daesh (Arabic name of ISIS). You wonder about strange bedfellows?" he said.

Tensions between the US and Iran soared dramatically earlier this month after Washington launched airstrikes at Baghdad International Airport, which killed Soleimani. Tehran retaliated by firing a volley of ballistic missiles at two military bases of US-led coalition forces in Iraq, leading to a strife in the region.

However, Zarif regretted the shooting down of the Ukrainian airline and said it happened because of "tension".

"Nine million people were out in the streets of Iran commemorating Soleimani. You cannot bring out so many people to protest. The shooting down of a plane was a mistake. 180 families are mourning the loss of their dear ones. It happened because of tension," he said.

Asked whether there a chance of a diplomatic solution to the ongoing crisis, Zarif ruled out negotiating with the US.

"Iran is interested in diplomacy. We are not interested in negotiating with the US. US did not keep its commitments under nuclear deal. We had a US deal and the US broke it. If we have a Trump deal, how long will it last?" he said.

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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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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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