Saudi Health Fund’s 34 Agreements, Partnerships Shape 2023 Operations

From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)
From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)
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Saudi Health Fund’s 34 Agreements, Partnerships Shape 2023 Operations

From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)
From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)

The Saudi Health Sector Fund has shown how healthcare is changing during Ramadan, breaking previous records. More than 4 million individual donations were made, with 47 charitable initiatives and 34 partnerships contributing to this generosity.

Aligned with Saudi Vision 2030, the healthcare sector is working to improve people’s health and create vibrant communities. One key program is the Healthcare Sector Transformation Program, which is driving various initiatives to achieve these goals.

A standout initiative is the Health Endowment Fund, the Kingdom’s first independent healthcare fund. It supports access to healthcare for the most vulnerable and involves the community in helping those in need through partnerships.

To ensure transparency and effectiveness, the fund is working with specialized auditing firms. It’s also partnering with financial experts to manage investments for financial sustainability.

Another important effort is the development of primary healthcare centers. This involves improving infrastructure, upgrading equipment, and using technology to enhance healthcare services and patient experiences.

These initiatives reflect the Fund’s commitment to improving healthcare across the sector and providing swift assistance to those in need. Overall, the fund aims to build a model healthcare endowment that can address health challenges effectively with the help of the community.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.