Riyadh Global Digital Health Summit Kicks Off Virtually

A digital roadmap to adopt the latest technologies (Asharq Al-Awsat)
A digital roadmap to adopt the latest technologies (Asharq Al-Awsat)
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Riyadh Global Digital Health Summit Kicks Off Virtually

A digital roadmap to adopt the latest technologies (Asharq Al-Awsat)
A digital roadmap to adopt the latest technologies (Asharq Al-Awsat)

Riyadh Global Digital Health Summit kicked off virtually on Tuesday and highlighted the need to set a roadmap for accelerating digital health innovations to fight the current and future pandemics.

The two-day summit, which is organized by the Ministry of National Guard’s Health Affairs Department and in collaboration with the Saudi Center for International Strategic Partnerships, is part of the G20 calendar under Saudi Arabia’s presidency.

It aims to promote the adoption of new technological solutions, improve quality and accessibility and reduce costs to counter the negative effects of the COVID-19 pandemic.

Specialized international institutions and academies and 32 international experts representing more than 110 countries have participated in the event.

Experts discussed means to combat pandemics, provide solutions to address them and devices for future prediction, stressing the need to work on providing high-quality, low-cost technical and technological solutions to the health and healthcare sectors.

The experts stressed the need to promote sustainable health remotely by following an approach that bolsters health policy and makes it more effective in fighting pandemics, along with epidemiology, epidemic addressing technology and forecast models.

World Health Organization (WHO) Assistant Director General for Antimicrobial Resistance Hanan Balkhi said Saudi Arabia has made appreciative efforts to place the digital health agenda on top of its priorities in its G20 leadership, promoting the health sector digitalization.

She pointed out that digital health has been effectively applied worldwide.

Dr. Bandar al-Knawy, CEO of the health affairs at the Ministry of the National Guard and summit president, for his part, explained in his opening speech the great effect of the success of the extraordinary summit meeting that was held in March.

He said member states expressed their commitment to work as part of a unified front to combat the COVID-19 pandemic, indicating the decision’s impact on global health and economic decision-makers.

Knawy pointed to the Kingdom’s abilities, initiatives and leadership despite the current circumstances.



Gold Eases as Traders Wait for US Economic Data

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. Reuters
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. Reuters
TT

Gold Eases as Traders Wait for US Economic Data

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. Reuters
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. Reuters

Gold prices eased on Tuesday, while investors awaited a slew of US economic data to gauge the size of the Federal Reserve's expected interest rate cut this month.
Spot gold fell 0.2% at $2,495.50 per ounce by 0630 GMT. Prices hit a record high of $2,531.60 on Aug. 20.
US gold futures steadied at $2,527.50.
The dollar lingered near a two-week high, making bullion less appealing for other currency holders.
"Gold is unable to recapture levels around all-time highs due to lack of fresh positive catalysts. If we see U.S. data pointing to a weak economy and the Fed taking to the narrative of having a jumbo rate cut, gold will rally," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific.
"Prices could go as high as $2,640 this year."
Market focus is on Friday's US August non-farm payrolls report. Economists surveyed by Reuters expect the addition of 165,000 US jobs.
ISM surveys, JOLTS job openings and ADP employment report are also on investors' radar.
Traders currently see a 31% chance of a 50-basis-point rate cut at the Fed's Sept. 17-18 policy meet and a 69% chance of a quarter-point cut.
Last week, data showed US consumer spending picked up in July, arguing against a 50-bp rate cut.
Gold "remains our preferred hedge against geopolitical and financial risks, with additional support from imminent Fed rate cuts and ongoing emerging market central bank buying. We open a long gold trade recommendation," Goldman Sachs said.
Bullion is considered a safe asset amid turmoil and tends to thrive in a low rate environment.
Spot gold may test support at $2,473, a break below that could open the way towards $2,434, according to Reuters technical analyst Wang Tao.
Spot silver dipped 0.5% to $28.35, platinum fell 1% to $921.05 and palladium lost 1% to $968.62.