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.



Oil Prices Fall as Demand Concerns Overshadow Libyan Export Halt

FILE - The drilling rig of the Kingfisher oil field, operated by China National Offshore Oil Corporation (CNOOC), is seen on the shores of Lake Albert in the Kikuube district of western Uganda Tuesday, Jan. 24, 2023. (AP Photo/Hajarah Nalwadda, File)
FILE - The drilling rig of the Kingfisher oil field, operated by China National Offshore Oil Corporation (CNOOC), is seen on the shores of Lake Albert in the Kikuube district of western Uganda Tuesday, Jan. 24, 2023. (AP Photo/Hajarah Nalwadda, File)
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Oil Prices Fall as Demand Concerns Overshadow Libyan Export Halt

FILE - The drilling rig of the Kingfisher oil field, operated by China National Offshore Oil Corporation (CNOOC), is seen on the shores of Lake Albert in the Kikuube district of western Uganda Tuesday, Jan. 24, 2023. (AP Photo/Hajarah Nalwadda, File)
FILE - The drilling rig of the Kingfisher oil field, operated by China National Offshore Oil Corporation (CNOOC), is seen on the shores of Lake Albert in the Kikuube district of western Uganda Tuesday, Jan. 24, 2023. (AP Photo/Hajarah Nalwadda, File)

Brent oil prices fell on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased worries about demand that overshadowed the impact of the halt of production and exports from Libya.
Brent crude futures were down 17 cents, or 0.2%, to $77.35 a barrel by 0620 GMT, Reuters reported.
West Texas Intermediate crude futures, which did not settle on Monday because of the US Labor Day holiday, were up 50 cents, or 0.7%, at $74.05 a barrel.
"Oil remains under pressure given lingering Chinese demand concerns. Weaker-than-expected PMI data over the weekend would have done little to ease these worries," said Warren Patterson of ING, adding that demand jitters are offsetting the Libyan supply disruptions.
China's purchasing managers' index (PMI) hit a six-month low in August. On Monday, the country reported new export orders in July fell for first time in eight months, and new home prices grew in August at their weakest pace this year.
In Libya, oil exports at major ports were halted on Monday and production curtailed across the country, six engineers told Reuters, continuing a standoff between rival political factions over control of the central bank and oil revenue.
The country's National Oil Corp (NOC) declared force majeure on its El Feel oil field from Sept. 2. Total production had plunged to little more than 591,000 barrels per day (bpd) as of Aug. 28 from nearly 959,000 bpd on Aug. 26, NOC said. Production was at about 1.28 million bpd on July 20, the company said.
Still, some supply is set to return to the market as eight members of the Organization of the Petroleum Exporting Countries (OPEC) and affiliates, known as OPEC+, are scheduled to boost output by 180,000 bpd in October. The plan is likely to go ahead regardless of demand worries, according to industry sources.
OPEC planners may decide that the expected upcoming cuts in US interest rates and the Libyan outage provides space for the addition of more oil, RBC Capital analyst Helima Croft said in a note.
"In our view, a prolonged Libyan outage could support Brent prices" around $85 a barrel, even with additional supply coming onto the market in the fourth quarter, she said.