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.



Bahrain’s Investcorp Announces Major Changes in its Executive Team

Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
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Bahrain’s Investcorp Announces Major Changes in its Executive Team

Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)

Bahrain’s Investcorp, a leading global alternative investment firm, announced on Monday a major change in its executive leadership team, saying that co-CEO Hazem Ben-Gacem will leave after 30 years as the company embarks on a major management reshuffle in an effort to boost returns.

In a statement, Investcorp said co-CEO Rishi Kapoor had been appointed vice chairman and chief investment officer while Executive Chairman Mohammed Alardhi would assume additional responsibilities previously undertaken by the co-CEOs.

The group has more than $52 billion in assets under management and is known for taking luxury brands public.

Ben-Gacem will leave Investcorp effective Nov. 1, but will continue as vice chairman of investment unit Investcorp Capital, the company said.

As part of the shake-up, Investcorp said it had consolidated and organized its investment activities in three units.

Dave Tayeh is taking the helm of Private Equity and Private Equity like, Herb Myers and Mike O'Brien will be in charge of Real Assets, and Jeremy Ghose will lead the Credit business.

Yusef Al-Yusef will be leading the Global Distribution Platform.

Mohammed Alardhi, Executive Chairman at Investcorp, said: “As we increase our focus on leveraging the strength of our existing investment platform, we recognize it is the right time to broaden our executive leadership to support our future growth plans.”

“Rishi and Hazem have helped lead our business from strength to strength in the last several years after we launched our growth journey,” he added.