‘Altibbi’ CEO to Asharq Al-Awsat: Telehealth Projects to Produce Leap in Arab Primary Care Systems

Altibbi CEO Jalil Labadi (Asharq Al-Awsat)
Altibbi CEO Jalil Labadi (Asharq Al-Awsat)
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‘Altibbi’ CEO to Asharq Al-Awsat: Telehealth Projects to Produce Leap in Arab Primary Care Systems

Altibbi CEO Jalil Labadi (Asharq Al-Awsat)
Altibbi CEO Jalil Labadi (Asharq Al-Awsat)

The advancement of private sector digital technologies and the creation of pro-investment legislative environments are vital to the modern-day healthcare industry, according to Altibbi CEO Jalil Labadi.

After the coronavirus pandemic experience, the importance of expanding investment in telemedicine has become evident, noted Labadi, adding that Arab governments need to work towards expediting relevant legislation.

“The Arab market is huge, and it needs to activate the role of modern technologies, such as medical platforms and health applications,” said Labadi, explaining that competition in the telehealth industry remains low compared to demand.

In an interview with Asharq Al-Awsat, Labadi recommended that Arab governments reduce procedural and legal complications and shift towards accelerating the establishment of telemedicine projects.

Demand for digital healthcare has grown in recent years, with the coronavirus pandemic providing a significant boost as lockdowns forced people to depend on remote medical services.

During the pandemic, many governments and health ministries in Arab countries, such as Egypt and Jordan, worked closely together to help connect patients to healthcare providers. Giant call centers were established.

According to Labadi, telehealth projects’ most prominent challenges are talent scarcity and a lack of highly qualified cadres.

Combining the latest technologies, AI developments, big data, communication skills, and proper employment is vital to “solving yesterday’s problems with tomorrow’s ideas,” he noted.

Labadi stressed that facilitating telehealth projects will produce a leap in the primary health system in the region’s countries and help solve many problems facing the Arab health sector.

Saudi Arabia is heading toward significant transformation in its “primary care” project, noted Labadi, adding that the trend in the Kingdom will see lowering pressure on hospitals, shortening waiting queues, and swiftly connecting patients to high-quality general practitioners.

Founded in 2011, Altibbi is one of the region’s largest digital health companies. It offers around 4.5 million medical consultations each month.



OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts

The OPEC logo. Reuters
The OPEC logo. Reuters
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OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts

The OPEC logo. Reuters
The OPEC logo. Reuters

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group's fourth consecutive downward revision in the 2024 outlook.

The weaker outlook highlights the challenge facing OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia, which earlier this month postponed a plan to start raising output in December against a backdrop of falling prices.

In a monthly report on Tuesday, OPEC said world oil demand would rise by 1.82 million barrels per day in 2024, down from growth of 1.93 million bpd forecast last month. Until August, OPEC had kept the outlook unchanged since its first forecast in July 2023.

In the report, OPEC also cut its 2025 global demand growth estimate to 1.54 million bpd from 1.64 million bpd, Reuters.

China accounted for the bulk of the 2024 downgrade. OPEC trimmed its Chinese growth forecast to 450,000 bpd from 580,000 bpd and said diesel use in September fell year-on-year for a seventh consecutive month.

"Diesel has been under pressure from a slowdown in construction amid weak manufacturing activity, combined with the ongoing deployment of LNG-fuelled trucks," OPEC said with reference to China.

Oil pared gains after the report was issued, with Brent crude trading below $73 a barrel.

Forecasts on the strength of demand growth in 2024 vary widely, partly due to differences over demand from China and the pace of the world's switch to cleaner fuels.

OPEC is still at the top of industry estimates and has a long way to go to match the International Energy Agency's far lower view.

The IEA, which represents industrialised countries, sees demand growth of 860,000 bpd in 2024. The agency is scheduled to update its figures on Thursday.

- OUTPUT RISES

OPEC+ has implemented a series of output cuts since late 2022 to support prices, most of which are in place until the end of 2025.

The group was to start unwinding the most recent layer of cuts of 2.2 million bpd from December but said on Nov. 3 it will delay the plan for a month, as weak demand and rising supply outside the group maintain downward pressure on the market.

OPEC's output is also rising, the report showed, with Libyan production rebounding after being cut by unrest. OPEC+ pumped 40.34 million bpd in October, up 215,000 bpd from September. Iraq cut output to 4.07 million bpd, closer to its 4 million bpd quota.

As well as Iraq, OPEC has named Russia and Kazakhstan as among the OPEC+ countries which pumped above quotas.

Russia's output edged up in October by 9,000 bpd to about 9.01 million bpd, OPEC said, slightly above its quota.