‘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.



Moody's Upgrades Saudi Arabia's Credit Rating

Moody's indicated that the rating upgrade and stable outlook are results of the Kingdom's ongoing progress in economic diversification. Reuters
Moody's indicated that the rating upgrade and stable outlook are results of the Kingdom's ongoing progress in economic diversification. Reuters
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Moody's Upgrades Saudi Arabia's Credit Rating

Moody's indicated that the rating upgrade and stable outlook are results of the Kingdom's ongoing progress in economic diversification. Reuters
Moody's indicated that the rating upgrade and stable outlook are results of the Kingdom's ongoing progress in economic diversification. Reuters

The credit rating agency “Moody’s Ratings” upgraded Saudi Arabia’s credit rating to “Aa3” in local and foreign currency, with a “stable” outlook.
The agency indicated in its report that the rating upgrade and stable outlook are results of the Kingdom's ongoing progress in economic diversification and the robust growth of its non-oil sector. Over time, the advancements are expected to reduce Saudi Arabia’s exposure to oil market developments and long-term carbon transition on its economy and public finances.
The agency commended the Kingdom's financial planning within the fiscal space, emphasizing its commitment to prioritizing expenditure and enhancing the spending efficiency. Additionally, the government’s ongoing efforts to utilize available fiscal resources to diversify the economic base through transformative spending were highlighted as instrumental in supporting the sustainable development of the Kingdom's non-oil economy and maintaining a strong fiscal position.
In its report, the agency noted that the planning and commitment underpin its projection of a relatively stable fiscal deficit, which could range between 2%-3% of gross domestic product (GDP).
Moody's expected that the non-oil private-sector GDP of Saudi Arabia will expand by 4-5% in the coming years, positioning it among the highest in the Gulf Cooperation Council (GCC) region, an indication of continued progress in the diversification efforts reducing the Kingdom’s exposure to oil market developments.
In recent years, the Kingdom achieved multiple credit rating upgrades from global rating agencies. These advancements reflect the Kingdom's ongoing efforts toward economic transformation, supported by structural reforms and the adoption of fiscal policies that promote financial sustainability, enhance financial planning efficiency, and reinforce the Kingdom's strong and resilient fiscal position.