‘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.



Gold Prices Climb on Safe-Haven Demand; US Payrolls Data in Focus

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)
TT

Gold Prices Climb on Safe-Haven Demand; US Payrolls Data in Focus

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold prices climbed on Friday, supported by safe-haven demand arising from the Middle East conflict, while spotlight shifted towards US payrolls report to gauge the trajectory of the Federal Reserve's policy path.
Spot gold was up 0.3% at $2,662.50 per ounce, as of 0325 GMT, after climbing to an all-time high of $2,685.42 on Sept. 26. Bullion has gained 0.2 for the week.
US gold futures edged 0.1% higher to $2,682.10.
The dollar eased 0.1%, pulling back from over a one-month high, making greenback-priced bullion less expensive for other currency holders, reported Reuters.
Geopolitical tensions, particularly concerning Israel and Iran, are supporting gold prices and unless these risks subside, prices are likely to remain near record levels, said Ajay Kedia, director at Kedia Commodities, Mumbai.
The US is discussing strikes on Iran's oil facilities as retaliation for Tehran's missile attack on Israel, President Joe Biden said, while Israel's military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah.
Bullion is considered a safe investment during times of political and financial uncertainty, and thrives in a low-rate environment.
The US nonfarm payroll data is due at 1230 GMT. New York Fed President John Williams and Chicago Fed President Austan are also scheduled to speak later in the day.
If the NFP report comes in strong, it will be positive for the dollar and then gold prices will see some profit-booking, Kedia added.
Traders see a 69% chance of a 25-basis-point Fed rate cut in November, according to CME FedWatch Tool.
BMI said in a note it expects gold prices to trade within the range of $2,500 to $2,800 in the coming months.
Spot silver rose 0.4% to $32.17 per ounce and has gained about 1.8% so far this week.
Platinum climbed 1.1% to $1,001.79 and palladium advanced 1.4% to $1,013.46.