The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Burjeel Holdings<br />
Announces a New<br />
Saudi Venture<br />
Burjeel Holdings, a leading<br />
healthcare provider in the<br />
UAE, has announced a new<br />
joint venture with Saudi<br />
Arabia’s Dr. Sulaiman Al Habib Medical<br />
Group. <strong>The</strong> new partnership will bring<br />
Burjeel’s world-class healthcare<br />
services to Saudi Arabia, with the<br />
first facility set to open in Riyadh in<br />
<strong>2023</strong>. <strong>The</strong> new hospital will feature<br />
state-of-the-art medical equipment and<br />
technology, and will offer a wide range of<br />
specialized medical services, including<br />
cardiology, neurology, orthopedics, and<br />
more. Burjeel Holdings aims to expand<br />
its presence in the Middle East and offer<br />
patients in Saudi Arabia access to the<br />
same level of care and expertise that<br />
its facilities are known for in the UAE.<br />
GCC Healthcare Spending Set to Surge to $99.6B<br />
by <strong>2023</strong><br />
<strong>The</strong> healthcare sector in the Gulf<br />
Cooperation Council (GCC)<br />
is expected to experience<br />
significant growth over the<br />
next few years. According to a recent<br />
report, healthcare spending in the GCC<br />
region is predicted to reach $99.6B<br />
by <strong>2023</strong>, with an annual growth rate<br />
of 4.9%. Factors contributing to this<br />
growth include increasing populations,<br />
rising incidences of chronic diseases,<br />
and a growing demand for better quality<br />
healthcare services. Additionally, governments<br />
in the region are investing<br />
heavily in the sector by building new<br />
hospitals and clinics, and implementing<br />
advanced technologies to enhance<br />
patient care. Overall, the future looks<br />
bright for the healthcare industry in<br />
the GCC region.<br />
Alveo Technologies Inc Wins Top Prize at Medlab Middle East’s<br />
Labpreneur Competition<br />
Alveo Technologies Inc, a<br />
California-based biotech<br />
company, emerged as the<br />
winner of the first-ever<br />
Labpreneur competition at the Medlab<br />
Middle East <strong>2023</strong>. <strong>The</strong> Labpreneur<br />
competition is a new initiative that<br />
recognizes outstanding innovation and<br />
entrepreneurial spirit in the healthcare<br />
industry. Alveo Technologies Inc won<br />
the competition for their innovative<br />
diagnostic technology that can detect<br />
infectious diseases with high accuracy<br />
and speed, using a small portable<br />
device. <strong>The</strong> technology has the potential<br />
to revolutionize the way infectious<br />
diseases are diagnosed and treated,<br />
especially in low-resource settings.<br />
<strong>The</strong> Labpreneur competition was highly<br />
competitive, with several innovative<br />
companies vying for the top prize,<br />
but Alveo Technologies Inc ultimately<br />
emerged victorious.<br />
<strong>March</strong> <strong>2023</strong> www.thefinanceworld.com 53
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