Sanofi KSA launches next generation basal insulin

Dr. Abdul Rahman Al-Sheikh
Updated 06 March 2018
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Sanofi KSA launches next generation basal insulin

The control of blood sugar levels in patients with diabetes stays sub-optimal, with one in two patients on treatment for diabetes not reaching their glycemic objectives. With the aim of resolving this unmet need of patients, Sanofi KSA has launched a next generation basal insulin.
Dr. Saud Al-Sifiri, head of the endocrinology department at Al-Hada Hospital, said: “The International Diabetes Federation Report 2015 showed that the prevalence of diabetes in Saudi Arabia is 20 percent in the adult population. This ranks Saudi Arabia as the highest in the Middle Eastern countries and No.6 worldwide. This is primarily due to increasing obesity, sedentary lifestyles and an aging population and is the cause of substantial morbidity and mortality.”
Dr. Abdul Rahman Al-Sheikh, professor of internal medicine and endocrinology at King Abdul Aziz University and chairman of the Saudi Diabetes Society, added: “Hypoglycemia is associated with a high cost for the patient, the health care system, and society at large; there has been associated direct cost of hypoglycemia like hospitalization, physician cost and emergency cost, and indirect cost including the absence from work, reduced work capability and other related accidents. All of these have a direct effect on reducing quality of life, and reduced or even lost work capacity are additional costs to society.”
Dr. Ahmed Serag said: “Sanofi is proud of its leadership and long heritage in diabetes and insulin therapies, consisting of a vast offering of insulins which have supported patients in the management of their diabetes for more than a year.
We are committed to bringing innovative therapies that go beyond the pill and intend to provide much better health results for individuals with diabetes in Saudi Arabia. With the introduction of the next generation basal insulin we provide a reliable option that will resolve some of the previously unmet needs of diabetic patients in the Kingdom.”
According to the WHO, it is estimated that there have been more than 760,000 emergency hospitalizations per year; due to diabetes.
The cost of diabetes is around SR17 billion ($4.53 billion) per year; it is estimated to rise to SR27 billion if undiagnosed patients undergo treatment and eventually it will rise even further to SR43 billion if pre-diabetic patients became diabetic.


ADIB becomes first bank to join UAEIIC

Updated 23 June 2018
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ADIB becomes first bank to join UAEIIC

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors of the UAEIIC, headed by Sultan bin Saeed Al-Mansoori, UAE minister of economy.

Through this membership, ADIB will join government decision-makers, locally and internationally, with the support of the UAE’s minster of economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.

Khamis Buharoon, vice chairman and acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measures have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to playing an instrumental role in building on these efforts.”

He added: “The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favorable environment that supports national companies investing abroad. The council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.”

Jamal Saif Al-Jarwan, secretary-general of the Emirates Council for overseas investors, said: “We have the honor to join Abu Dhabi Islamic Bank as an active member of the council, which contributes to enhancing the role of the council’s working environment to support the state’s economic development and to keep pace with developments in the economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.”

He added: “Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power of our young state in the world, which is a great achievement and a strong demonstration of the path of investment of the Emirati investors in the right direction.”