Saudi Health draws strong interest

Updated 03 May 2014

Saudi Health draws strong interest

Saudi Health Exhibition & Conferences 2014, the largest health care event in Saudi Arabia, continues to generate strong interest from leading health care companies in local, regional, and global markets, with more premier industry leaders expressing their plan to participate in this year’s international show.
To date, nine major health care organizations have confirmed their sponsorship of the event including Rakaa Medical Company as the diamond sponsor and Siemens Saudi Arabia, Salehiya Medical, Dräger Saudi Arabia, Nawah Healthcare, Care and Planning for Hospital Co. Ltd., Mediserv-Medical Supplies and Services Co, GE Healthcare and Saudi German Hospitals as platinum sponsors.
The exhibition will take place from May 19-21 at the Riyadh International Convention and Exhi-bition Center.
The second Saudi Health Exhibition & Conferences is jointly organized by Riyadh Exhibitions Company (REC) and Informa Life Sciences Exhibitions.
The Ministry of Health, Saudi Food and Drug Authority, Riyadh Chamber of Commerce and In-dustry, Council of Health Services and Sultan bin Abdulaziz Humanitarian City are supporting the show.
More than 300 regional and international health care stakeholders, dealers, distributors, suppliers, and service providers will gather at the three-day event to showcase their products, latest tech-nologies, and services to the growing KSA audience of health care professionals and service pro-viders. It will also serve as a venue for the participants to learn, network, and create business op-portunities.
Fahad Al-Athel, deputy general manager, Riyadh Exhibitions Company, said: “We are expecting a larger number of participants this year with companies from more than 20 nations, including Canada, China, France, Germany, Korea, Pakistan, Taiwan, Turkey, UK, and the US, signing up for the show. Encouraged by the 30 percent increase in participation over 2013’s edition, the show is witnessing additional interest both from industry stakeholders and specialized visitors. Saudi Health Exhibition & Conferences has indeed solidified its reputation as the premier health care event across the Kingdom.”
Simon Page, managing director, Informa Life Sciences Exhibitions, added: “We express our gratitude to leading local and international companies for recognizing the event’s pivotal role in bolstering the Kingdom’s health care industry. Sharing best practices and expertise with industry peers is essential to enhance the growth trajectory of the health care environment in Saudi Arabia which has been recognized by the Saudi MoH in their continuous support for this event. There are a wealth of learning and networking opportunities during the event to guide and help visitors achieve their business goals. Participating in this event will truly be a rewarding experience for them.”
In addition, this year’s show will feature nine CME-accredited conferences to highlight significant health issues in the Kingdom as well as the wider region.
These topics include nursing, hospital management, medical laboratory, cardiology, technical management of radiology as well as the future of radiology in Saudi Arabia, nuclear medicine, re-habilitation and the future of Saudi Arabia’s health care sector.


Oil surges on hopes of new deal on output cuts

Updated 02 June 2020

Oil surges on hopes of new deal on output cuts

  • Brent price has doubled in five weeks
  • OPEC talks may be brought forward

DUBAI: Oil prices surged toward $40 a barrel on Monday as hopes rose for an early agreement to extend the big production cuts agreed by Saudi Arabia and Russia under the OPEC+ alliance.

Brent, the global benchmark, jumped by more 9 percent to nearly $39, continuing the surge that has doubled the price in five weeks — the best performance in its history. It recovered after record supply cuts agreed between the 23 countries of the OPEC+ partnership, and enforced cuts in US shale oil.

DME Oman crude, the regional benchmark in which a lot of Saudi Aramco exports are priced, rose above $40 a barrel for the first time since early March.

Market sentiment was buoyed by the possibility that the Organization of Petroleum Exporting Countries would agree with non-OPEC members to extend the cuts for a longer period than was agreed in April.

Oil analysts expect OPEC to fast track a “virtual” meeting to formally agree to maintaining cuts at the record 9.7 million barrels a day level. The meeting was scheduled for June 9, but bringing it forward would allow producers more time to set pricing levels.

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An official with one OPEC delegation told Arab News there was consensus among the 23 OPEC+ members for the new date, which could be as early as June 4. The meeting will also consider how long the current level of cuts would be maintained. Some OPEC members want it to run to the end of the year, other producers would prefer a two-month extension.

Omar Najia, global head of derivatives with trader BB Energy, told a forum run by Gulf Intelligence consultancy: “I’d be amazed if OPEC did not extend the higher level of cuts. As long as Saudi Arabia and Russia continue saying nice things to each other I’d expect the rally to continue.”

A Moscow source close to the oil industry said energy officials there had come to the conclusion that “the deal is working” and it was important to keep prices at an “acceptable” level.

Sentiment was also affected by a comparatively high level of compliance with the new cuts, running at about 75 percent among OPEC+ members, with only Iraq and Nigeria noticeable under-compliers.

Robin Mills, chief executive of Qamar Energy, said: “That’s where I’d expect it to be after two months in such a fluid situation. It will be even better in June.”