Mayo Clinic, Abu Dhabi Health Services open hospital in UAE

General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Picture taken January 3, 2019. (Reuters)
Updated 24 November 2019

Mayo Clinic, Abu Dhabi Health Services open hospital in UAE

  • The hospital is licensed for 741 beds and is designed to provide specialty care across multiple practices
  • This is Mayo Clinic’s first joint venture to operate a hospital abroad

ROCHESTER: Mayo Clinic and Abu Dhabi Health Services Company have joined together to open a hospital for complex care in the United Arab Emirates.
Sheikh Shakhbout Medical City began accepting patients earlier this month and is expected to be in full operation early next year. The hospital is licensed for 741 beds and is designed to provide specialty care across multiple practices.
The companies said they hope to make Sheikh Shakhbout Medical City a top destination for medical care in the Middle East over the next decade. It will include a research center and the latest technology, including robotic surgery.
This is Mayo Clinic’s first joint venture to operate a hospital abroad. The Minnesota-based hospital opened a four-physician clinic earlier this year in London with Oxford University Clinic.


Aramco international listing ‘still on the cards’: Saudi finance minister

Updated 10 min 19 sec ago

Aramco international listing ‘still on the cards’: Saudi finance minister

  • The minister said that he was “very confident” that the Saudi economy was picking up speed
  • He said that international investors had responded positively to ongoing reforms in the Kingdom

LONODN: Saudi Finance Minister Mohammed Al-Jadaan said that an international listing of Saudi Aramco was “still on the cards” but likely won’t happen soon.
He made the disclosure in an interview with Bloomberg News at the World Economic Forum’s annual meeting in Davos, Switzerland on Wednesday.
The minister also said that he was “very confident” that the Saudi economy was picking up speed, as the Kingdom successfully completed a $5 billion bond sale this week after receiving orders for four times as much.
“Yesterday showed very clearly that demand for Saudi credit is very high and very healthy. We are very pleased not only with the level of debt but also the pricing,” he said. “Demand is very positive. We are starting seeing results of Vision 2030. The numbers are proving that reform is working. We are basically cashing on the successes.
The minister said that international investors had responded positively to ongoing reforms in the Kingdom.
“I think investors are focusing on fundamentals,” he said. “They see the growth they see the potential. We are seeing a growth in FDI, a growth in the number of applications for licenses. The confidence is back in a strong way.”