Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare features among India's Top 5 cash-rich promoters
As Aster DM Healthcare enters its next phase of growth, Dr. Moopen's journey stands as a powerful example of how healthcare, rooted in purpose, can also become a powerful engine of sustainable financial value.
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Jordan Times
a day ago
- Jordan Times
JAF sends medical aid to Jordan's field hospital in Gaza
AMMAN — The Jordan Armed Forces–Arab Army (JAF) on Wednesday dispatched a new aid convoy to the Jordanian field hospital in southern Gaza, reinforcing its ongoing medical and humanitarian mission to support the Palestinian people. The convoy, organised by the Royal Supply and Transport Directorate, included food supplies, drinking water, fuel and other humanitarian aid, aimed at maintaining the hospital's full operational capacity and ensuring continued medical care for patients and the wounded in the Gaza Strip, the Jordan News Agency, Petra, reported. The field hospital remains fully functional, offering advanced healthcare services through its specialised medical and technical teams. These efforts have helped alleviate the severe humanitarian suffering endured by Palestinians amid the region's ongoing crisis. Since its establishment two years ago, the hospital has treated approximately 364,883 patients. It has also conducted 19,302 major and minor surgical procedures, in addition to providing emergency care, radiology and laboratory services, and round-the-clock nursing within an integrated healthcare framework. These efforts underscore the unwavering humanitarian commitment of the Jordan Armed Forces to supporting brotherly nations and enhancing the resilience of medical institutions in conflict-affected areas, in line with its mission to deliver relief and assistance wherever needed. Jordan runs two military field hospitals in Gaza, one in the Strip's north, which was established in 2009 following the war in 2008. The second was established in Khan Younis in the south in November 2023 at the peak of the Israeli war of aggression on the coastal enclave that erupted on October 7, 2023. Besides the field hospitals in Gaza, the JAF established the Jordanian field hospital in Nablus in late November 2023 and has conducted over 900 surgeries and received more than 83,000 patients ever since. The Kingdom, in cooperation with the World Central Kitchen, has also dispatched a mobile bakery with a production capacity of 3,500 loaves of bread per hour to Gaza.
Al Bawaba
2 days ago
- Al Bawaba
Oil Price Outlook: August 2025–July 2026
Dr. Gil Feiler Oil markets enter a phase of moderate fundamentals with Brent expected to average ~$66–69 USD/barrel in H2 2025, gradually declining to around $58 USD in mid-2026. This forecast reflects a confluence of rising non‑OPEC+ supply, shifting demand dynamics—particularly in non‑OECD economies—and recurring geopolitical risk episodes. The short‑term upside remains tied to conflict‑driven disruptions, whereas structural oversupply is likely to cap prices in the medium term. Market Fundamentals: Supply & Demand Dynamics Three leading agencies—the EIA, IEA, and OPEC—converge toward global demand growth of 0.7–1.3 million barrels per day (mb/d) in 2025 and 2026, with key divergences in estimates of supply growth. Demand: The IEA forecasts demand growth of around 700 kb/d in 2025 and again in 2026, led by emerging markets such as India and China  . OPEC maintains a more optimistic view, expecting 1.3 mb/d annual growth across both years, particularly in non‑OECD regions . Supply: The EIA anticipates non‑OPEC+ supply and NGL growth of ~1.4–1.8 mb/d in 2025 and ~0.9 mb/d in 2026, while the IEA projects supply expansion of 1.3–1.5 mb/d annually as U.S. shale and projects in Brazil, Guyana, and Canada ramp up . Together these assumptions point to a gradual shift toward a mild oversupply environment, especially as inventory builds resume later in 2025. Price Forecast Trajectory Near Term: Aug–Dec 2025 Output increases from OPEC+ (notably ~0.41 mb/d in August) and steady non‑OPEC growth are expected to create supply surplus, partially offset by regional geopolitical risks from the Middle East . The EIA forecasts Brent averaging ~$69 in 2025, with WTI near $65 bbl, reflecting upward revisions due to risk premiums, though inventory builds remain a downward force . Goldman Sachs, in its April 2025 update, forecasts Brent ~$63, WTI ~$59 for 2025, anticipating a mild surplus of ~0.8 mb/d, and deeper surplus of 1.4 mb/d in 2026 . Consensus analyst polls reinforce this with average price predictions for Brent near $67–68 and WTI around $64–65. Mid to Long Term: 2026 (Jan–Jul) Beyond year‑end, rising inventory levels and continued non‑OPEC production growth are expected to exert downward pressure. The EIA projects Brent to average ~$58 bbl in 2026 and WTI at around $55–56 bbl. Goldman Sachs' outlook aligns, projecting Brent ~$58 and WTI ~$55 amid strong market imbalance and trade‑induced demand softness. Risk Scenarios & Sensitivity Analysis Upside risks: Iran's threat to close the Strait of Hormuz in June 2025 hints at potential strikes that could disrupt ~20% of global crude flows, potentially forcing prices above $100 during acute volatility episodes • Downside risks: A sharp deceleration of Chinese or U.S. demand due to trade wars or recession could weaken price support beyond the base forecast. Inventory trends and spare capacity drive expected price compression. OECD inventories are likely to grow from 61 to 66 days of supply by end‑2026, supporting the bearish forecast Large-scale new production capacity, particularly in the U.S. and Guyana, combined with slow OPEC+ easing of voluntary cuts (approx. 2.2 mb/d phased out Sept 2024 to mid‑2025), is set to tip the balance further . On the demand side, China's oil import growth has slowed despite rapid renewables expansion and electric vehicle adoption, signaling structural demand weakening in transport fuels. Conclusion In summary, the academic consensus—anchored on reputable institutional forecasts—indicates: Brent crude: expected to average USD 66–69 in late 2025, declining to ~USD 58 by mid‑2026. WTI crude: likely averaging USD 63–65, sliding to USD 55–56. These projections take account of oversupply trends, subdued demand forecast, and moderate geopolitical risk premiums. Short‑term volatility (e.g. ~$80–100) remains possible from conflict escalation, but absent severe disruptions, the prevailing trend favors gradual price compression driven by expanded supply and softening global demand fundamentals.
Al Bawaba
2 days ago
- Al Bawaba
IBM Report: Data Breach Costs Drop 18% in the Middle East, Reaching SAR 27 Million in 2025
IBM (NYSE:IBM) released its 2025 Cost of a Data Breach Report, revealing that the average cost of a data breach for businesses in the Middle East reached SAR 27.00 million. This represents a decrease of approximately 18% from SAR 32.80 million the year prior. According to the report, the top three factors that reduced breach costs for local businesses were AI/ML-driven insights, encryption and a DevSecOps the Middle East, lost business remained the largest cost category in 2025, averaging SAR 11.63 million per breach. This was followed by post-breach response costs at SAR 7.50 million, detection and escalation at SAR 6.55 million, and notification costs at SAR 1.32 million. While overall breach costs have declined this year, these figures underscore the continued financial strain organizations face across the entire breach lifecycle — from discovery to sectors continued to face significantly high breach costs in 2025. This year, the financial sector recorded the highest total breach cost reaching SAR 34.00 million, followed closely by energy and industrial at SAR 32.00 million.'It is encouraging to see a meaningful decline in the cost of data breaches in the Middle East this year. It is no coincidence that a region with some of the world's boldest AI ambitions is also seeing less costly breaches. As organizations accelerate the adoption of AI-driven tools for security, they are improving their ability to detect and contain threats before they escalate. But as attackers grow more sophisticated, continued investment in AI-driven security tools, security talent, and AI governance tools will be essential to sustaining this momentum,' said Saad Toma, General Manager of IBM Middle East and key findings in the 2025 IBM report for the Middle East include:• Mitigating risks of AI model attacks – To reduce the risk of attacks on AI models, organizations in the Middle East are most commonly implementing access controls on AI systems (41%). By contrast, just 3% of breached organizations globally had such controls in place, highlighting the region's more proactive approach to securing and governing AI.• AI governance adoption – 38% of surveyed organizations reported having formal AI governance policies in place, with an additional 24% starting to develop them. For those with policies in place, the most common elements include strict approval processes for AI deployments (45%), adversarial testing (44%) and the use of AI governance technology (43%).• Factors that increase costs – Organizations with security system complexity incurred an average additional cost of SAR 867,378. Breaches affecting IoT or OT environments added SAR 839,750, while security staff shortages raised costs by SAR 818,997 on average.• Top initial attack vectors – The most common initial causes of data breaches in 2025 were third-party vendor and supply chain compromise, which account for 17% of incidents and carried an average cost of 29.60 million. Denial of service attacks and phishing each made up 14% of breaches, with average costs of SAR 27.20 million and SAR 28.00 million respectively. Malicious insider threats, while slightly less frequent at 11%, resulted in the highest average cost at SAR 33.00 million. The 2025 Cost of a Data Breach Report analyzed real-world data breaches from over 600 organizations worldwide from March 2024 through February 2025, including organizations from Saudi Arabia and the United Arab Emirates. Conducted by Ponemon Institute and sponsored and analyzed by IBM, the Cost of a Data Breach Report has investigated nearly 6,500 data breaches over the past 20 years.
