Latest news with #MiddleEastHealthcare
Argaam
08-07-2025
- Business
- Argaam
Saudi German Health kicks off ops at 21 additional clinics in Dammam
Middle East Healthcare Co. (Saudi German Health) commenced operations for 21 additional clinics in advanced medical specialties, located within the Saudi German Hospital building in Dammam. In a statement to Tadawul, the company said that this expansion is part of its strategic plan to enhance specialized services and meet the growing demand for advanced healthcare in the Eastern Province. It indicated that the expansion will have a positive financial impact its financial and operational performance, including an increase in revenues by providing highly specialized services, accommodating a larger number of patients, and expanding the range of services offered. This is in addition to improved operational efficiency by maximizing the use of existing infrastructure and specialized medical staff, and enhanced patient experience and upgraded quality of care. The company also reaffirmed its ongoing commitment to developing its medical services in line with the highest standards, supporting the goals of Saudi Vision 2030 to bolster the efficiency and accessibility of healthcare services.
Reuters
08-05-2025
- Business
- Reuters
Major Gulf markets mixed on earnings, focus on US-China talks
May 8 (Reuters) - Major stock markets in the Gulf were mixed in early trade on Thursday on earnings results, while investors awaited the outcome of U.S.-China trade talks this weekend. U.S. President Donald Trump on Wednesday suggested China initiated the trade talks, adding he was not willing to cut U.S. tariffs on Chinese goods to get Beijing to negotiations. Bessent said the upcoming talks were a start, not 'advanced' discussions. Saudi Arabia's benchmark index (.TASI), opens new tab fell 0.3%, hit by a 1.6% decline in Saudi Arabian Mining Company ( opens new tab. ACWA Power Company ( opens new tab lost 1.1%. The energy and water solutions provider posted a first-quarter net profit of 427.2 million riyals, up year-on-year but down about 15% from the previous quarter. Elsewhere, Middle East Healthcare Company ( opens new tab dived 7.5%, despite reporting a sharp rise in quarterly profit. Dubai's main share index (.DFMGI), opens new tab lost 0.3%, with blue-chip developer Emaar Properties ( opens new tab slipping 0.7%. Meanwhile, the U.S. Federal Reserve held interest rates steady on Wednesday but said risks of higher inflation and unemployment had risen, as its policymakers grapple with the impact of Trump's tariffs. The Fed's decisions impact monetary policy in the Gulf, where most currencies, including the dirhams, are pegged to the U.S. dollar. The United Arab Emirates Central Bank has maintained its base rate at 4.40%, keeping monetary policy steady. In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.3%, helped by a 2.5% rise in ADNOC Drilling Company ( opens new tab, a day after reporting a 25% jump in first-quarter profit. The Qatari index (.QSI), opens new tab gained 0.7%, led by a 1.5% rise in Qatar Islamic Bank ( opens new tab. Separately, Trump said on Wednesday he will soon have an announcement on whether the U.S. will ease microchip export restrictions to some Gulf countries.
