Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economy

5 Jan 2022

Abu Dhabi’s ADQ Set to Create UAE’s Largest Healthcare Firm

The Index Today

ADQ, one of Abu Dhabi’s premier wealth fund companies, is gearing up to form the largest healthcare facility in the United Arab Emirates known as Pure Health, to meet the mounting need for health services in the country.

According to ADQ’s CEO, Mohamed Hassan Alsuwaidi, “Pure Health will be instrumental in transforming the provision of healthcare as we consolidate several companies into the platform.” Pure Health will comprise Abu Dhabi Health Services Co. (SEHA), National Insurance Co. (Daman), Yas Clinic Group, Tamouh Healthcare, and Abu Dhabi Stem Cell Center, with ADQ owning the majority of shares.

In a statement released on Wednesday, Mohamed Thani Murshed Al Rumaithi, the Chairman of Abu Dhabi Holding, said, “Going forward, Pure Health will actively seek expansion opportunities globally to further diversify its portfolio and leverage its success in the UAE.”

©Photo: khaleejtimes

Clay pottery with table linens