Our region is home to multiple quality medical schools and research facilities, such as the Gulf Medical University in Ajman. Courtesy Gulf Medical University
Our region is home to multiple quality medical schools and research facilities, such as the Gulf Medical University in Ajman. Courtesy Gulf Medical University
Our region is home to multiple quality medical schools and research facilities, such as the Gulf Medical University in Ajman. Courtesy Gulf Medical University
There is no doubt that the GCC region is home to immensely talented and ambitious individuals with a will to succeed. Our nations have come a long way over the past few decades, and our cities have established benchmarks around the world for their rapid development and progress within a relatively short duration. We have demonstrated notable advancements in myriad fields. This is especially true in the case of entrepreneurship, which has historically been one of our greatest strengths and the key to our progress.
Given the challenges and drastic lifestyle changes resulting from the Covid-19 pandemic, our region along with the rest of the world is anxiously awaiting the arrival of a safe and effective vaccine. People across the globe share this keenness to be able to move freely as was the case prior to the pandemic, without worrying about potential contagion.
It is interesting to note that although this challenge is a global one, we are all looking to other countries, largely in the West,to present us with the solution. The West is, of course, home to corporate pharmaceutical giants, as well as to leading research facilities in science and medicine.
Although there is a distinct lack of clarity at this time about the actual distribution of the vaccine once it is finally available, it is more than likely that the political climate as well as the pricing will determine which nations have first access, and influence the channels of distribution.
People across the globe will be eager to access the vaccine as soon as possible and move past these challenging times. However, powerful names in the pharmaceutical industry as well as leading superpowers will hold sway in this matter.
Perhaps this predicament is a useful opportunity to explore the possibility of investing more proactively in medical science and R&D facilities in our region.
After all, the Arab region made notable contributions to the fields of science and medicine during what we know as the Islamic Golden Age. The world continues to build on and benefit from the impressive knowledge and insights of various Arab scholars and scientists, such as Ibn Al Haytham, hailed as the father of modern optics, and Ibn Al Nafis, known as the father of modern circulatory physiology.
This is the time to begin the journey to reclaim our place in the global scientific and medical arenas. In order to successfully create an environment that allows us to advance and innovate in these fields, we must re-examine our school curriculums and begin to make science more appealing for children everywhere.
After-school programmes, science exhibitions and competitions are all excellent ways to get our youth to engage actively with science from their early years and opt to learn it as an interest rather than a compulsory subject at school.
Dr Mohamed Al Ketbi is one of nine Emirati resident doctors in France who decided to stay at the University Hospital of Nice to assist his colleagues in fighting Covid-19. Courtesy of Dr Mohamed Al Ketbi
Similarly, if we engage with the young scientists of the upcoming decades as early in their lives as possible, we can empower them in unlocking their potential and contributing to the cause sooner rather than later.
There are several trailblazers in the Arab region and they are proof that scientific talent certainly exists in our region. One of the most notable examples of our time is Dr Hayat Sindi of Saudi Arabia, who is recognised globally for her impactful contributions in point-of-care medical testing and biotechnology.
We must empower our children to look up to the shining stars from our region and encourage them to follow in their footsteps, if they have the talent and the inclination to do so.
Our region is home to multiple quality medical schools and research facilities. However, we must explore how we can enhance and expand their frameworks so that they are able to function as centres of innovation and deliver world-class products, including treatments, vaccines and technology to combat regional and global healthcare challenges.
Both the government and the private sectors across the GCC region already offer a range of scholarships for our capable students. However, a renewed emphasis on science and medicine as exciting solutions to the world's health challenges will encourage students to explore careers in health care and related professions.
Dr Hayat Sindi is recognised globally for her contributions in point-of-care medical testing and biotechnology. Sarah Dea for The National
Developing our healthcare and research sectors will open up a range of opportunities for entrepreneurs, and could serve as an effective path forward in revitalising our economies in post-pandemic times – if we plan carefully and think beyond our usual confines. Apart from research and medical facilities, we could consider investing to advance medical technologies, manufacture equipment used in labs, or in the infrastructure of hospitals, educational institutions and research facilities.
A drive to innovate and develop new opportunities is the hallmark of every successful nation. The Covid-19 pandemic has resulted in a series of challenges, but it is up to us to find opportunities within our fast-evolving environment.
Through investing in medicine and related fields, we will not only be able to further diversify our economies, but can also depend less on external solutions for treatments, vaccines and medical technology in the future.
Mohammed Alardhi is executive chairman of Investcorp, chairman of Bank Sohar and was longest-serving Omani head of the Royal Air Force of Oman
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
Premier League-standard football pitch
400m Olympic running track
NBA-spec basketball court with auditorium
600-seat auditorium
Spaces for historical and cultural exploration
An elevated football field that doubles as a helipad
Specialist robotics and science laboratories
AR and VR-enabled learning centres
Disruption Lab and Research Centre for developing entrepreneurial skills
BIO
Favourite holiday destination: Turkey - because the government look after animals so well there.
Favourite film: I love scary movies. I have so many favourites but The Ring stands out.
Favourite book: The Lord of the Rings. I didn’t like the movies but I loved the books.
Favourite colour: Black.
Favourite music: Hard rock. I actually also perform as a rock DJ in Dubai.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange