DBWC Issued a Detailed Report on the Healthcare Services Industry
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The Dubai Business Women Council (DBWC) has published an extensive report outlining the obstacles holding back the development of Dubai’s healthcare sector, the key elements boosting its competitive edge, and the prospects for women in this essential field. The conclusions featured in this report were based on the third industry-focused round-table discussion.
The Round table meeting delved into key trends in healthcare, identifying major challenges such as the need for comprehensive sector studies, clear frameworks for policies and governance, strategies for retaining skilled staff, the importance of public-private partnerships, mental health policy development, and streamlining licensing processes.
Participants also agreed on the importance of incorporating technology and innovation to enhance the sector’s competitiveness and growth. They stressed the need for strategic partnerships between private companies and major government entities like the Dubai Integrated Economic Zones Authority (DIEZ) and Dubai Silicon Oasis, to promote the concept of smart hospitals.
Entrepreneurs from digital healthcare startups highlighted the significance of reaching a wider audience for effective health management. They acknowledged the growing demand for mental health and rehabilitation services and stressed on the urgent need for investments in future trends to strengthen Dubai’s position as a leading medical tourism destination and a hub for medical expertise and talent.
The collaboration between the public and private sectors was highly praised for its role in improving Dubai’s healthcare performance, especially in areas like dialysis, rehabilitation centres, physiotherapy, and post-traumatic care.
The conversation also covered workforce challenges in the industry, like nurse retention, return on investment in training, standardizing salaries and licensing, and clear career paths. Solutions proposed included incentives, golden visas, and comprehensive strategies for retaining trained medical professionals.
These discussions are part of the DBWC’s initiatives aimed at improving the business knowledge of women entrepreneurs and professionals, focusing on market analysis, opportunity identification, and effective capitalization strategies.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Employment grew for the 16th consecutive month as companies expanded.
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According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
