Business Extra: What does the future hold for NMC Health?


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  • Arabic

NMC Health, one of the largest private healthcare companies in the UAE, is under pressure as dozens of creditors locally and internationally reveal their exposure to the indebted group.

Mustafa Alrawi, assistant editor in chief, and Kelsey Warner, future editor, are joined by The National's Michael Fahy, who has been covering the unfolding saga.

The 46-year-old company, founded by BR Shetty, is at risk of going into administration. This is a saga that began months ago and includes allegations of fraud. Management, board members and the founder have parted ways with the company.

Later in the show, an update on how artificial intelligence is underpinning some of the global Covid-19 response, 100 days into the pandemic.

In this episode

  • The fate of NMC (0m 42s)
  • BR Shetty on Finablr listing (16m 05s)
  • AI and Covid-19 (18m 35s)
  • Headlines (19m 56s)

Read more

• UAE companies declare exposure to NMC Health as administration looms

• NMC Health's new chairman calls for debt standstill as ADCB seeks to appoint administrators

• Finablr appoints industry veteran Bhairav Trivedi as chief executive

• Gulf states back Riyadh's call for emergency producers meeting

• Oil gains as producers look to historic production cut deal

• Zoom's chief executive admits to security flaws but vows to win back users' trust

• Airline emissions to fall 38% in 2020, study finds

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Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Mental%20health%20support%20in%20the%20UAE
%3Cp%3E%E2%97%8F%20Estijaba%20helpline%3A%208001717%3Cbr%3E%E2%97%8F%20UAE%20Ministry%20of%20Health%20and%20Prevention%20hotline%3A%20045192519%3Cbr%3E%E2%97%8F%20UAE%20Mental%20health%20support%20line%3A%20800%204673%20(Hope)%3Cbr%3EMore%20information%20at%20hope.hw.gov.ae%3C%2Fp%3E%0A

The Disaster Artist

Director: James Franco

Starring: James Franco, Dave Franco, Seth Rogan

Four stars