Dr Tarek Fathey, the new chief executive of Seha. Courtesy Seha
Dr Tarek Fathey, the new chief executive of Seha. Courtesy Seha
Dr Tarek Fathey, the new chief executive of Seha. Courtesy Seha
Dr Tarek Fathey, the new chief executive of Seha. Courtesy Seha

New chief executive for Abu Dhabi's Seha at a crucial time


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Abu Dhabi Health Services Company (Seha) has appointed healthcare industry veteran Dr Tarek Fathey as its new chief executive.

Dr Fathey, who is from Egypt, joins Seha from Mediclinic, where he served as the chief operating officer.

Seha, which owns and operates all public hospitals and clinics in the emirate, has been at the heart of the UAE's response to the Covid-19 pandemic.

It has overseen the rollout of testing centres and vaccination hubs to control and curb the outbreak

Dr Fathey originally trained as a paediatric general practitioner and worked in teaching hospitals and private practice in Egypt before joining Mediclinic in Dubai in 1998.

He holds a bachelor of medicine from the University of Alexandria, Egypt, and a master’s in business administration from the University of Wollongong, Australia.

Seha said Dr Fathey was a seasoned, award-winning healthcare leader who brings 25 years of extensive experience to the role.

“Seha is strongly recognised and highly respected as a leader in the UAE’s healthcare landscape, delivering on the national agenda of bringing best-in-class healthcare services to the local population," said Dr Fathey.

"I look forward to collectively contributing to the sector’s growth, keeping patients at the core of everything we do and setting industry benchmarks to provide the highest quality of care."

Salem Al Noaimi, chairman of Seha, said the appointment will further strengthen the network's position as the cornerstone of Abu Dhabi's healthcare system.

"He brings with him expertise that is essential for our commitment to patient-centricity and advancing world-class care," said Mr Al Noaimi. "His proven track record will undoubtedly be critical in furthering Seha’s growth ambitions and adding value to our clients and the wider UAE healthcare industry.”

He replaces Dr Gareth Goodier, who joined the company in 2018 and said he wanted to improve patient experience across the board.

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Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

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Launched: 2008

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Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

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430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

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Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Punchy appearance

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THE BIO

Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.

Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.

Personal motto: If something’s meant for you it won’t pass you by.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.