Medical staff at Samsung Seoul Hospital attend to patient on intensive care unit. The hospital is one of four in South Korea that were included in an agreement with Health Authority - Abu Dhabi.
Medical staff at Samsung Seoul Hospital attend to patient on intensive care unit. The hospital is one of four in South Korea that were included in an agreement with Health Authority - Abu Dhabi.
Medical staff at Samsung Seoul Hospital attend to patient on intensive care unit. The hospital is one of four in South Korea that were included in an agreement with Health Authority - Abu Dhabi.
Medical staff at Samsung Seoul Hospital attend to patient on intensive care unit. The hospital is one of four in South Korea that were included in an agreement with Health Authority - Abu Dhabi.

Health treaty pays first dividend


  • English
  • Arabic

The first Emirati patient being treated under a hospital service agreement between Abu Dhabi and South Korea returned to the UAE yesterday.

The patient, a 28-year-old man from Abu Dhabi, had damaged vocal cords. He travelled to South Korea a week ago today and was treated at Seoul National University Hospital.

"The patient's vocal cords were irritated from long-term intubation at a hospital in his home country," said Dr Tack-Kyun Kwon, an ear, nose and throat specialist at the hospital. "We first did an assessment of his condition and checked his vocal cord functions."

The man was given injections to provide support to vocal folds that lack bulk or mobility.

Although his condition has improved, he needs to return to South Korea in mid-February for surgery, Dr Kwon said. No further information on the man's medical history was made available.

The Health Authority-Abu Dhabi (Haad) signed a hospital service agreement with South Korea's ministry of health and welfare last month. It covers four South Korean institutions: Samsung Seoul Hospital, Seoul National University Hospital, Asan Medical Centre and Seoul St Mary's Hospital.

The health authority has more than 10 hospital agreements with other countries, including Germany, the United Kingdom, the United States, Thailand and Singapore.

Haad is considering sending a second patient to South Korea for a kidney transplant at Asan Medical Centre. The hospital will first review the feasibility of the operation.

Dr Jamal Al Kaabi, director of customer care and corporate communication at Haad, said the authority chose South Korea because of its "excellent healthcare system".

"Their research and medical facilities are well advanced," he said. "And they have shown us that they are completely committed to making our patients feel comfortable while bearing cultural sensitivities in mind, even to the degree that they will ensure patients receive halal food."

The main treatments that Emirati patients are expected to receive in South Korea are oncology, organ transplantation and treatment of chronic cardiovascular diseases, Dr Al Kaabi said.

"We will first go through a pilot phase in the next month involving two or three patients," he said. "We will monitor the progress and, depending on the feedback we receive, we will start to increase the number of patients."

Under the agreement, the four hospitals will bill Haad within six months of treatment. The authority will then pay in South Korean currency through the UAE embassy in Seoul within 45 days.

South Korea estimates that its economic benefits from the deal could reach US$52 million (Dh191m) a year.

There are several South Korean hospitals in the UAE, including the Samsung Medical Center and Wooridul Spine Centre in Dubai.

And though 12 foreign medical institutions are authorised to operate in Abu Dhabi under Haad jurisdiction, certain procedures still call for treatment abroad.

Abu Dhabi subsidises between 2,500 and 3,000 Emirati patient visits abroad annually. One-third of the patients are sent to Germany, followed by 22 per cent to the United Kingdom and 16 per cent to the United States. Malignant tumours, paediatric surgery and spinal surgery constitute the majority of procedures referred abroad.

According to the Economic Intelligence Unit, the UAE spends an estimated $2 billion a year sending patients abroad for treatment.

The unit's 2011 healthcare and pharmaceuticals report attributes this to "the absence of local expertise, expensive treatment and a general lack of confidence in medical facilities", adding that the UAE suffers from a shortage of healthcare professionals of all kinds.

Nearly 80 per cent of doctors and more than 90 per cent of nurses in the UAE are expatriates, the report estimates.

The World Health Statistics report published by the World Health Organisation this year showed that the UAE had 9,215 physicians in 2010, or 1.93 physicians for every 1,000 people. By comparison, Germany has 3.8 doctors for every 1,000 people.

Dr Al Kaabi said the agreements with South Korea and other countries could stretch beyond patient referrals to include medical training for Emiratis.

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

How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.