The US president Barack Obama (centre) is welcomed to the Kingdom of Saudi Arabia by King Abdullah (left) at King Khalid International Airport in Riyadh.
The US president Barack Obama (centre) is welcomed to the Kingdom of Saudi Arabia by King Abdullah (left) at King Khalid International Airport in Riyadh.

Obama launches Middle East trip



President Barack Obama launched a landmark Middle East trip today to reach out to the world's Muslims, arriving in Riyadh to a red-carpet welcome and a kiss on both cheeks from Saudi King Abdullah, a key regional power broker who also serves as protector of the two holiest sites in Islam. On Thursday, the US president will travel to Egypt, another pillar of the Arab world, to deliver a personal appeal for reconciliation to the world's 1.5 billion Muslims, and hold his first talks with the Egyptian president Hosni Mubarak.

King Abdullah has been seeking to relaunch a 2002 Arab-backed Middle East peace initiative, which has been praised by Mr Obama's administration. But it was unclear whether the Israeli prime minister Benjamin Netanyahu's tough stand on settlements would scupper US hopes of convincing the Arab world to make concessions towards Israel to inject momentum into the process. Mr Obama signalled in an interview with National Public Radio before leaving Washington that he would keep pressing Israel on the issue, despite an emerging rift between the two close allies.

"I've said very clearly to the Israelis both privately and publicly that a freeze on settlements including natural growth is part of those obligations." The Saudi initiative calls for full normalisation of relations between Arab states and Israel, a full withdrawal by Israel from Arab land, the creation of a Palestinian state and an "equitable" solution for Palestinian refugees. Mr Obama was also expected to use the talks with King Abdullah, whose country is OPEC's top exporter, to push for stability in oil prices and production.

The US president's trip comes amid a building confrontation between his administration and the Israeli government over West Bank settlements and Netanyahu's refusal to publicly endorse a two-state solution.

Mr Obama and King Abdullah are to hold talks at the monarch's sprawling farm outside Riyadh, which represent Mr Obama's first foray into tricky personal diplomacy in the region, after a flurry of talks with Middle East leaders in Washington.

* AFP

COMPANY PROFILE

Date started: 2020
Founders: Khaldoon Bushnaq and Tariq Seksek
Based: Abu Dhabi Global Market
Sector: HealthTech
Number of staff: 100
Funding to date: $15 million

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

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COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)