What to look for when the curtain rises today at FII

File Photo of an opening ceremony of Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 24, 2017. (Saudi Press Agency via AP)
Updated 29 October 2019
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What to look for when the curtain rises today at FII

  • The event is set to showcase the rapid transformation currently taking place in the Kingdom

RIYADH: Some 300 of the world’s leading decision-makers, financiers and investment experts are on their way to the Ritz-Carlton hotel complex in Riyadh for the third annual Future Investment Initiative (FII). 

More than 6,000 delegates are registered to attend the three-day event, which is organized by the Kingdom’s Public Investment Fund (PIF), and which seeks to discuss some of the most pressing issues in the world today, including sustainable development, rapid technological change and social disruption.

The gathering — which has been informally labeled the “Davos in the desert” after the glitzy annual meeting of the World Economic Forum in Switzerland — is also intended to showcase the rapid transformation underway in the Kingdom as the Vision 2030 reform plans gather pace, and to offer investment opportunities for global partners.

Yousef Al-Benyan, vice chairman and chief executive officer of SABIC, the giant Saudi industrial group which is one of 49 global partners at the event, said: “The FII reflects the ambition of Saudi Vision 2030 reform plans and brings to life its aspirations for a vibrant society by fostering new cooperation to tackle global challenges. It has earned international recognition as one of the most important global events and a place for serious business.”

The event will be launched in the King Abdullah International Conference Center by opening remarks from Yasir Al-Rumayyan, governor of the PIF and chairman of Saudi Aramco. Attendees will be listening closely for any indication of the precise date of the initial public offering of the world’s largest oil company, which is believed to be imminent.

The first plenary session of the FII will hear a panel of experts debating how a new era of economic ambition will shape the global economy. Al-Rumayyan will be joined by international business leaders like Stephen Schwarzman, chairman and CEO of investment group Blackstone, Noel Quinn, CEO of HSBC, and John Waldron, president and chief operating officer of Goldman Sachs.

A discussion on the economic situation in the Middle East and Asia will involve Khaldoun Al-Mubarak, CEO of the UAE-based Mubadala Investment Group, Mukesh Ambani, chairman and managing director of Indian conglomerate Reliance Industries, and Kirill Dmitriev, CEO of the Russian Direct Investment Fund.

Other big names attending on the opening morning include Larry Fink, chairman and CEO of American investor BlackRock, Thomas Barrack, executive chairman of Colony Capital, and Tidjane Thiam, CEO of Credit Suisse.

In addition to PIF and Mubadala executives, sovereign wealth funds are represented by the heads of big government investment agencies in Bahrain, Kuwait, Korea and China. Ken Costa, the British government’s representative for Saudi Vision 2030, will also take part.

A discussion of global financial centers will include Sarah Al-Suhaimi, chair of the Saudi Arabia stock exchange Tadawul, expected to be the venue for the Aramco IPO, as well as representatives of other global stock markets in Asia and Europe.

American rapper will.i.am will take part in a discussion with Alain G. Bejjani, CEO of Majid Al-Futtaim conglomerate, on artificial intelligence, and Rick Perry, outgoing US secretary of energy, will speak on “policy and purpose.”

Day one will be rounded off by a series of “what’s next” sessions, with a special address by King Abdullah of Jordan, as well as on-stage interviews with Narendra Modi, prime minister of India, and Jared Kushner, senior adviser to US President Donald Trump.

PIF said that 39 percent of speakers — the highest proportion— are coming from North America, with 20 percent from Europe, 19 percent from Asia and 15 percent from the Middle East.


Saudi-European talks to strengthen cooperation in environmental fields

Updated 25 November 2024
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Saudi-European talks to strengthen cooperation in environmental fields

  • Saudi minister of state discussed with EU security and political officials strengthening existing work on dealing with climate change

RIYADH: Saudi Minister of State for Foreign Affairs Adel Al-Jubeir met with European officials on Sunday in Riyadh, Saudi Press Agency reported.
Al-Jubeir, who is also the Saudi climate envoy, held talks with Delphine Pronk, the Chair of the EU Political and Security Committee, and Luigi Di Maio, the EU Special Representative for the Gulf region.
They discussed issues surrounding climate change and the cooperation between Saudi Arabia and the EU in environmental fields, SPA added.
They discussed ways to strengthen their existing cooperation on tackling climate change and the recent development in foreign policy in Europe and the Middle East.
Saudi Arabia maintains a strong dialogue with the EU, and both parties share close views on several foreign policy issues, including the Saudi-led Arab Peace Initiative for the Middle East, which aims to create a prosperous region for all its people and end the cycle of conflict.
The EU and Saudi Arabia are also linked through trade relations, which made the EU the Kingdom's second trading partner after the volume of trade exchange between Riyadh and Brussels peaked at $80 billion in 2023.


Saudi FM arrives in Italy to attend G7 ministerial meeting

Updated 24 November 2024
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Saudi FM arrives in Italy to attend G7 ministerial meeting

RIYADH: Saudi foreign minister Prince Faisal bin Farhan arrived in Italy on Sunday to participate in an expanded ministerial meeting of the Group of Seven (G7) countries in Fiuggi, Saudi Press Agency reported. 

The meeting will discuss the current situation in the Middle East, SPA added.

During his stay in Fiuggi, Prince Faisal will hold a number of discussions that will address regional and international issues.


Saudi fund chief receives Tajikistan’s deputy prime minister

Updated 24 November 2024
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Saudi fund chief receives Tajikistan’s deputy prime minister

  • Saudi Ambassador to Tajikistan Walid Al-Rashidan was among the officials in attendance

RIYADH: CEO of the Saudi Fund for Development Sultan Al-Marshad received First Deputy Prime Minister of Tajikistan Hokim Kholiqzoda and his accompanying delegation in Riyadh on Sunday.

During the meeting, the Saudi fund’s development projects were discussed, as well as ways to enhance development cooperation between both sides, the official account wrote on X.

Saudi Ambassador to Tajikistan Walid Al-Rashidan was among the officials in attendance.

Kholiqzoda’s visit included a tour of the Saudi fund’s exhibition center, which showcases the organization’s 50-year journey, including notable development projects and their impacts on the lives of beneficiaries.

 


World’s first International Conference on Conjoined Twins kicks off in Riyadh

Updated 24 November 2024
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World’s first International Conference on Conjoined Twins kicks off in Riyadh

  • Top World Health Organization official commends Saudi Arabia’s efforts in the field

RIYADH: The inaugural International Conference on Conjoined Twins kicked off in Riyadh on Sunday. 

The event unites leading medical experts, humanitarian organizations, and families from around the globe to share vital insights, discuss innovative separation techniques, and forge collaborative pathways in the pursuit of improved lives for conjoined twins. 

Riyadh Gov. Prince Faisal bin Bandar delivered a speech on behalf of King Salman celebrating the achievements of the Saudi Conjoined Twins Program, which has become a global leader in the field.

“Since 1990, 143 cases of twins from 26 countries have been reviewed by my dear colleagues, who have successfully separated a total of 61 pairs of twins to date,” he said. 

Prince Faisal added that it is the only program globally specializing in separating conjoined twins, making it one of the largest humanitarian medical programs in the world. 

He also highlighted a recent milestone: the UN General Assembly is considering an initiative by Saudi Arabia to designate Nov. 24 as the annual World Conjoined Twins Day.

In a video address, Dr. Tedros Adhanom Ghebreyesus, director general of the World Health Organization, congratulated Saudi Arabia on its leadership in organizing the conference.

“I commend Saudi Arabia for its leadership in organizing this important World Conjoined Twins Day Conference,” he said. 

This recognition would honor the medical and humanitarian efforts in this field and highlight the challenges faced by conjoined twins and their families. 

Ghebreyesus praised the initiative as a model for global collaboration in rare and complex medical cases. 

“The conference provides critical insights, from surgical innovations to long-term strategies, shaping rare initiatives. A broader platform and registry for congenital anomalies would benefit low and middle-income countries,” he said.

A keynote address was delivered by Dr. Abdullah Al-Rabeeah, advisor to the Royal Court and supervisor-general of Saudi aid agency KSrelief.

As the head of the multidisciplinary team for the Saudi Conjoined Twins Program, Al-Rabeeah provided insights into the occurrence and challenges associated with conjoined twins.

The history of conjoined twin separation reveals both the challenges and progress in medical science. 

“The first successful separation was by Johannes Fatio back in 1689 by using a constricting band for a set of Omphalopagus twins or those sharing liver and gastrointestinal organs,” he said.

With a 0.5 percent incidence rate, this early success involved “presumably, a small joining in the skin, probably a little bit of the liver,” said Al-Rabeeah. 

He added that a major breakthrough came in 1957 with the first successful separation of Craniopagus, or twins sharing one brain. 

Al-Rabeeah said that the epidemiology shows distinct patterns: “In Western countries, it’s been estimated that we get one conjoined twins in every 50 to 200,000 births.” 

He added that, however, it is more prevalent in Southeast Asia and Africa, “presumably because identical twinning and twinning is (found) more in dark-skinned people in Africa and also in Southeast Asia, increasing the incidence.”

The survival statistics, Al-Rabeeah reported, entail that “60 percent of conjoined twins are stillborn, and those who live 40 percent of them will die in the first few days of life, and 70 percent of those who would survive will be females.”

He emphasized that the reasons behind this regional disparity remain unknown and require further research.

Throughout the conference, leading medical professionals presented their expertise on various aspects of caring for and separating conjoined twins. Topics included embryology, multidisciplinary team-building, antenatal care, and labor management. 

Dr. Nadia Al-Ghilan, from the maternal-fetal medicine department at King Abdulaziz Medical City, gave a presentation titled “Caring for Conjoined Twins: A Prenatal Journey,” describing the complex process of managing pregnancies involving conjoined twins.  

She said that caring for conjoined twins is a complex and delicate process as it requires meticulous prenatal planning and a dedicated medical team.

Al-Ghilan said that “this journey is filled with unique challenges, ethical considerations, and the utmost care to ensure the best possible outcomes for the twins and their family.” 

Early diagnosis, she stressed, is critical for effective prenatal referral, counseling, and planning for delivery and postnatal care.  

Al-Ghilan also underscored the importance of genetic testing in understanding the chromosomal health of conjoined twins. 

“Techniques like amniocentesis and chorionic villus sampling can help identify genetic abnormalities, providing valuable information for developing treatment strategies.”

The conference not only serves as a platform for scientific exchange but also fosters dialogue on building global partnerships to support conjoined twins and their families, particularly in low and middle income countries. The conference emphasized the importance of comprehensive care, from prenatal counseling to post-separation rehabilitation. 

For over 30 years, the Saudi Conjoined Twins Program has stood as a beacon of hope for families worldwide. The inaugural International Conference on Conjoined Twins is set to continue this legacy, inspiring further advancements in the care and treatment of conjoined twins globally. 


Doctor describes difficulties in separating twins joined at the skull

Baby girls Rital and Ritag Gaboura, two craniopagus twins, lie on a bed at Great Ormond Street Hospital in London.
Updated 24 November 2024
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Doctor describes difficulties in separating twins joined at the skull

  • “Conjoined twins are rare, as has been said, but ‘cranomalies’ are extremely rare,” Dr. Felice D’Arco said

RIYADH: A London-based medical expert at a conference in Riyadh revealed the difficulties in separating a rare form of conjoined twins in which the patients are joined at the skull.

Dr. Felice D’Arco, consultant pediatric neurologist at Great Ormond Street Hospital in London, spoke during the International Conference on Conjoined Twins on Sunday about the condition, which occurs in about one of every 2.5 million births worldwide.

“Conjoined twins are rare, as has been said, but ‘cranomalies’ are extremely rare,” he said.

For radiologists, this means there are no standardized CT and MRI scanning protocols in place for such complex cases, and very few recent cases from which to learn.

“We have protocols for everything, epilepsy, tumors, neurogenetic disorders, this is not the case for craniopagus twins because of their rarity,” D’Arco said.

Medical teams must be set in place, and there must be two of everything; two anesthetic teams, two sets of MRI monitoring, etc., the whole hospital staff is involved in what is considered as an operation taking place on two patients simultaneously, D’Arco explained.

While there is a need to standardize procedures, Dr. D’Arco acknowledged that every set of twins is unique.

“As a radiologist, you need to have the flexibility to change your protocol as needed.”

Therefore, he said, it is best to start with a series of questions relating to different critical parts of the body.

One potential issue is the bones. A dual source CT scan can inform radiologists which parts of the skull of each patient is infused, or “missing,” in the other.

Another problem is the relationship between the brains. D’Arco said that small breaches connecting the two brains, identified by 3D sequencing, present a risk that surgery will cause damage.

Considering the possible ethical and medical complications that could come up in cases in which one of the twins is at risk of dying, he said: “Sometimes you need to ask, can we separate without jeopardizing the lives of the children? These cases are complicated, baffling, and confusing.”