Ajman, Jan 14: The Gulf Medical University's newly launched College of Healthcare Management and Economics is beginning to admit students from the Spring semester 2019.

A release from the institute has said that the prime goal of the institute was to prepare the graduates to pursue careers in healthcare management, health economics, policy-making and administration in the region and international.

"The first full-fledged college of its kind in the Middle East region, the college offers bachelors and masters programs designed to respond to the constantly growing health industry," it claimed.

"According to a 2018 GCC Healthcare Industry Report Alpen Capital, the current healthcare expenditure in the GCC is projected to reach US$ 104.6 billion in 2022 from an estimated US$ 76.1 billion in 2017.

Furthermore, the GCC may require a collective bed capacity of 118, 295 by 2022, indicating a demand for 12,358 new beds. To mitigate this demand, 700 new healthcare projects worth US$ 60.9 billion are under various stages of development throughout the GCC. All these signify an increased demand for expert professionals in healthcare management, economics, technology assessment, informatics, medical insurance, and medical tourism," the release said.

New college offers two programs:

The Bachelor of Science in Healthcare Management and Economics (BSc. HME) a four-year programme designed for graduate professionals.

The Executive Master in Healthcare Management and Economics (EMHME) is a 12-month program designed to benefit middle to senior level professionals in the healthcare industry.

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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.

He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.

The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.

Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.

"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.

The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.

He proposed that a similar event should also be held in New Delhi.