Thumbay Group strengthens corporate governance for transparency and 2X growth
Ajman (Press Release): As part of its oversight strategy for 2024, Thumbay Group has implemented a corporate governance structure to ensure transparency and record two-fold growth in the upcoming year. The induction took place on January 10 th , 2024 at its headquarters in Thumbay Medicity, Al Jurf, Ajman, and was attended by the senior management of the group.
In his keynote address, Dr. Thumbay Moideen, Founder President, Thumbay Group highlighted the importance of this comprehensive governance framework and its crucial role in steering the organization towards sustainable growth. "Thumbay Group has completed 25 years of operations in the UAE, and they have been very special. The new corporate governance structure in place signifies our strength for the next five-year plan - Vision 2028. We are focused on being consumer-centric and scaling our ability to run businesses that add value to people and society as a whole. Based on our well-defined growth plan, we are very keen to double the intake of students in medical education with comprehensive new programs that balance theoretical knowledge with practical training. Also, a two-fold increase in the healthcare business is envisaged, which will enable us to triple the value of the overall group by 2028 with initiatives and operational efficiency at the core. We are re-energized to
create many more fabulous years of responsible and progressive operations."
By establishing transparency as a fundamental principle, the Group aims to strengthen stakeholder confidence, cultivate a culture of accountability, and improve operational effectiveness. Additionally, it seeks to balance the interests of various stakeholders, including shareholders, management, consumers, suppliers, financiers, the government, and the community.
Thumbay Group is a diversified international business conglomerate with operations across different sectors including Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Optical, Wellness, Hospitality, Real Estate, Publishing, Technology, Media, Events, Medical Tourism. Headquartered in Dubai, the group presently employs around 3500 people.
Thumbay Group is committed to provide quality care to the community and its Thumbay Healthcare today has the distinction of being the biggest chain of private academic hospitals in the region, treating patients from as many as 175 countries.
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Brittas urges Parliament resolution on Iran conflict, recalls Vajpayee-era Iraq war motion
New Delhi (PTI): CPI(M) MP John Brittas on Tuesday cited Parliament's 2003 unanimous resolution under then prime minister Atal Bihari Vajpayee condemning the Iraq war, to urge the government to move a similar motion on the Iran conflict.
Speaking in the Rajya Sabha during zero hour, Brittas called for a "united and unanimous voice" of Parliament against what he described as unilateral and illegal wars by the US and Israel on Iran, saying India should not remain silent.
Referring to Prime Minister Narendra Modi's address in the Lok Sabha on Monday, he said key economic concerns and diaspora issues were raised but there was no reference to the broader conflict, which he said warranted a clear position from India.
"What was missing was the silence on this unilateral, immoral, illegal war that has been unleashed by the United States and Israel," he said.
The Prime Minister, he said, called for a unanimous and united voice from the Parliament.
Addressing chairman C P Radhakrishnan who was a member of the Lok Sabha in 2003, he said at that time, both the Houses of Parliament when Atal Bihari Vajpayee was the Prime Minister, passed joint, unanimous resolution condemning the war against Iraq by the United States.
"I wish that Indian Parliament, as the Prime Minister said, should express unanimously a united voice," he said. "Let the government bring a resolution which should be passed by both the Houses."
Brittas said India has termed the attacks on Gulf countries by Iran as egregious.
"But what about the genesis of this crisis?" he asked. "I wish that the government does not go by the advice of (Congress leader) Shashi Tharoor who said that silence is statecraft. I wish that they should be guided by the advice from (Congress president) Mallikarjun Kharge not from Shahi Tharoor."
Kharge has repeatedly demanded an immediate short-duration discussion on the Iran war and its fallout on India.
"I wish that India, being a leader of the non-alignment nations, should feel that silence is not a solution. We have to make sure that our voice is heard. And it is not only for the selfish interest of the nation but for the interest of the larger humanity. So I call on the government to come with a resolution," Brittas said.
He also flagged concerns over Indians affected by the situation, including around 700 seafarers stranded in the Strait of Hormuz, and urged the government to put in place a mechanism to facilitate communication with their families.
Brittas sought a rehabilitation package for Gulf returnees, highlighting the scale of remittances to India and their importance to Kerala's economy.
Kerala gets almost Rs 2.2 lakh crore - one third of the state's gross domestic product - in remittances, he said.
Prime Minister Modi in his address in Lok Sabha on Monday talked about economic fall out of the war in Iran, disruptions in supply chain, impact on daily lives of people, serious situation on the LPG front and the condition of the Indian diaspora but was silent on military strikes launched by the US and Israel on Iran on February 28, which triggered a wider conflict in the region.
