GlobeMed Group, the leading healthcare benefits management group in the MENA region, has over the past year launched GlobeMed Gulf's operations in the UAE, further strengthening its regional presence and reclaimed its operations in Syria with a network of 4,300 healthcare providers.
The Group hosted a reception in October in Dubai bringing together more than 300 senior executives from the UAE insurance and healthcare sectors, including insurers, brokers, reinsurance brokers and healthcare providers, alongside GlobeMed executives from across the region. The event celebrated the launch of GlobeMed Gulf, GlobeMed Syria’s re-entry and the Group’s 35th anniversary.
The reception was hosted by GlobeMed Group Chairman Mr Michel Pharaon, Vice Chairman Mr Roger Nasnas and board members.
The reception also marked the announcement of service contracts with leading UAE insurance companies, reaffirming GlobeMed’s commitment to advancing healthcare benefits management through local partnerships, regional expertise and continued innovation.
“For 35 years, GlobeMed has served as a trusted TPA, exercising fair and balanced judgment among stakeholders in the medical insurance industry,” said Mr Pharaon. “Guided by our founding values of fairness, sound judgment, transparency and confidentiality, we combine the efficiency and expertise of dedicated teams with continuously evolving technology. Today, we are a pan-Arab group operating to international standards of compliance and corporate governance.”
GlobeMed Gulf
He added, “It was only natural to boost our presence in the UAE, in view of its importance in the regional medical insurance market, its robust judicial system, and its remarkable success as an international business hub.”
Within its first year of operations, GlobeMed Gulf has completed integration with its healthcare provider network across the UAE, signed agreements with insurance clients and began delivering services to local and international clients. The company draws on the Group’s extensive experience, established partnerships and substantial investment in research, technology, and systems development, while benefiting from its regional and international reach through Globe Assist.
Connecting members to more than 24,000 healthcare providers across GlobeMed’s markets and over 120,000 providers worldwide, Globe Assist complements the UAE operation’s local capabilities with cross-border healthcare access and assistance services.
Delivering GlobeMed Gulf’s vision, Mrs Nada Majdalani, CEO of GlobeMed Gulf, said, “As an independent player with a presence across the Gulf and MENA, our ambition is to shape the future of healthcare through trusted partnerships, innovation, and transparency, creating lasting value for insurers, healthcare providers, and members alike.”
Resilience
Before the reception, GlobeMed held its regional executive seminar, bringing together senior executives from across its operations. Discussions focused on sustainable growth, operational best practices and resilience through geopolitical challenges and stringent regulatory requirements.
During the seminar, Mr Jad Mouawad, Group Regional Vice President and Board Member of GlobeMed Saudi and GlobeMed Egypt, highlighted GlobeMed’s contribution to the evolution of healthcare reimbursement, He said, “GlobeMed is actively supporting the adoption of Diagnosis-Related Groups (DRG) systems across several countries. This helps move healthcare reimbursement from traditional fee-for-service model towards case-based payment model that supports greater transparency, cost efficiency and the broader transition towards value-based care.”
The seminar also highlighted GlobeMed Egypt’s operations, which serve more than one million members through advanced platforms offering personalised services.
In addition, Mr Salem Haidar, Group Regional Vice President and CEO of GlobeMed Kuwait, GlobeMed Qatar and GlobeMed Bahrain, said, “Our sustained growth across Kuwait, Qatar and Bahrain reflects the confidence our clients place in our capabilities, expertise and commitment to service excellence and cost containment. We remain focused on strengthening partnerships, enhancing operational efficiency and delivering measurable value to our clients and the wider healthcare ecosystem”.
Executives also reviewed operational performance, market developments and priorities across Lebanon, Syria, Jordan, Iraq, as well as Palestine.
The Dubai gathering underscored GlobeMed Gulf’s role within a regional group managing the coverage of more than 27m persons, and its commitment to translating that scale and experience into strong local partnerships, operational excellence and continued innovation.
A pioneer of the third-party administration (TPA) model in the region, GlobeMed brings 35 years of healthcare management experience across 12 markets, processing more than $3bn in claims’ worth annually.