With the countdown to full implementation of the new national health insurance programme (Sehati) well advanced, FY 2023/24 could see a major boost for Bahraini insurers, with opportunities in health for both conventional and takaful (Islamic insurance) firms. The private medical segment has already benefitted from enhanced awareness of the scheme, while other non-life lines of business showed growth…
The financial services industry plays a crucial role in Bahrain’s economy, contributing 16.8% to GDP. Recognising the need to reduce dependence on oil, the government has prioritised the development of the sector. In order to strengthen the local economy and facilitate recovery from the Covid-19 pandemic, the government introduced the Economic Recovery Plan. The plan is centred around securing over…
Bahrain’s economy rebounded from the impact of the Covid-19 pandemic and more recently successfully avoided the worst of global inflationary pressure, largely due to the fact that its currency, the dinar, is pegged to the US dollar. Bahrain’s recovery was also aided by forward-thinking policy formulation. While the country faced economic headwinds following the global drop in oil prices in 2014,…
The strategic location of the island country of Bahrain, combined with its business-friendly ecosystem and diversified economy, has seen it emerge in recent decades as an attractive destination for foreign investment. The kingdom’s economic resilience during the disruption that came with the Covid-19 pandemic, aided by stable governance and a commitment to economic reform, has positioned the country…
– Labour shortages and ageing populations affect both emerging and developed markets – Demographic changes are shifting the distribution of global talent – New technologies are shaping global workforce demand and education trends – Countries are incentivising immigration to lure foreign talent and know-how As the global economy continues to adapt to ongoing macroeconomic…
– GCC countries have taken the global lead in outlining AI public policies – AI technology has the potential to improve education outcomes – MENA universities are rising in world rankings for technology preparedness – New training initiatives seek to build the workforce of the future As public and private entities across the world weigh how to utilise generative artificial…
MEET ICT Conference and BITEX Exhibition is happening in Parallel. This year’s Edition of the MEET ICT Conference and BITEX Exhibition highlights the concept of sustainable development and how the Information and Communication Technology industry contributes to achieving economic growth, job creation, and human development, leading to a better life for citizens. The event features in-depth…
In this Global Platform video, Suliman Al Khliwi, Managing Director, Saudi Tabreed, discusses how district cooling can offer numerous advantages over conventional cooling in the GCC. District cooling is more cost efficient than conventional cooling, with the ability to serve major projects under development in the region. It is also more energy efficient and has fewer negative environmental impacts,
On boosting local added value and building a global brand through enhanced export capacities How do you evaluate Bahrain’s progress in growing non-oil exports in the context of economic diversification? SAFA SHARIF KHALEQ: Bahrain has worked proactively towards the diversification of its revenue in recent years. The country went from pearling to oil, then from industry to banking, telecoms…
Striving towards excellence, this forum aims at engaging regional & international stakeholders across the operators, technology providers, policymakers and academia to capitalise on investment, innovation & growth in a safe & sustainable environment. The event will take place from 13-15 February 2023 at Exhibition World Bahrain in the Kingdom of Bahrain. The Gulf Downstream Association…
