Analysis

Health technology closing health care gap in emerging markets
OBG
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After a surge in uptake during the Covid-19 pandemic, the telehealth industry is courting new investment to further innovation and increase access to care in emerging markets. Digital health companies raised a record $57.2bn in global venture capital funding in 2021, a 79% jump from the $32bn raised in 2020, with 30% of the total directed towards telehealth. An estimated $140bn in private sector finance…

Analysis

First Gulf-ASEAN summit supports inter-regional collaboration
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Trade between the GCC and the Association of SouthEast Asian Nations (ASEAN) has grown considerably in recent years as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 34.7% year-on-year to reach $516bn in…

Analysis

Bahrain’s Economic Recovery Plan boosts economic resilience
OBG
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Bahrain launched its Covid-19 Economic Recovery Plan (ERP) in October 2021 to address the economic stresses that arose during the Covid-19 pandemic, and to keep the kingdom on track to achieve the goals of Bahrain Economic Vision 2030. Workforce strengthening and job creation is one of the ERP’s five central pillars, with the government intent on cultivating a local talent pool equipped to compete…

Analysis

Bahrain harnesses artificial intelligence technology to bolster growth
OBG
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As part of ongoing efforts to diversify their economies and build a platform for sustainable future growth, MENA countries are increasingly turning to artificial intelligence (AI). A slew of recent investment and initiatives – primarily in academia and the government, but also in the private sector – has reinvigorated interest from industry leaders around the globe in the potential for AI to strengthen…

Analysis

Bahrain's financing frameworks boost sustainability initiatives
OBG
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As Bahrain’s policymakers work to create an environment conducive to the realisation of Bahrain Economic Vision 2030, the UN Sustainable Development Goals and the kingdom’s net-zero target, businesses are aligning strategic priorities and operational practices with national environmental and socio-economic objectives. In particular, investment in clean energy and energy-efficiency solutions, as…

Analysis

Emerging markets shifting towards sustainability initiatives
OBG
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Impact investment – which is designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance progress towards the UN Sustainable Development Goals. A Maturing Sector Impact investing continues to expand in both depth and sophistication,…

Analysis

Digital payment platforms grow with high demand in emerging markets
OBG
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Despite the ongoing macroeconomic and geopolitical headwinds experienced by the global economy, one area of the international financial system that has shown steady progression is digital payments. Since the Covid-19 pandemic, they have been spurred by a jump in remittance flows, and the greater availability of digital infrastructure and services, as well as higher demand for fast and seamless non-physical…

Analysis

Bahrain’s regulatory sandbox fuels growth in financial technology
OBG
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Bahrain’s financial technology (fintech) ecosystem has undergone significant changes in recent years as the country seeks to enhance its reputation for innovation in the financial services sector and stimulate the growth of start-ups. In September 2023 Benefit, a Bahraini fintech company providing electronic financial transaction services, finalised its acquisition of Bahrain FinTech Bay (BFB), which…

Analysis

Initiatives help insurance sector reduce climate change risk
OBG
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With the launch of a new joint initiative to support the countries most vulnerable to climate change, the global insurance industry is evolving in ways that could carry important implications for business in emerging markets. The initiative, the Global Shield against Climate Risks (GSCR), was announced by the ministers of finance of the Vulnerable Twenty (V20) Group – which comprises economies susceptible…

Analysis

Regional focus on ESG boosts Bahrain's green finance projects
OBG
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Following the COP28 UN Conference on Climate Change, hosted by the UAE in late 2023, GCC member countries have seen intensified regional efforts to expedite the energy transition, implement environmental strategies and establish new financial frameworks emphasising climate action. This shift has catalysed the emergence of new investment products and strategies that incorporate environmental, social…