Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

Link to the future: New urban rail works bolster intra- and inter-city connections

Since its inception in 2011, government-owned railway company Qatar Rail has operated with a mandate to develop an efficient countrywide public transport system. This goal is guided by the diversification, sustainable development and social progress goals of Qatar National Vision 2030. The creation of a modern public rail network is intended to improve commute times, alleviate motorway traffic, reduce CO emissions, and provide convenient transport connections that will ultimately change the way people live, work and do business in Qatar. As of early 2022 the national railway system consisted of the Doha Metro and the new Lusail Tram. The latter is a service for affordable

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Pham Hong Hai-CEO-HSBC Vietnam

Riding the rails: How the GCC Railway could revolutionise trade and transport in the Gulf, and improve connectivity within the region

Following delays, the long-awaited GCC Railway looks likely to be revitalised – a move that could transform trade and connectivity across the Gulf. The initiative was given a significant boost in December 2021 when leaders of the six GCC countries approved the establishment of the GCC Railways Authority, the body that will oversee the coordination of the project. The decision marks a potentially significant development for rail infrastructure in the region. In 2009, after a decades-long debate, all member states approved the GCC Railway project.

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George Richani-CEO-Al Ahli Bank of Kuwait

Sustainable by design: Innovative practices contribute to carbon-neutral building

As the construction industry redefines its priorities to ensure sustainability, there is increasing recognition of the benefits of regenerative architecture as a means of lowering emissions. According to the “2019 Global Status Report for Buildings and Construction” published by the UN Environment Programme (UNEP), the construction sector accounts for nearly 40% of global energy-related greenhouse gas emissions. In light of this, a greater emphasis has been placed on sustainable architecture. The principle generally seeks to minimise the negative environmental impact of buildings by using sustainable, low-emission materials and sitespecific designs that utilise the natural environment to improve efficiency and lower costs related to areas such

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George Richani-CEO-Al Ahli Bank of Kuwait

Universal coverage: New regulations mandate employer-sponsored private health insurance for expatriates and foreign tourists

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Qatar launched a mandatory health insurance plan as a replacement for the previous public health insurance scheme, commonly known as SEHA, introduced in 2013. As in other GCC countries, Qatar’s reforms come in response to rising demand from an ageing population and the growing burden of non-communicable diseases, alongside the desire to rationalise public expenditure and increase private sector dynamism in all sectors of the economy. Previous Iterations The SEHA system envisioned the creation of a single government-owned National Health Insurance Company (NHIC) to provide

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Pham Hong Hai-CEO-HSBC Vietnam

A new direction: Countries around the world are adapting to the acceleration of digital platform and services uptake fuelled by the pandemic

The onset of the pandemic in 2020 gave rise to global acceleration in the uptake of digital platforms and services. This surge was consolidated in 2021, as it became clear – in emerging and developed economies alike – that digital is the new normal. While in some ways 2020 was reactive, with governments and businesses scrambling to implement digital approaches, 2021 was proactive, as those approaches were streamlined and synthesised. As different countries and regions went in and out of lockdown in response to successive

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Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

Scoring points: Digital solutions for the World Cup are laying the foundation for further international investment

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Qatar hosting the 2022 FIFA World Cup has been the catalyst for expanding the country’s digital economy and broadening its ICT ecosystem. One of Qatar’s aspirations was to use the tournament to attract investment in emerging industries and drive innovation in 5G, internet of things (IoT), virtual reality (VR) and augmented reality. These recently developed technological innovations will be deployed during the tournament and are forecast to have an enduring impact on Qatar’s technology industry. Technology Showcase Tournament organisers have been improving the national technology

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Daniel Asare-Kyei-CEO-Esoko; Curtis Vanderpuije-CEO-ExpressPay; and Daniel Marfo-General Manager-Zipline Ghana

Multichannel future: Local brands are working to both incorporate digital offerings and maintain a brick-and-mortar presence

Qatari retailers that have weathered the Covid-19 pandemic are shifting to a blended, multichannel distribution strategy. Such a strategy involves expanding a company’s digital offerings, while at the same time maintaining a brick-and-mortar presence at an attractive location. The pandemic gave rise to a significant uptick in online shopping, a trend especially apparent when physical retail branches were closed due to lockdown measures. Digital Drive When non-essential stores were shuttered at the outset of the pandemic, the authorities moved quickly to facilitate the expansion of

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David Gledhill-CEO-Port of Salalah

Future focused: GCC governments work to boost investment and local capacity

On the back of higher global oil prices and a stronger international economic environment, the Middle East returned to growth in 2021, with a number of governments taking the opportunity to implement or resume long-term initiatives aimed at bolstering diversification and modernisation. Following a year in which economies throughout the region contracted due to the fallout from the Covid-19 pandemic, the Middle East experienced an economic rebound in 2021, with the IMF estimating in April 2022 that GDP for the region – which includes Central Asia – expanded by 5.7%. Looking more closely at the GCC, the World Bank estimated in December 2021 that the

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Taking the lead: Regulatory changes improve labour protections

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Migrant labour has played a key role in the development and diversification of Gulf economies in recent decades, and Qatar is no exception. The population of the six GCC members in 1970 was 7.8m. Aided by the oil boom that began in that decade, the population started to rise, fuelled by the migration of both skilled and non-skilled workers required to develop hydrocarbons resources, staff construction projects and work in fast-growing service industries catering to the swelling population. By early 2022 the population of the GCC exceeded 54m, reflecting the opportunities in the region. Migrant Workforce For many individuals in the developing world, the GCC

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The Americas Home

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Your browser does not support the video tag. Víctor Gobitz, CEO, Antamina Peruvian mining focuses on technology and human development In this Global Platform video, Víctor Gobitz, CEO of Peruvian mining company Antamina, discusses how the industry is leveraging new technologies while prioritising the development of highland communities. These focuses converge to advance the ESG standards of the mining sector. “Latin America ESG Intelligence” Economic News ESG Report: How technological advances and sustainability practices are transforming Peru’s economy The mining, agriculture and financial services sectors are essential pillars of GDP, and are fundamental to Peru’s socio-economic development and exports. Economic News Report: How are stakeholders

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