Qatar Chamber, Ministry of Public Health Discuss Challenges Facing Mandatory Health Insurance System

Doha: Qatar Chamber discussed with the Ministry of Public Health ways to overcome the challenges of the mandatory health insurance system, during Qatar Chambers (QC) Health Committee and Insurance committee held Inter-Committee Meeting presided over by QC board member and chairperson of the health committee, Ibtihaj Al Ahmadani.

The meeting was attended by Mohamoud Saleh Al Raisi, Director of Health Financing and Insurance Department at the Ministry of Public Health (MoPH), along with QC Health Committee and Insurance committee members Speaking at the meeting, Al Ahmadani said that the Chamber is working to overcome the challenges facing the private health sector and to strive with the concerns bodies to achieve the demands of the sector and strengthen its important role in the national economy.

For his part, Al Raisi praised the invitation for holding the meeting, pointed to the importance of holding such meeting to strengthening the communication between the Public and private sectors.

The meeting incl
uded a presentation by the Health Financing and Insurance Department at the MoPH on the Mandatory Health Insurance Scheme, it focused on the strategic goals for implementing the scheme, the governance of the mandatory health insurance, the phases of implementation and the current Experiment Status.

The attendees called for holding numerous meetings regarding the Mandatory Health Insurance between the Qatar Chamber as representative of the private sector and the Health Financing and Insurance Department.

They also called for the participation of the Qatar Chamber in the advisory committee for the mandatory health insurance Scheme, as it represents three bodies within the scheme: insurance companies, service providers from hospitals and health clinics, and private sector companies.

Source: Qatar News Agency

Qatar Central Bank Unveils ESG Strategy for Financial Sector

Doha: Qatar Central Bank (QCB) unveiled Wednesday its Environmental, Social, and Corporate Governance (ESG) and Sustainability Strategy for the financial sector, in line with the Third Financial Sector Strategic Plan and as part of Qatar National Vision 2030, which prioritizes sustainable development.

This strategy will be an addition to the State’s financial sector, through which QCB aims to integrate ESG principles into financial and banking transactions, ensuring sustainability for future generations.

The ESG and Sustainability Strategy for the financial sector is based on three main pillars. The first pillar focuses on managing climate, environmental, and social risks in the financial sector. The second pillar encourages capital investments in sustainable finance. The third pillar aims to incorporate ESG and sustainability practices into QCB’s internal operations.

Additionally, the ESG and Sustainability Strategy for the financial sector includes a set of desired outcomes and initiatives, alongside com
mon goals aimed at capacity building and developing the infrastructure for sustainable finance data through designing specialized programs for QCB and the financial sector to enhance capacity building, knowledge, and talent related to sustainable finance and the management of climate, environmental, and social risks for financial institutions and capital markets, as well as establishing a dedicated platform for sustainable finance data to collect and preserve data related to the assessment of climate, environmental, and social risks.

With the launch of the ESG and Sustainability Strategy for the financial sector, QCB aims to enhance the efficiency of the financial system in supporting national sustainability goals and to improve its adaptability to changes during the transition to a sustainable economy, setting a regional and global example.

Source: Qatar News Agency

QSE Index Closes Higher by 14.27 Points

Doha: The Qatar Stock Exchange (QSE) index closed today’s trading session up by 14.27 points, or 0.15 percent, reaching a level of 9,645.87 points.

During the session, 179,976,560 shares were traded, with a total value of QR 538,111,845.155, resulting from the execution of 17,636 transactions across all sectors.

In today’s session, the shares of 19 companies increased, while the shares of 33 other companies decreased.

The market capitalization at the end of the trading session stood at QR 560,569,757,294.120, compared to QR 560,054,335,494.890 in the previous session.

Source: Qatar News Agency

Oil Climbs on Optimistic Demand Outlook

Oil prices ticked higher on Wednesday on upbeat global demand views from the US Energy Information Administration and OPEC.

Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel, while US West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10.

The EIA raised its 2024 world oil demand growth forecast to 1.10 million barrels per day from a previous estimate of 900,000 bpd, while the Organization of the Petroleum Exporting Countries (OPEC) maintained its 2024 forecast for relatively strong growth in global oil demand.

Source: Qatar News Agency

Gold Dips on Firmer Dollar

Gold prices edged lower on Wednesday, weighed down by a stronger US dollar, as investors awaited key US inflation data and the Federal Reserves updated interest rate projections due later in the day.

Spot gold was down 0.2% at $2,311.80 per ounce. US gold futures rose 0.1% to $2,328.80.

Spot silver rose 0.2% to $29.33 per ounce, platinum was up 0.8% at $959.10 and palladium gained 1% to $892.45.

Source: Qatar News Agency

‘Saudi Exports’ Wins International MMA SMARTIES Award

Riyadh: The Saudi Export Development Authority’s “Made in Saudi” program received bronze in the “Marketing via Digital Media” category at the MMA SMARTIES International Awards.

This award recognizes campaigns that effectively utilize digital platforms to create a compelling and integrated brand experience. The decision to grant this award was made by an international committee of marketing experts and agency executives who take into account various performance metrics.

MMA is the only marketing trade association that brings together marketers, technology providers, and suppliers; it has over 800 corporate members globally and 14 regional offices.

The second edition of the “Made in Saudi Arabia” exhibition received extensive media coverage, generating over a million impressions and more than 18,000 interactions on social media. It received coverage from over 40 news outlets.

The exhibition showcased products from over 100 national companies and facilitated the signing of more than 60 agreements and memoran
da of understanding.

It aimed to provide visitors with a thorough knowledge of national industries, and foster loyalty and demand for local products among domestic and international consumers.

Source: Saudi Press Agency