Accusations to Tehran in Killing of Dissident Add to Turkey-Iran Tensions
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COVID-19 Measure: Read Full Magazine Here
��...Ul, J \ ·� www.dohabank.com DOHABANK With our one card regional solution, in-house 24-hour administration and customer service, SAICOHEALTH provides your business with a comprehensive health insurance coverage. damana.com/saicohealth DAMANA is a registered trademark for Saudi Arabian Insurance Company B.S.C. (c) CONTENTS February 2021 COVER INTERVIEW ENERGY 32|Brazil Electricity Pricing Reform Creates New Opportunities for 11 | Driving Excellence through GCC Investors Agility INSURANCE 34 |Healthcare and Life Sciences Deal Activity Will Be Robust MANAGEMENT AND FINANCE in 2021 36 |GlobeMed Egypt Announces 22 | The Race For A COVID-19 New Cancer Bulletin Vaccine 38 | Alaa Al-Zuhairi wins the 24 | Signing of MoU Between Insurance Man Award for ICD and SQB Securities, 2021 in the Middle East and Uzbekistan North Africa 26 | Doha Bank Announces 40 | A workshop on Micro- the Launch of Doha Bank Insurance in Cooperation with Easy Pay Wallet Interview: Naji Moukadam, Managing Director and CEO at the Micro-Insurance Network Lyst Technologies 42 | Social Responsibility and the Role of the Insurance and Reinsurance Industry in Supporting the Goals of Social Responsibility to Achieve Sustainable Development 46 | Change in Guard at SALAMA Signals New Growth Plans 48|SALAMA Wins ‘Takaful Specialist of the Year’ Award 2021 MAIN STORY 50 | What Does The Future Hold Ghosts town: A street is empty of cars during a lockdown aimed at For Kuwait Infrastructure curbing the spread of the coronavirus, in Beirut Sector? INFORMATION INDUSTRY 58 |China’s -
Fury Grows in Wake of Horrific Beirut Blast
FURY GROWS IN WAKE OF HORRIFIC BEIRUT BLAST By Donnelly McCleland Some Lebanese called on Sunday [9 August] for a sustained uprising to topple their leaders amid public fury over this week’s [4 August] devastating explosion in Beirut, and the country’s top Christian Maronite cleric said the cabinet should resign. Dozens of people were injured in Saturday’s protests, the biggest since October when thousands of people took to the streets in protests against corruption, bad governance and mismanagement. (Reuters) Massive blast compounds Lebanon’s woes Just days after the explosion, shock turned to fury as angry protesters stormed government buildings and clashed with security forces in Beirut. Thousands of people demonstrated against Lebanon's ruling class amid growing anger over the deadly explosion in the capital’s port on Tuesday 4 August. The explosion – which killed about 200 people, injured a further 6,000 and devasted neighbourhoods – is believed to have been caused by the detonation of 2,750 tonnes of confiscated ammonium nitrate (a compound used in fertilizer and explosives – particularly for mining) which had been stored in the port for almost six years. What ignited the stored explosive chemicals remains unclear. Some officials have said repair work had begun recently on the warehouse, while others say they suspect fireworks were stored nearby. The government pledged “swift justice” for those responsible for the catastrophe. However, public consensus maintains that the negligent handling and storage of such a lethal cargo, near the heart of the capital, epitomised their “corrupt and self-enriching” government. One commentator summed up the feeling of many Lebanese: “This catastrophe is just the most recent and most horrifying example of how one Lebanese government after the other has failed to fulfil its most basic tasks: looking after the citizens' welfare and well-being.” The explosion comes at a critical time for Lebanon as it struggles to contain the spread of the coronavirus while contending with an economy in freefall. -
Saudi-Led G20 Summit Marks Global Turning Point in Tackling Pandemic
UK £2 Issue 250, Year 5 March 29, 2020 EU €2.50 www.thearabweekly.com Turkish military Salafists’ Abu Dhabi crown industry buttresses opportunistic prince’s solidarity ambitions overreach towards Syria Page 16 Page 13 Page 3 Saudi-led G20 summit marks global turning point in tackling pandemic fallout Serious questions and a lot of work remain ahead for the G20 in its stewardship of the global economy. Sabahat Khan gether and cooperate in order to face this challenge.” Prospects for a coordinated world- Dubai wide health response and economic support had been marred by divi- he first virtual Group of 20 sions between the United States and summit, presided over by China over responsibility for the pan- Saudi King Salman bin Ab- demic. T dulaziz Al Saud, set the track At the end of the meeting, G20 for a global approach to tackle the leaders released a communique tell- worldwide fallout from the spread- ing the world they are prepared to do ing coronavirus pandemic but many whatever it takes to overcome coro- short- and long-term questions re- navirus pandemic. main. The G20 announced plans to inject Saudi Arabia, which assumed the $5 trillion into the global economy rotating presidency of the G20 this to preserve financial stability and year, called an extraordinary meet- revive growth by restoring confi- ing of the group and organised it in dence. The World Bank is finalising less than a week. a relief package of up to $160 billion International summits typically of its own while the United Kingdom take months of preparation — the committed $253 million towards the G20’s annual summit is scheduled international effort for finding a vac- for November in Riyadh — but the cine for coronavirus. -
Executive-Magazine-D
ECONOMIC ROADMAP www.executive-magazine.com - DRAFT 4.0 - o December 2020 - January 2021 N 251-252 FIGHT FOR HOPE AGAINST A MALIGNANT STATE Lebanon: LL 40,000 Lebanon: You see a family recreating art. At Fidus, we see a USD 57 million Van Gogh masterpiece. We know a good investment when we see one 12 executive-magazine.com Private Wealth Management • Trading and Capital Markets • Funds & Structured Products Advisory +961.1.990600 • www.fidus.com.lb Executive 2020-2021 EDITORIAL #251-252 100 years young 2020 has proven to be one the most tumultuous and unrestrained years in this little nation’s 100 year existence. Twelve months of continuous and unexpected predicaments of the worst kinds, all endured with exemplary dignity and integrity. The extent of empa- thy, generosity and care offered so selflessly by the people is simply humbling. Look in the eyes of healthcare professionals and youths turned saviors in explosion devastated areas and you will understand. It is this sense of pride that allowed for people to repair their homes, renew their shops and pick-up the pieces of their lives The beginning of the second century in the history of modern Lebanon coincides with the beginning of another fight between two sets of socioeconomic models. Lebanon will either move forward or be stuck in the past. Lebanon will either contribute to the world of knowledge, and the knowledge economy, or will watch the world progress. Lebanon will either let corruption devastate its society and environment, or it is going to unite for what is right.