UAE’s compulsory medical insurance for all – what will insurers do on basic premiums?

  • Date: 14-Dec-2022
  • Source: Gulf News
  • Sector:Healthcare
  • Country:UAE
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UAE’s compulsory medical insurance for all – what will insurers do on basic premiums?

There are many a development from the recent past that is leading to a new multipolar world. However, the three summits held recently by Chinese President XI Jinping in Saudi Arabia represent the strongest and most prominent expression of this shift. Trade between China and GCC countries has grown rapidly and hitting $230 billion, and make the Asian powerhouse the GCC’s leading trade partner. This is because of the economic and political influence of the GCC countries, and the fact that Arab states and China share many characteristics that make their cooperation of great benefit and reflect ell on the new alignment of global powers. China has its global project - Belt and Road - initiative, a massive project that will reshape the map of trade and logistics routes and enable China to take control over them. Meantime, the Gulf states are located at the intersection of this vital project and already have the most advanced infrastructure - and one that is unparalleled in the region. Therefore, they can contribute to providing the China initiative with advanced services and facilities, over and above the growing trade exchange between the two. This integration happens at a time when the approaches between