Given modern advancements in health care and living standards, average life expectancies have been increasing around the globe. The Gulf is no exception, with the median age in the region expected to rise from 32 in the year 2022 to 51 in 2100.
This trend reflects well on the healthcare industry and has a variety of positive implications. However, it shows a significant shift in the demographic makeup of the region that policymakers must continue to plan for, in order to ensure that they are meeting national goals and staying on paths towards progress in the coming years.
A steady growth in the overall lifespan across the region calls for a strategic approach for even greater inclusion of senior citizens in the social as well as economic realms. Although the Gulf’s culture has always valued and engaged with the elderly members of its communities, the current context may warrant a series of tailored and dynamic initiatives for seniors.
This is not to say work has not been done in this regard. The UAE and Saudi Arabia, for example, already have in place laws that give greater protection to the rights of their senior citizens. However, government policies in some countries could be expanded to include more initiatives to further improve living standards of seniors. These include better access to health care, specialised housing, community centres and activities, continuing education and flexible, post-retirement employment and business opportunities.
Advisory roles, focus groups, training positions and volunteer work are all great ways to invite senior citizens back into the socio-economic ecosystems
Urban centres can be re-examined from the perspective of senior citizens, with a focus on ease of access and assistance where required. Community spaces that address seniors’ interests can be introduced to encourage them to spend more time outside their homes and engage with the broader community. Developing more assisted living communities for seniors in urban areas would also help integrate citizens into the fabric of growing cities across the region.
It is also important to ensure digital literacy among seniors, so that they are able to independently access opportunities to work, socialise and stay connected from the comfort of their homes and neighbourhoods.
Business and entrepreneurship have always been the pulse of the Gulf, with citizens from all age groups demonstrating interest and success that have made an undeniable impact. Nevertheless, it is common to witness senior members in some societies across the region stepping back post-retirement, or feeling reluctant to return to work after taking time off for health or other personal reasons.
Governments and private sectors have the opportunity to be proactive in providing flexible options that can offer seniors the chance to contribute to the workforce, albeit in limited capacities with great flexibility that accommodates their evolving needs. It would help a lot to have continuing education and training programmes that would help seniors build and maintain relevant skill sets and boost their overall confidence so that they can continue to work as they find fit.
Seasoned business owners who are past retirement age, and who decide to step away from their enterprises, can be invited for consulting and mentorship roles in businesses and professional organisations. Indeed, younger and aspiring entrepreneurs would have much to learn from them and would benefit from the wisdom and guidance of someone who has been successful in building and running their business.
Advisory roles, focus groups, training positions and volunteer work are all great ways to invite senior citizens back into the socio-economic ecosystems. Their contributions to the community would bring great value, and they would personally benefit from greater autonomy and overall mental and physical well-being.
It will take time for governments to introduce, develop or fine-tune initiatives – depending on what stage each country finds itself at – that promote inclusion across all age groups in the region. Governments would have to be proactive in educating business owners and seniors about the benefits of inclusion and how it would contribute to mutual long-term benefits.
We cannot deny obstacles such as the lack of support services in some countries that enable easy access. However, these can be addressed with the correct approach to planning. After all, the Gulf has come a long way over the past century, having developed robust economies, diversified interests and built modern cities. Policymakers also deserve credit for keeping youth at the helm of national growth strategies, with the region having witnessed a rise in education and employment.
The trend towards a growing percentage of senior citizens is a testament to the development of effective health care and improved living conditions, and so the next natural step involves ensuring the socio-economic inclusion of these citizens. Fostering an environment that prioritises inclusion across all strata of society, and one that is proactive in engaging with and catering to the needs of this particular growing group, is the best way forward. This will ensure unity and prosperity across the region in decades to come.
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
Results
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The Baghdad Clock
Shahad Al Rawi, Oneworld
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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Stage 2
1. Mathieu van der Poel (NED) Alpecin-Fenix 4:18:30
2. Tadej Pogacar (SLV) UAE Team Emirates 0:00:06
3. Primoz Roglic (SLV) Jumbo-Visma 0:00:06
4. Wilco Kelderman (NED) Bora-Hansgrohe 0:00:06
5. Julian Alaphilippe (FRA) Deceuninck-QuickStep 0:00:08
About Okadoc
Date started: Okadoc, 2018
Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth
Funding stage: Series B fundraising round to conclude in February
Investors: Undisclosed
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
More from Rashmee Roshan Lall
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Left Bank: Art, Passion and Rebirth of Paris 1940-1950
Agnes Poirer, Bloomsbury
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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