The United Kingdom has long been a hub for innovation and technology, attracting talent from around the world. However, navigating the intricacies of immigration, job searching, and career development in a new country can be a daunting task. Themis Technologies recognizes these challenges and is committed to assisting international tech professionals in achieving their career goals in the UK.

The Career Consultation and Tech Job Support program offered by Themis Technologies includes a wide range of services designed to ease the transition for tech professionals in India. These services include immigration guidance, resume and interview preparation, job search assistance, and mentorship.

Understanding the UK’s immigration policies and procedures is crucial for anyone considering relocating. Themis Technologies’ experts provide guidance on visa options and residency requirements. Crafting an effective CV and performing well in interviews are essential for securing a job. Themis Technologies offers personalized assistance to help candidates present themselves confidently to potential employers.

Access to a network of UK tech companies and job openings is a significant advantage. Themis Technologies familiarises candidates with the UK job market and platforms that align with their aspirations. Guidance from experienced mentors can be invaluable. Themis Technologies will provide a range of helpful sessions to assist in settling into life in the UK.

“Our Career Consultation and Job Support program is designed to provide comprehensive support at every step of the journey, from immigration to career advancement,” said Gayatri Panda, Business Partner of Themis Technologies. “Themis Technologies is committed to fostering talent and helping tech professionals in India settle and excel in the UK’s dynamic technology landscape.”

Themis Technologies is a responsible business committed to diversity and inclusion, sustainability, and legal and technical skills to help professionals advance. The firm has a robust, ingrained approach that is genuinely different, and they are accessible and approachable to work with.

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Bahrain experienced strong growth in 2022, in line with other Gulf Cooperation Council countries. Continued fiscal reform momentum and high oil prices improved fiscal and external balances. The economy grew by 4.9 percent in 2022, driven by 6.2 percent growth in non-hydrocarbon GDP while hydrocarbon GDP contracted by 1.4 percent. Non-hydrocarbon growth was driven by public, financial, and hospitality services and manufacturing. CPI inflation accelerated from -0.6 percent, on average, in 2021 to 3.6 percent in 2022. With the economic recovery well underway, ongoing fiscal reforms, and higher oil prices, the state budget deficit declined significantly, narrowing to 1.2 percent of GDP in 2022, from 6.4 percent in 2021, while the overall fiscal deficit declined from 11 to 6.1 percent of GDP. Government debt declined to 117.6 percent of GDP in 2022 from 127.1 percent of GDP in 2021. The current account improved markedly and posted its largest surplus in decades, estimated at 15.4 percent of GDP in 2022, up from 6.6 percent of GDP surplus in 2021. The banking system remains resilient with ample buffers and has so far withstood the phasing out of COVID measures and tightening financial conditions.

Growth is projected to moderate to 2.7 percent in 2023, with non-oil GDP growing by 3.3 percent reflecting fiscal consolidation, higher interest rates, and a base effect from 2022 strong growth. Thereafter, growth is projected to stabilize at around 2.7 percent over the medium term. Nevertheless, significant uncertainty clouds the forecast, including oil price volatility, international financial turmoil and ongoing tightening, and a slowdown in global growth.

The authorities remain strongly committed to their fiscal and structural reform agenda as outlined in the Fiscal Balance Program and Economic Recovery Plan with a focus on reducing the fiscal deficit and public debt, while advancing diversification efforts, including by increasing labor market flexibility, further lifting female labor force participation, enhancing economic digital infrastructure, and addressing climate change challenges.

Executive Board Assessment[2]

Executive Directors agreed with the thrust of the staff appraisal. They commended Bahrain’s strong post-COVID growth and fiscal performance, supported by successful COVID responses, continued reform momentum, and favorable commodity prices. Noting that growth is projected to moderate and risks remain, Directors emphasized the importance of implementing a medium-term fiscal adjustment plan, safeguarding financial stability, and accelerating structural reforms.

Directors welcomed the authorities’ continued commitment to implementing reforms under the Fiscal Balance Program (FBP), including the progress so far to enhance non-hydrocarbon revenue mobilization and the continued spending restraint. They underscored that implementing the current budget in line with FBP targets and continuing with ambitious reforms in the medium term are critical to ensure fiscal and external sustainability and reduce reliance on oil revenues. Directors also highlighted the importance of embedding fiscal reforms in a credible medium-term fiscal framework. Improving debt and fiscal transparency including by gradually reducing extrabudgetary spending would be important.

Directors agreed that the exchange rate peg continues to serve Bahrain well as a monetary anchor. In this context, they stressed that fiscal consolidation and structural reforms will support the external position, while monetary policy should continue to follow the Fed. Directors emphasized the importance of freezing the government overdraft account at the central bank and developing a plan for its repayment, which will help bolster reserves and thus support the external position and the peg.

Directors welcomed the successful withdrawal of COVID support measures, noting that the banking system remains healthy with ample buffers. They underscored that continued close monitoring of financial stability risks and further strengthening of macroprudential frameworks are warranted, given headwinds from tightening financial conditions. In this context, Directors encouraged further strengthening of the regulatory, supervisory, bank resolution, and macroprudential frameworks. They also welcomed Bahrain’s leading role in the fintech agenda and encouraged a careful assessment of the benefits and risks in introducing a central bank digital currency, with Fund CD support.

Directors welcomed Bahrain’s ambitious structural reform agenda. They encouraged the authorities to continue improving labor market flexibility and empowering women, and leveraging opportunities from regional integration. Pressing ahead with climate mitigation, through a gradual phasing out of energy subsidies and further investments in renewable energy, would facilitate Bahrain’s climate transition without creating additional fiscal needs or weighing on growth.

It is expected that the next Article IV Consultation with The Kingdom of Bahrain will be held on the standard 12-month cycle.

Table 1. Bahrain: Selected Economic Indicators, 2019–24

[1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

[2] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of the Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

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PUNE: MediBuddy, India’s leading digital healthcare platform, is constantly revolutionizing the Indian healthcare sector through innovation in its core offerings of online video doctor consultations. MediBuddy’s vision is to make high-quality healthcare accessible to a billion Indians. The platform promises to deliver an online video consultation with a specialist doctor in 10 minutes, 24X7, 365 days a year.

The campaign focuses on creating a healthier India by launching a series of targeted brand films featuring Mr. Amitabh Bachchan. In today’s time, individuals are increasingly demonstrating an inclination toward adopting a health-conscious lifestyle. However, when people are unwell, they overlook the importance of seeking expert medical attention. This is due to the common belief that they can self-treat or because they willingly accept unsolicited advice. MediBuddy aims to change this prevalent behavior by making users realize that an online video consultation with an expert doctor can be availed from the convenience of their home or anywhere within 10mins.

Speaking about the campaign, Satish Kannan, Co-founder & CEO of MediBuddy, said, “It’s been our vision to make high-quality healthcare accessible to a billion Indians. We constantly invest in technology to bridge the urban and rural healthcare divide. Our platform will provide our fellow Indians with the convenience of consulting a doctor on video in 10 minutes, ensuring accessibility to expert doctors and healthcare services. This will help them make informed decisions, leading to a healthier community. We are confident that the desired message to raise awareness about the convenience and accessibility of online video doctor consultations will create a shift in existing mindset amongst people at large and enable them to make healthier choices.”

Saibal Biswas, Head of Marketing, Partnerships & PR at MediBuddy, added, “The new brand campaign is based on the fact that people usually make arbitrary decisions or procrastinate in seeking expert medical attention. It aims to create a top-of-mind recall for choosing online video doctor consultations actively challenging the accepted status quo. It emphasizes that accessing expert medical consultation can be as convenient as everyday online activities like banking, shopping, and food delivery. Mr. Bachchan’s portrayal in the ad films echoes MediBuddy’s positioning as an expert caregiver who is always there to assist users during their healthcare journey. In the ads, Mr. Bachchan pops out of the mobile phone magically in a never seen before avatar, as a buddy and a living personification of the MediBuddy app.”

MediBuddy’s services are available in 16 languages, making it accessible to people from diverse regions and linguistic backgrounds. Moreover, with 22+ specialties available, MediBuddy caters to various medical needs, making quality healthcare accessible to a billion Indians.

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