logo
Invest in tourism for peace, UN Tourism chief urges

Invest in tourism for peace, UN Tourism chief urges

Trade Arabia06-03-2025

UN Tourism highlighted the need for investments in tourism sector and its role as a vehicle of peace at ITB Berlin 2025, the world's biggest travel trade show.
As it celebrates its 50th year, the United Nations specialised agency is reaffirming its founding vision of tourism for peace and security while also looking ahead to a more resilient and inclusive sector underscored by investments and innovation.
At ITB Berlin, UN Tourism again served as the bridge between public and private leaders and for the first time hosted a high-level summit featuring ministers of tourism from 23 countries.
Officially opening ITB Berlin 2025, UN Tourism Secretary-General Zurab Pololikashvili said: 'As we have in Berlin and in many other parts of the world, when people can travel freely and when everyone can benefit from tourism, they are more likely to back peaceful resolutions and work together. And peace and security allow us to achieve our vision for the future. Our focus on education, innovation, and investment is ensuring that tourism is not only a driver of economic growth but also a vehicle for empowerment and sustainability.'
Pololikashvili also congratulated Edi Rama, Prime Minister of Albania, for overseeing his country's remarkable growth as a destination. Albania, the host country of ITB Berlin 2025, was the top-performing country in Europe in 2024 in terms of increase in arrivals since before the start of the pandemic. It also hosted UN Tourism's Regional Commission for Europe in 2024 and is a leading destination in tourism investments, as highlighted in the newly-updated UN Tourism Investment Guidelines for the country.
Landmark first summit
In Berlin, UN Tourism and ITB celebrated a landmark first with a high-level ministerial discussion on 'Enhancing Investment, Ensuring Peace: Harnessing Growth, Shaping the Future.'
Joining ministers of tourism and high-level representatives of 23 countries were Julia Simpson, President and CEO of the World Travel and Tourism Council (WTTC).
The leaders focused on the vital need for peace and security to attract investments, on the importance of public-private partnerships, and on good governance to ensure that investments deliver benefits for the sector as well as for host communities, showcasing good practice from destinations worldwide.
During ITB Berlin, the UN Tourism leadership seized the chance to hold high-level meetings with several of its member states. Bilateral meetings were also held with ministers or other top representatives of Armenia, Cambodia Croatia, Indonesia, Poland, Montenegro and Venezuela. - TradeArabia News Service

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

World Bank lifts ban on nuclear energy financing
World Bank lifts ban on nuclear energy financing

Daily Tribune

time5 days ago

  • Daily Tribune

World Bank lifts ban on nuclear energy financing

The World Bank is re-entering the nuclear energy space 'for the first time in decades,' its President Ajay Banga said Wednesday, as it works towards meeting growing electricity demand in developing countries. Banga said in an email to staff that the bank will work closely with United Nations nuclear watchdog the International Atomic Energy Agency (IAEA), 'strengthening our ability to advise on non-proliferation safeguards' and regulatory frameworks. The decision comes as electricity demand in developing countries is set to more than double by 2035, Banga noted in the memo. To meet this need, annual investment in energy generation, grids and storage will have to increase from $280 billion today to about $630 billion. 'We will support efforts to extend the life of existing reactors in countries that already have them, and help support grid upgrades and related infrastructure,' Banga said. The Washington-based lender will also work to speed up the 'potential of Small Modular Reactors' so these can become a viable choice for more countries eventually. Banga, who took the helm of the development lender in 2023, has pushed for a change in the bank's energy policy -- and his letter comes a day after a board meeting. 'The goal is to help countries deliver the energy their people need, while giving them the flexibility to choose the path that best fits their development ambitions,' Banga said. Besides focusing on improving grid performance, he added that the institution will continue financing the retirement or repurposing of coal plants, supporting carbon capture for industry and power generation.

Infracorp Showcases the Kingdom's First Sustainable Sukuk
Infracorp Showcases the Kingdom's First Sustainable Sukuk

Biz Bahrain

time6 days ago

  • Biz Bahrain

Infracorp Showcases the Kingdom's First Sustainable Sukuk

Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has announced its participation in a United Nations workshop recently held in Bahrain to highlight the Kingdom's contribution to global efforts in financing sustainable development. The company presented its pioneering experience in issuing Bahrain's first sustainable sukuk. Infracorp took part in a panel discussion entitled 'Innovative Financing Instruments: SDG-Linked Bonds and Sukuk'. Ms. Zeeba Askar, Chief Sustainability and Investment Officer at Infracorp, delivered a presentation titled 'Bahrain's First Sustainable Sukuk'. She outlined the company's transition from green sukuk to a broader sustainable sukuk framework in line with international trends for financing projects with environmental and social impact. Ms. Askar confirmed that Infracorp's sustainable sukuk framework is fully aligned with the ICMA's Green, Social and Sustainability Bond Principles, supports Bahrain's Economic Vision 2030 and is consistent with the United Nations SDGs. She added that the framework's governance is underpinned by an independent, accredited external opinion to ensure transparency and credibility. The company has mapped key performance indicators, adopted a rigorous project-selection mechanism based on expected outcomes, and issues regular reports to measure each project's environmental and social impact. Commenting on the occasion, Ms Askar said: 'Our objective went beyond issuing a conventional finance instrument; it was about setting a standard for what a Sustainable Sukuk should represent. We carefully built a framework aligned with Bahrain's Economic Vision 2030 and the UN Sustainable Development Goals, with measurable KPIs mapped across every eligible project. The result is a Sukuk rooted in transparency, governed by rigor, and driven by real-world impact.' The workshop highlighted Bahrain's leading efforts in development finance, including Islamic finance, SDG-linked bonds and the fintech sector, ahead of the fourth International Conference on Financing for Development (FfD4), scheduled to take place in Seville, Spain, from June 30 to July 3, 2025. It brought together UN officials, public-sector representatives and private-sector partners to discuss the Kingdom's participation in the conference. FfD4 will serve as a pivotal platform to assess progress on global commitments to finance sustainable development and to address challenges that have emerged since the adoption of the Addis Ababa Action Agenda in 2015. The conference will gather high-level representatives from governments, international and regional organisations, financial and commercial institutions, the private sector, civil society and the United Nations system.

Trump travel ban in effect Blocks citizens from 12 nations
Trump travel ban in effect Blocks citizens from 12 nations

Daily Tribune

time10-06-2025

  • Daily Tribune

Trump travel ban in effect Blocks citizens from 12 nations

President Donald Trump's sweeping new travel ban came into effect early yesterday immediately after midnight, barring citizens from a dozen nations from entering the United States and reviving a divisive measure from his first term. The move is expected to disrupt refugee pathways and further restrict immigration as the Trump administration expands its crackdown on illegal entries. Many of the nations covered by the restrictions have adversarial relations with the United States, such as Iran and Afghanistan, while others face severe crises, like Haiti and Libya. In announcing his restrictions last week, Trump said the new measure was spurred by a recent 'terrorist attack' on Jews in Colorado. The group had been protesting in solidarity with hostages held in Gaza when they were assaulted by a man the White House said had overstayed his visa. That attack, Trump said, 'underscored the extreme dangers posed to our country by the entry of foreign nationals who are not properly vetted' or who overstay their visas. The move bans all travel to the United States by nationals of Afghanistan, Myanmar, Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen, according to the White House. Trump also imposed a partial ban on travelers from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela. Some temporary work visas from those countries will be allowed. New countries could be added, Trump warned, 'as threats emerge around the world.' Mehria, a 23-year-old woman from Afghanistan who applied for refugee status, sa d the new rules have trapped her and many other Afghans in uncertainty. 'We gave up thousands of hopes and our entire lives... on a promise from America, but today we are suffering one hell after another,' she told AFP. World Cup, Olympics, diplomats excluded The ban will not apply to athletes competing in the 2026 World Cup, which the United States is co-hosting with Canada and Mexico, or in the 2028 Los Angeles Olympics, Trump's order said. Nor will it apply to diplomats from the targeted countries. United Nations rights chief Volker Turk warned that 'the broad and sweeping nature of the new travel ban raises concerns from the perspective of international law.' US Democratic lawmakers and elected officials blasted the ban as draconian and unconstitutional. 'I know the pain that Trump's cruel and xenophobic travel bans inflict because my family has felt it firsthand,' congresswoman Yassamin Ansari, who is Iranian-American, posted Sunday on X. 'We will fight this ban with everything we have.' Rumors of a new travel ban had circulated following the Colorado attack, with Trump's administration vowing to pursue 'terrorists' living in the United States on visas. US officials said suspect Mohamed Sabry Soliman, an Egyptian national according to court documents, was in the country illegally having overstayed a tourist visa, but that he had applied for asylum in September 2022. Trump's new travel ban notably does not include Egypt. His proclamation said Taliban-ruled Afghanistan and wartorn Libya, Sudan, Somalia and Yemen lacked 'competent' central authorities for processing passports and vetting. Iran was included because it is a 'state sponsor of terrorism,' the order said. For the other countries, Trump's order cited an above-average likelihood that people would overstay their visas.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store