Latest news with #MinisterialRoundtable
Al Etihad
09-04-2025
- Business
- Al Etihad
AIM Congress explores future of tourism investment
9 Apr 2025 12:39 ABU DHABI (WAM) The Ministerial Roundtable on 'Investment in Tourism: Shaping Tourism Investment Opportunities through Policy Innovation' assembled at AIM Congress 2025, gathering ministers and global stakeholders to redefine the future of tourism investment through strategic policy session brought together 13 speakers, including officials and ministers from the UAE, Bahrain, Georgia, Montenegro, Egypt, and Iran, as well as senior executives from UNCTAD, UN Tourism, World Economic Forum, ESCAP, and the World Free Zones roundtable emphasised tourism's critical role in economic resilience, job creation, and sustainable development. Opening remarks celebrated the region's leadership in shaping future-ready policies to attract quality investments that balance economic growth with environmental of the Ministry of Economy, Abdulla Ahmed Alsaleh, said, 'Under the guidance of our wise leadership, the UAE has succeeded in consolidating its position as a global destination for investment in the tourism sector. We seek to attract Dh100 billion in new investments by 2031.'Minister of Tourism of the Kingdom of Bahrain, Fatima bint Jaafar Al Sairafi, highlighted the nation's evolving tourism policy and robust investment climate, emphasising Bahrain's strategic role in advancing sustainable tourism and economic its leadership, Bahrain has aligned itself with global tourism development goals, integrating UN initiatives while offering attractive investment opportunities through Golden Licences—two of which are tailored specifically to the tourism streamlined regulations, investor privileges, and a 'one-stop-shop' approach to project facilitation, Bahrain continues to position itself as a premier destination for tourism development and global of Cultural Heritage, Tourism, and Handicrafts, Seyed Reza Salehi Amiri, announced a transformative shift in the country's tourism strategy, emphasising a strong pivot toward private sector involvement and investment-driven Minister of Tourism and Antiquities of Egypt, Yomna Elbahar, highlighted Egypt's independent progress in tourism and emphasised the nation's commitment to innovation in hospitality. 'We are bringing together industry pioneers to explore the future of branded living and luxury hospitality in Egypt—shaping new possibilities for the sector,' she Li Collins of UNCTAD underscored the importance of innovative investment frameworks that are resilient and environmentally conscious, while Matthew Stephenson of the World Economic Forum pointed to the power of digital transformation and AI in shaping post-pandemic unanimously called for public-private collaboration, green financing, and investment in human capital as core pillars to unlock tourism's full potential. The session concluded with a strong call to action: to integrate policy innovation, technology, and sustainability as guiding principles for shaping the next era of global tourism investment.
Gulf Today
10-02-2025
- Business
- Gulf Today
Ninth Arab Fiscal Forum focuses on enhancing public finance resilience
The Ninth Arab Fiscal Forum, jointly organised by the Ministry of Finance, the Arab Monetary Fund and the International Monetary Fund, kicked off on Monday in Dubai as part of the World Governments Summit's 2025 preliminary day. The forum brings together Arab finance ministers, economists, and officials from international and regional financial institutions to explore ways to strengthen public finance resilience amid global economic challenges. The discussions will focus on designing efficient and equitable fiscal policies to address debt vulnerabilities and future challenges amid tighter financing constraints. Key topics include subsidy reforms, tax administration, and public sector enterprise reforms. The event includes four panel discussions alongside the Ministerial Roundtable as its closing session. The International Monterey Fund (IMF) has projected global growth to remain at 3.3 per cent this year and the next, before slowing to just above 3 per cent over the next five years, well below the historical average. IMF Managing Director Kristalina Georgieva said that growth in the Middle East and North Africa is expected to rebound to about 3.6 per cent in 2025, driven by a recovery in oil production and an easing of regional conflicts. 'Policymakers have generally succeeded in taming inflation, but not everywhere, with inflation picking up again in some countries. This could lead to a divergence in interest rates across countries and higher borrowing costs for emerging market and developing economies,' Georgieva said at the 9th Arab Fiscal Forum, part of the World Governments Summit 2025 preliminary day in Dubai. She warned that global public debt is projected to hit 100 per cent of global GDP by 2030. 'Many countries in this region face similar pressures, with debt levels exceeding 70 per cent of GDP. This poses the risk of them becoming trapped in a low-growth, high-debt scenario,' she added. Georgieva highlighted the challenges faced by governments, including job creation, strengthening social safety nets, adapting to national security and reconstruction needs, building resilience to natural disasters and supporting economic diversification. She also noted, 'Digital innovation, with AI technologies, is expected to raise UAE's GDP significantly by 2030. More R&D spending will further enhance productivity.' Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, noted the disparity in growth rates between emerging economies and middle-income countries, with some facing significant slowdowns due to financial and geopolitical pressures. He emphasised the continued role of the IMF in providing financial and technical support to developing nations and strengthening structural reforms to stimulate sustainable growth. Monday marked the Day Zero of the World Governments Summit 2025, which takes place in Dubai and runs until February 13th under the theme 'Shaping Future Governments'. Day Zero featured several key forums, including the Arab Fiscal Forum, the Arab Meeting for Young Leaders and the Young Arab Leaders Forum, amidst wide participation from prominent officials, visionaries, decision makers and a host of international organisations. The 12th edition of the World Governments Summit is seeing record international participation, featuring over 30 heads of state and government, more than 80 international and regional organisations and global institutions, 140 government delegations alongside thought leaders and experts discussing major global trends during more than 200 interactive sessions featuring over 300 global speakers. The 9th Arab Fiscal Forum, jointly organised by the Arab Monetary Fund (AMF), the International Monetary Fund (IMF), and the Ministry of Finance, will focus on designing efficient and equitable fiscal policies to address debt vulnerabilities and future challenges amid tighter financing constraints. Key topics include subsidy reforms, tax administration, and public sector enterprise reforms. Speakers at the forum's opening session include Mohamed Al Hussaini, Minister of State for Financial Affairs in the UAE; Kristalina Georgieva, Managing Director of the International Monetary Fund; Dr. Fahad Al Turki, Director-General and Chairman of the Board of the Arab Monetary Fund. Other sessions at the forum, attended by Arab ministers of finance and governors of central banks, will address the Macroeconomic Developments and Implications for Fiscal Position; Options for Fiscal Policy Design in the Face of Mounting Debt Pressures, Fiscal Policy and Climate Resilience, and Revamping Tax Systems for Large Structural Economic Change. Day Zero will also feature the Arab Meeting for Young Leaders, a shared platform for collaboration between decision-makers and Arab youth, that is characterised by its extensive engagement of youth in all phases, including preparation, implementation, attendance, and participation.
Emirates 24/7
10-02-2025
- Business
- Emirates 24/7
World Governments Summit 2025: Ninth Arab Fiscal Forum kicks off
The Ninth Arab Fiscal Forum, jointly organised by the Ministry of Finance, the Arab Monetary Fund and the International Monetary Fund, kicked off today in Dubai as part of the World Government Summit's 2025 preliminary day. The forum brings together Arab finance ministers, economists, and officials from international and regional financial institutions to explore ways to strengthen public finance resilience amid global economic challenges. The discussions will focus on designing efficient and equitable fiscal policies to address debt vulnerabilities and future challenges amid tighter financing constraints. Key topics include subsidy reforms, tax administration, and public sector enterprise reforms. The event includes four panel discussions alongside the Ministerial Roundtable as its closing session. Follow Emirates 24|7 on Google News.
Hi Dubai
10-02-2025
- Business
- Hi Dubai
WGS 2025: Ninth Arab Fiscal Forum Opens in Dubai
The Ninth Arab Fiscal Forum, jointly organised by the Ministry of Finance, the Arab Monetary Fund and the International Monetary Fund, kicked off today in Dubai as part of the World Governments Summit's 2025 preliminary day. The forum brings together Arab finance ministers, economists, and officials from international and regional financial institutions to explore ways to strengthen public finance resilience amid global economic challenges. The discussions will focus on designing efficient and equitable fiscal policies to address debt vulnerabilities and future challenges amid tighter financing constraints. Key topics include subsidy reforms, tax administration, and public sector enterprise reforms. The event includes four panel discussions alongside the Ministerial Roundtable as its closing session. News Source: Emirates News Agency
