The UAE today hosted the 25th meeting of the Indian Ocean Rim Business Forum (IORBF). The event, which was held virtually as part of the Annual Investment Meeting under the theme of “Pathways to Prosperity: Regional Integration and Opportunities for the Private Sector,” aims to promote economic growth, trade, and investment in the Indian Ocean region.
The meeting was chaired by the Secretary-General of the UAE Federation of the Chambers of Commerce and Industry, His Excellency Humaid Ben Salem, as part of the UAE’s Chairship of the Indian Ocean Rim Association (IORA) for 2019-2021. The meeting brought together business representatives from IORA Member States and Dialogue Partners to discuss modernizing trade and investment in the Indian Ocean and the future of the IORBF in a post-COVID-19 world.
The IORBF is the primary IORA body for business representatives to advise IORA ministers and officials on business issues and ways to accelerate intra-regional trade and increase foreign direct investment flows in the region. IORBF membership is comprised of senior members of chambers of commerce and the business community who can effectively represent the national business interests of their economies.
The UAE joined IORA in 1999 and assumed chairship of the association during the 19th IORA Council of Ministers meeting held in Abu Dhabi on 7 November 2019 under the theme of "Promoting a Shared Destiny and Path to Prosperity in the Indian Ocean."
The IORBF, which is convened annually, last took place in Durban, South Africa on 18 June 2019.
Related News
Abdullah bin Zayed, Omani FM discuss regional developments by phone
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs and Sayyid Badr bin Hamad bin Hamoud Al Busaidi, Minister of Foreigns of the Sultanate of Oman, discussed, during a telephone call, developments in the Middle East, regional updates, and ongoing efforts to achieve lasting security and stability in the region.
View Details
Abdullah bin Zayed, Canadian Foreign Minister discuss bilateral ties, CEPA agreement
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed bilateral relations and ways to strengthen them in support of mutual interests during a telephone call with Anita Anand, Canada's Minister of Foreign Affairs.
View Details
UAE Expresses Solidarity with Syria and Conveys Condolences over Victims of Collision Between Two Passenger Buses
The United Arab Emirates has expressed its solidarity with the Syrian Arab Republic over the victims of a collision between two passenger buses on the Damascus–Deir ez-Zor highway, which resulted in a number of deaths and injuries.
View Details
UAE leaders congratulate President of Liberia on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Joseph Nyuma Boakai of the Republic of Liberia, on the occasion of his country's Independence Day.
View Details