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, Morocco's FM discuss regional developments by phone
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed the latest regional developments and efforts to enhance security and stability in the Middle East during a phone call with Nasser Bourita, Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates of Morocco.
View Details
UAE Expresses Solidarity with Türkiye and Conveys Condolences over Victims of Heavy Rains and Floods
The United Arab Emirates has expressed its solidarity with the Republic of Türkiye following heavy rains and floods, which resulted in a number of deaths, injuries, and missing persons, as well as significant damage.
View Details
Abdullah bin Zayed, Egypt's FM discuss regional developments by phone
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed the latest regional developments and the situation in the Middle East during a phone call with Dr. Badr Abdelatty, Egypt's Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad.
View Details
Abdullah bin Zayed holds phone call with Kuwaiti Foreign Minister
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a phone call with Sheikh Jarrah Jaber Al Ahmad Al Sabah, Minister of Foreign Affairs of the State of Kuwait.
View Details