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
UAE Strongly Condemns Renewed Hostile Attacks by Iran on Bahrain and Kuwait
The United Arab Emirates has condemned in the strongest terms the renewed hostile missile and drone attacks by Iran that targeted the Kingdom of Bahrain and the State of Kuwait.
View Details
UAE Participates in Global Leaders Forum Marking the Bicentenary of the 1826 Amphictyonic Congress of Panama
On behalf of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, Her Excellency Noura bint Mohammed Al Kaabi, Minister of State, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, participated in the Global Leaders Forum held in Panama City to mark the bicentenary of the 1826 Amphictyonic Congress of Panama.
View Details
Her Excellency Reem Al Hashimy Receives Italy's Prestigious Marisa Bellisario Award
Her Excellency Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, has been awarded the Marisa Bellisario Award, one of Italy's highest distinctions recognizing outstanding women leaders who have demonstrated extraordinary achievement across diplomacy, government, business, science, innovation, culture, and humanitarian action.
View Details
UAE Expresses Solidarity with Saudi Arabia and Conveys Condolences over Helicopter Crash
The UAE has expressed its solidarity with the brotherly Kingdom of Saudi Arabia over the victims of the Saudi Aramco helicopter crash in Ras Tanura, which resulted in the deaths of all those on board.
View Details