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, Egyptian FM discuss latest regional developments
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed during a telephone call with Dr. Badr Abdelatty, Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates of the Arab Republic of Egypt, the latest regional developments and their implications for the security and stability of the region.
View Details
UAE Strongly Condemns Renewed Iranian Hostile Attacks on Bahrain, Kuwait, Qatar, Jordan, and Oman
The United Arab Emirates has condemned in the strongest terms the renewed hostile missile and drone attacks by Iran targeting the Kingdom of Bahrain, the State of Kuwait, the State of Qatar, the Hashemite Kingdom of Jordan, and the Sultanate of Oman.
View Details
UAE Expresses Solidarity with Bangladesh and Conveys Condolences over Flood Victims
The UAE has expressed its solidarity with the People's Republic of Bangladesh over the victims of floods caused by heavy rainfall, which resulted in dozens of deaths and injuries, as well as significant damage.
View Details
UAE leaders congratulate President of Mongolia on National Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ukhnaa Khurelsukh of Mongolia on the occasion of his country's National Day.
View Details