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 holds phone call with Kuwait’s Foreign Minister
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a telephone conversation with Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Minister of Foreign Affairs of the sisterly State of Kuwait.
View Details
UAE leaders congratulate President of Philippines on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ferdinand Marcos of the Philippines on the occasion of his country's Independence Day.
View Details
UAE leaders congratulate Russian President on Russia Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Vladimir Putin, President of the Russian Federation, on the occasion of Russia Day.
View Details
UAE Strongly Condemns Renewed Hostile Attacks by Iran on Bahrain, Kuwait and Jordan
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, the State of Kuwait, and the Hashemite Kingdom of Jordan.
View Details