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 Terrorist Attacks by Iran on Bahrain
The United Arab Emirates has condemned in the strongest terms the terrorist drone and missile attacks by Iran targeting the Kingdom of Bahrain.
View Details
UAE Expresses Solidarity with India and Conveys Condolences over Victims of Hotel Fire in New Delhi
The United Arab Emirates has expressed its solidarity with the Republic of India following a fire at a hotel in Malviya Nagar, New Delhi, which resulted in a number of deaths and injuries.
View Details
Abdullah bin Zayed Chairs the Meeting of Higher Committee Overseeing National Strategy on Anti-Money Laundering, Countering the Financing of Terrorism and Countering Proliferation Financing
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, chaired the 23rd meeting of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering, Countering the Financing of Terrorism and Countering Proliferation Financing.
View Details
Abdullah bin Zayed holds phone call with Kuwaiti FM
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a telephone call with Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Minister of Foreign Affairs of the State of Kuwait.
View Details