The World Conference of Traders in Financial Markets comes out with 10 recommendations to achieve economic growth

 
11/21/2021

Economy New Z Baghdad

The work of the 59th ACI International Conference and the 45th ICA 2021 Conference, which was launched and organized by the Emirates Association of Traders in Financial Markets, under the slogan “The World in Transition”, concluded at the Hilton Hotel in Al Habtoor Village in Dubai. With the participation of more than 600 guests from economic figures and former political leaders from around the world.

Following the end of the conference sessions, the participants reached 10 recommendations that would achieve the goals of economic growth, develop its tools, and expand the base of its dealings with various markets around the world, taking into account the role of the UAE and its early awareness and initiative to employ artificial intelligence in economic sectors, and activate the system Blockchain technologies, in a step that confirms its keenness to anticipate the future and develop plans and strategies necessary to meet its challenges.

The recommendations reached by the participants included the need to take advantage of the Covid-19 crisis, by employing lessons learned and mistakes committed by some global economies in enhancing the flexibility of economic tools, in order to be able to fully shift towards blockchain and digital systems, while providing the necessary solutions to the accompanying challenges, which It includes maintaining data security to enhance privacy, improve performance, and raise the efficiency of cryptocurrencies as an emerging and new type of asset.

The participants also announced the importance of identifying controls and mechanisms capable of enhancing the capabilities of institutions and enabling them to develop a general framework for governance that contributes to facilitating their movement and mobility in the technological digital world, in addition to attaching these controls to a system of policies and strategies regulating the use and application of digital technologies, as well as specifying texts in The work environment includes specific policies for the application of the blockchain, and raising the capabilities of financial markets in times of crisis and turmoil by clarifying and identifying the status of encrypted assets.

The participants recommended the necessity of directing the abundance of options offered by technology, including artificial intelligence, in assessing the risks of epidemics, and anticipating them with guiding solutions, in addition to maximizing the role of information exchange through national information and communication centers, which contribute to rapid response, confronting crises and assessing their risks, in addition to promoting The role of data coordination between the components of the economic sectors, and the shift towards adopting flexible models within the tools of economic work, to be able to keep pace with changes in the technological reality, and activate the reality of innovation and its culture to be the starting base towards achieving the desired success, through growth in the field of application of blockchain technology. 

The conferees said that artificial intelligence has brought about a major shift in money management, as most banks and investment houses are now competing to apply the best technologies. of costs and shift its focus in research and development in order to use the best technology technology.

The speakers pointed out the importance of a balanced mindset and how it affects decision-making, as situations must be studied and analyzed, then decisions must be taken accordingly, and rely on studies, numbers and strategies followed, stressing the importance of leaders’ mental health to guide individuals for a better future.

The participants discussed the supported economic laws that enable financial companies to grow in an effective manner, as well as the partnership between the government and the private sector to achieve the public benefit of the economy, especially during the era of the pandemic, and the UAE was chosen as an example for the rest of the countries in how to provide support to the public and private sectors to ensure business continuity correctly.

Mohammed Al Hashemi, Chairman of the Emirates Association of Financial Markets Traders, said, "The meeting of this large number of influential guests in their societies, and in the reality of global economies, and their participation in the conference sessions, contributed to enriching the event, and led to the placement of many pivotal and pivotal points on the discussion table. This led to many recommendations that we hope will contribute to the rapid recovery of the economy and the financial sector, adapting to new technologies, understanding the new effects of interest rates, and investments using artificial intelligence.”

In turn, Ohoud Al Ali, a member of the Board of Directors of the Emirates Association of Financial Markets Traders, explained that the conclusion of the conference for its activities is a starting point for the next step of diligent work towards implementing its recommendations, and gradually dropping them on the economic sectors, while continuing research and innovation in order to enhance the continuity of economic growth, and the development of Its tools are in line with the successive developments witnessed by the world, and keep pace with the rapid developments achieved by technological development.

For their part, the participants in the conference expressed their happiness at attending the conference, describing it as the most organized conference rich in detailed sessions and pivotal discussions, in which a group of pioneers in financial markets, central banks, political leaders specialized in the economic sector, businessmen, and economic academics participated, praising the ability of the organizers. The conference will focus on implementing social distancing policies, precautionary measures, and providing an in-place PCR testing team for the needs of participants.

Following the conclusion of the conference, a delegation from the Emirates Association of Financial Markets Traders accompanied all the delegations participating in the conference on a tour that included a visit to the Expo 2020, and a view of the participating pavilions, in addition to visiting a number of facilities and tourist places that are abundant in the Emirate of Dubai, with the aim of Inform them of the reason that makes it a first destination for tourists from all over the world.

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