Ali Al-Ghanim: The development of intra-Arab trade through modern technologies

by **claud39** Thu Jan 10, 2019 7:54 am

http://www.uabonline.org/en/news/arabicnews/15931604161015751604159415751606160515781591160816/59315/0

Ali Al-Ghanim: The development of intra-Arab trade through modern technologies

10/01/2019

Ali Al-Ghanim: The development of intra-Arab trade through modern technologies Rc_154710428136_23

Kuwait Chamber of Commerce and Industry (KCCI) hosted a joint meeting with the Federation of Arab Chambers in cooperation with the Arab Chambers of Commerce and Industry (DCCI).
The Chamber President Ali Al-Ghanim welcomed the participants and wished them a fruitful dialogue that strengthens the role of the Arab Chambers in the development of intra-Arab trade through the employment of modern technologies and the digital economy.
For his part, thanked the Secretary-General of the Union of Arab Chambers d. Dr. Khalid Hanafi praised Kuwait's role in hosting the meeting and praised the role played by the Chamber in the framework of the Union of Arab Chambers and its activities. He also thanked the participants from various Arab countries for their response and interest in attending this important meeting.
The Secretary General of the Union of Arab Chambers pointed out that the Arab Digital Market project was launched at the beginning of 2018 during the meetings of the Federation of Arab Chambers, with the aim of setting up an electronic platform to contribute the Arab Chambers and the Arab foreign joint rooms to enable subscribers to benefit from this tool Inter-Arab trade between the Arab countries as well as between the Arab countries and the world.
The meeting discussed the concept of the digital economy, which is defined as an economy based on information technology, and contributes to the economic development of the system through the use of new tools and methods based on technological development and artificial intelligence. In view of the recent years of high consumer adoption rates on smart phones, the digital consumption sector has witnessed a remarkable increase. However, reliance on new technologies is inevitable and requires companies to keep pace with this development in various fields.
The meeting also discussed the investment in technological infrastructure projects in the Arab world through the establishment of an electronic platform to achieve the Arab electronic market by linking the databases in the Arab rooms and common rooms, and provide a package of services that meet the needs of production institutions and work according to the nature of its work and activities, The objective of the development of the intra-Arab trade. During the meeting, the topics related to the technical, financial and logistical details related to the establishment of the Arab electronic market project were discussed. Feasibility studies, and to identify other experiences and the development of the Union's role in this matter.

by **claud39** Thu Jan 10, 2019 7:56 am

http://www.uabonline.org/en/news/arabicnews/15751604158915851593157516081610158215911591159116/59316/0

Al-Sarawi: ambitious plans to achieve economic and financial sustainability

10/01/2019

Ali Al-Ghanim: The development of intra-Arab trade through modern technologies Rc_154710431592_23

Ali Al-Ghanim: The development of intra-Arab trade through modern technologies Rc_154710431592_23

The fourth annual meeting of Arab finance ministers, chaired by Kuwaiti Finance Minister Saleh al-Sarawi, kicked off Wednesday in the UAE capital Abu Dhabi.
The meeting, organized by the Arab Monetary Fund, was attended by Arab
finance ministers, experts and representatives from the International Monetary Fund, the World Bank Group, the Organization for Economic Co-operation and Development and a group of specialists in Arab finance.
Al-Sarawi said in a statement to Kuwait News Agency (KUNA) that the meeting touched on several topics including support for small and medium enterprises in the Arab countries and the development of social security fund systems in the Arab countries.
He added that the meeting dealt with the preparations for the fourth forum of public finance in the Arab countries scheduled to be held in Dubai on February 9, in addition to preparations for the next session of the Arab finance ministers meeting scheduled to be held in Kuwait in April.
The meeting, chaired by Kuwait as chair of the current session of the Council of Arab Ministers, discussed the development of public debt management and strategies in Arab countries and the use of modern financial techniques to develop tax services.
Al-Sarawi said that Arab experiences have been exchanged on achieving financial sustainability in the Arab countries, pointing out that Kuwait has set ambitious and promising plans for economic and financial sustainability within Kuwait's 2035 vision.
The agenda of the meeting included the discussion of three working papers presented by the International Monetary Fund on supporting small and medium enterprises in the Arab countries and the role of fiscal policies and structural reforms.
The second paper dealt with the rethinking of social protection and workers' policies for jobs and growth in the Middle East, presented by the World Bank.
The third working paper reviewed a study on the development of public debt management and strategies in the Arab countries, which was presented by the Arab Monetary Fund.

by **claud39** Thu Jan 10, 2019 7:58 am

http://www.uabonline.org/en/news/arabicnews/15751604159415851601157516041593158515761610157715/59309/0

«Arab Chambers» seeks to establish a «electronic market» joint

10/01/2019

Ali Al-Ghanim: The development of intra-Arab trade through modern technologies Rc_154710398275_23

Ali Al-Ghanim: The development of intra-Arab trade through modern technologies Rc_154710398275_23

The Secretary General of the Union of Arab Chambers, Khalid Hanafi, that the Union is currently planning to establish a joint Arab electronic market, pointing out that the new market will be the first of its kind in the Arab world.
Hanafi said on the sidelines of the meeting of the Federation of Arab Chambers, held at the headquarters of the Chamber of Commerce and Industry in Kuwait, that the common Arab electronic market relies on artificial intelligence to connect Arab employers, producers and consumers with the aim of developing intra-Arab trade and linking Arab businessmen and businessmen, Small and medium industries, in addition to reducing costs and providing job opportunities for Arab youth.
He added that the use of information technology in small and medium enterprises does not exceed 8 per cent, as there are some applications and electronic platforms necessary to achieve digital interaction, which necessitates the creation of these platforms and comprehensive applications, so that the economy is strengthened and the preservation of wealth.
The Secretary General of the Union of Arab Chambers said that the digital platform will link 16 common Arab chambers under the umbrella of the Federation of Arab Chambers, as well as the link between 16 Arab and foreign joint rooms. He stressed that trade among the Arab countries amounted to 13% of the total trade, Non-oil sector, pointing out that this percentage is "very weak", and expected to increase after the implementation of this project and after the compatibility with the language of the electronic era and digital exchange, to be the Arab region and a pioneer in the introduction of new.
He said that the work in the Union is intensive in cooperation with various companies, especially as this area is new to the Arab countries. He pointed out that many meetings were held in Algeria, Egypt, Lebanon and others to discuss this project, stressing that everyone expressed their support for them and their desire to exchange information for the implementation of those projects. The platform that is the nucleus of the common Arab market and modern electronic tools.
"We are now in the process of identifying existing financing capacities and participants in the financing process, especially since the initial cost of the project is around $ 6 million," he said. That it is supposed to participate in financing Arab chambers and some Arab financial institutions ».
Hanafi also pointed out that the digital project was discussed for the first time in the next four years plan of the Union of Arab Chambers, a plan that helps to keep abreast of modern developments and digital communication, explaining that the bulk of the plan was for digital orientation, as the whole world follows this electronic trend. He pointed out that the Chamber of Commerce and Industry in Kuwait hosted this meeting to discuss an Arab project aspiring to establish the Arab electronic market, stressing that the dream of unity from the ocean to the Gulf achieved by trade, even on a digital platform.
Hanafi called for action in the interest of the Arab economy, Arab trade, Arab investment and the Arab economy. "We are at a critical stage. We can not separate from the world and the digital economy. There are countries that have made tremendous progress in this field, Including Egypt, Tunisia, Lebanon and Morocco, where it has begun to take effective steps in this field. Digital transformation has achieved efficiency and speed in work and is the best use of information technology ».
Hanafi said that the use of information technology in small and medium enterprises in the Arab region does not exceed 8 percent, because there are no applications and electronic platforms to achieve digital interaction. Therefore, we must create these platforms and our comprehensive applications so that we can strengthen the economy and maintain our wealth.