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4/30/24, 9:24 AM Investopia 2024 emphasizes importance of driving new economy projects in artificial intelligence, fintech, healthcare & environment
economic challenges. The government sector’s focus on reducing carbon emissions and
driving digital transformation would support the competitiveness of that environment and

enhance economic stability.

They also emphasized the UAE's pivotal role in promoting artificial intelligence innovation
and developing new industries that support the future of sustainable economic

development and a rapid transition towards the digital age. The proactive approach

adopted by the UAE to shift from carbon-intensive industries to sustainable initiatives such
as the significant expansion of clean energy was also highlighted. Speakers pointed out

the UAE as a model for building a future economy based on innovation, knowledge and
sustainability.

Flexible fiscal policies enhance resilience to shocks and reduce risks

Investopia sessions noted that governments' desire to adopt competitive economic
legislation, flexible fiscal policies and tax facilities is key to overcoming the uncertainty of

the global economic landscape, containing shocks and reducing risks for emerging
economies.

In addition, the speakers pointed out that the developing countries face many current

challenges, including high inflation rates and failure to effectively meet their citizens'
needs. This calls for the expansion of social protection strategies and sustainable

economic policies that take into account the social dimension and reduce the debt burden

faced by emerging economies.

-Ends-

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