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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.

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