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4/30/24, 9:26 AM PRESSR: Investopia 2024 emphasizes importance of driving new economy projects in artificial intelligence, fintech, healthcare & e…
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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