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4/30/24, 9:30 AM World News | Investopia 2024 Emphasises Importance of Driving New Economy Projects in AI, Fintech, Healthcare, Environment |…
innovate and develop advanced digital applications that contribute to providing solutions

to support economic growth.

Speakers noted that creating an enabling environment to promote innovation and build

entrepreneurial enterprises based on creativity and excellence is critical to meeting

global 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 emphasised 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.

Investopedia 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 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. (ANI/WAM)

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