Attending the thought-provoking panel at the Qatar Economic Forum, I was struck by the insightful perspectives shared by distinguished speakers. Here are some key highlights from the discussion on reengineering globalization:
H.E. Khalid Al-Fatih, the Minister of Investment from the Kingdom of Saudi Arabia, expressed his vision for Riyadh as the economic capital of the Middle East. He emphasized the positive impact of globalization, acknowledging its role in lifting millions out of poverty.
According to Minister Al-Fatih, healthy competition between certain capital cities in the GCC is beneficial. It fosters innovation, growth, and prosperity. This competition drives countries to continuously improve and meet the evolving needs of their citizens.
Highlighting the rapid transformation taking place, Minister Al-Fatih emphasized the unprecedented pace at which the quality of life is improving in Riyadh. The city is experiencing remarkable advancements, setting new benchmarks for development and progress.
Contrary to some assumptions, Minister Al-Fatih made it clear that Saudi Arabia is not decoupling from either China or the United States. By maintaining strong ties with both, they aim to leverage the benefits and opportunities presented by global economic partnerships.
Shifting our focus to the United Kingdom, Kemi Badenoch, the Secretary of State for Business and Trade, highlighted the country's commitment to evolve and adapt. She emphasized that the UK is not dwelling in the past but embracing a dynamic future. #UKInnovation
Recognizing the importance of a pragmatic relationship with China, Secretary Badenoch noted that overreliance on any single country became problematic during the pandemic. To mitigate risks, the UK aims to diversify its trade relationships and actively pursue more FTAs.
Secretary Badenoch reaffirmed that the UK does not believe in zero-sum games. Instead, they advocate for mutually beneficial partnerships and collaboration. By fostering trade and cooperation, they strive for global prosperity and the collective well-being of nations. #WinWin
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1/9: A few min ago at the Qatar Economic Forum, Peter Smith, CEO of @blockchain, shared some deep insights on the future of #cryptocurrencies during the panel discussion. #QatarEconomicForum
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2/9: Smith gave us a reality check on the volatile crypto market, saying, “Crypto is still a small market. In 2022 many companies failed. It was the crypto version of the financial crisis. But in crypto we don’t have the Fed.”
3/9: There's a silver lining though. “It is healthy for the system that the companies that are not strong enough, perish. Trust was lost, but trust was gained. We have seen a net client inflow.”
1/7: Just had the privilege of hearing from Mohd Rafizi, Minister of Economy, at the Qatar Economic Forum's panel on 'Strengthening Malaysia’s Economy'.
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2/7: The vision is clear. Rafizi says, "We want to lead a regional energy exchange in the region." It's about leveraging strengths and leading forward. #QEF2023#Malaysia
3/7: From making to creating – "We are scaling up from medium value manufacturing to high value." Malaysia is setting its sights high and ready to bring value to the world stage.
1/ A fascinating presentation by General David Petraeus unfolded today at the Qatar Economic Forum's panel: "Return of the Multipolar World." His observations were both profound and timely, shedding light on the shifting global landscape. #QatarEconomicForum
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2/ "Once upon a time, we bathed in the serene waters of benign globalization," the General remarked nostalgically. "Now, the seas have become tempestuous. We find ourselves navigating choppy waves of change." #Geopolitics
3/ Turning to the Eastern horizon, Petraeus noted the friction between China and the West as the most crucial issue of our era. But he dismissed the notion of 'decoupling' as impossible, reminding us of last year’s record-breaking US-China trade volumes. #ChinaWestRelations