India, robotics and space on the agenda at Dubai World Government Summit

Updated 11 February 2018

India, robotics and space on the agenda at Dubai World Government Summit

DUBAI: Relations between India and the Arabian Gulf will figure prominently when 4,000 leaders from the worlds of business, politics and Hollywood celebrity descend on Dubai on Sunday for the formal opening of the 2018 World Government Summit.
Prime Minister Narendra Modi of India, which has been named guest country this year, will deliver the inaugural address on day one of the three day event, in a line up that also features the themes of artificial intelligence, robotics and space travel, which are among the UAE’s man policy priorities.
Mohamed Al-Gergawi, the UAE’s minister for cabinet affairs and the future, who will open the event alongside Klaus Schwab of the World Economic Forum, said the summit — now in its sixth year — “has become a permanent knowledge event available to all governments and their activities throughout the year. Through the summit, we seek to create new models for economic co-operation.”
More than 120 sessions will focus on the theme of the 2018 summit, “Shaping future governments.”
A special section of the event, entitled “From India to the world,” will discuss the country’s development in technology, innovation and services, highlighting India’s advances in health care and education.
Leaders of Indian business and public policy will address the question “Will India lead the global economy of the future?”
The UAE has the largest number of Indian immigrants and guest workers in the world.
In addition to the high-level policymakers at the event, Hollywood stars Robert De Niro and Forrest Whittaker will also lead panels on climate change and gender issues.
Some of the attendees gathered yesterday (Sat) for a series of informal sessions on the theme of “Happiness”, which the UAE has identified as the main aim of its public policy.
Christine Lagarde, managing director of the International Monetary Fund, will speak on the subject of “using the global recovery to create a fairer world,” but is also likely to discuss the recent turbulence in global financial markets. She warned in January — before the share price falls of last week — that there were still threats to the stability of the world financial system.
Adena Friedman, president and chief executive of the New York based Nasdaq stock exchange, will offer her opinions on “how to tame a volatile market.”
From Saudi Arabia, Bandar Hajjjar, president of the Islamic Development Bank, will participate in a discussion with other leading figures from the world of developmental finance on the theme “catalizing regional development.”
Sultan bin Suleyam, chairman of global ports business DP World, will be questioned on the issue of “smart trade, transport and logistics solutions.”
Four global awards have also been organized to coincide with the summit. The winners of the GovTech Prize, Best Minister Award, Edge of Government Innovation Award and Global Universities Challenge Award will all be announced at the event.


Getting more women into leadership positions top priority: CEO

This June 23, 2018 photo, shows a general view of Riyadh, Saudi Arabia. (AP)
Updated 18 January 2020

Getting more women into leadership positions top priority: CEO

  • Saudi Arabia is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic

RIYADH: The boss of one of Saudi Arabia’s biggest banks says that getting more women into leadership positions is a top priority.
Samba CEO Rania Nashar chairs the action council for Women in Business created by the Business Twenty (B20), which is the official G20 dialogue with the business community. It represents the global business community across all G20 member states and all economic sectors.
She said the council was set up to boost women’s particpation not only in business but also in global leadership positions.
During the launch of the B20 in Saudi Arabia this week, Nashar highlighted the under-representation of women in the economy.
“There is a gap of 27 percent between male and female workers; 75 percent of males are part of the labor force while only 48 percent of females are working,” she said.
She said it was important not to just talk about women as workers but as business owners.

FASTFACT

Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020.

“That’s why entrepreneurship is very fundamental to our task force,” she said.  “The majority of the finance development programs have incentives for giving loans to females; however, despite the fact that many large borrowers are females, the amount of loans granted to them is far below what is granted to males,” she added.
Nashar said that two-thirds of female business founders feel that they were not taken seriously by investors when they pitch for investments. They also feel that they are treated differently from their male counterparts.
Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020. The Kingdom is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic.