Beijing to host New Economy Forum in November

Updated 21 May 2019

Beijing to host New Economy Forum in November

Bloomberg and the China Center for International Economic Exchanges has announced that the 2019 New Economy Forum will be held in Beijing from Nov. 20 to 22 on the shores of Yanqi Lake, looking out at the Great Wall. Nearly 500 of the world’s most influential business executives, technology innovators, government officials, experts and academics from over 60 countries and regions will gather in Beijing to propose solutions to the massive disruption that is occurring, as the balance of global economic power shifts toward the Asia Pacific. 

These include Michael R. Bloomberg, Dr. Henry A. Kissinger, Bill Gates, Zeng Peiyan, Condoleezza Rice, Strive Masiyiwa, Jack Ma, Lawrence H. Summers and Lubna Al-Olayan from Saudi Arabia

Launched in 2018 by Bloomberg, the New Economy Forum is committed to promoting the smooth transition from the old economy — one based on labor-intensive manufacturing and trade in goods — to a new one focused on industrial automation, digital services and exchanges of data. 

“We are experiencing a period of profound change in the world, where new economic centers are emerging, new trading alliances are being formed and new technologies are upending industries,” said Bloomberg. “The New Economy Forum will address these seismic shifts through high-level and frank dialogue, while also fostering private-public collaboration. China is an integral part of these discussions, and the New Economy Forum will bring leaders there from around the world to tackle common challenges and advance our shared interests”


Tire business poised for growth in Saudi Arabia despite COVID-19

Updated 23 September 2020

Tire business poised for growth in Saudi Arabia despite COVID-19

Despite the still raging COVID-19 pandemic, the tire business is poised to come back stronger than before as people become even more reliant on their vehicles to get to their destination while ensuring minimum exposure risk level. This was one of the highlights of the first virtual meetup hosted by Bridgestone Middle East, which expressed optimism about future market prospects in Saudi Arabia post-pandemic with the gradual easing of restrictions and people continuing to observe social distancing as they move around.

During the meeting, Stefano Sanchini, regional managing director for Bridgestone Middle East, and Berna Akinci, head of marketing for Bridgestone Middle East, discussed the economic repercussions of the pandemic on the automotive sector and the tires industry, following the temporary closures of businesses, impacting jobs as well as people staying more at home to avoid getting infected by the virus.

While economic impact has hit the pockets of vehicle owners in the Middle East, Sachini and Akinci emphasized that road safety must not be compromised to save on money when it comes to replacing tires and should be considered as a necessity.

They also took the opportunity to update the participants on the latest trends in the regional market, which has been rapidly catching up with the digitization of almost all sectors, including the emergence of new mobility ecosystems.

During the talk, speakers identified safety as a priority when buying tires. Buyers should consider purchasing only quality tires as it affects the braking distance, the handling, and grip while driving.

The drop in the demand for tires during the height of the lockdown affected sales, however, the trend is moving upwards again as restrictions have eased in some parts of the region. In this regard, Bridgestone has been looking on ways to enrich its brand offerings to add value to customers.

The company further emphasized the importance of going digital for the industry to reach out and meet the needs of its customers, especially in the Middle East, where there is a high rate of usage of digital devices. 

The value of data management as the new fuel for mobility has also been talked about during the meetup.