MoE enhances partnerships to promote digital investments

Abdullah Bin Touq Al Marri, Minister of Economy (MoE), held a meeting with Eric Anziani, COO at Crypto.com, the leading cryptocurrency platform, during the first edition of Investopia Summit, which was held as part of the World Government Summit 2022 (WGS2022).

During the meeting, the minister emphasised that the financial services sector, along with modern financial technology and digital solutions, are priorities to promote growth in line with the UAE’s new economic model, and in line with the ‘Principles of the 50’ and the UAE Centennial 2071.

He further noted that the country, with the support of its wise leadership, has achieved major strides in developing a legislative and institutional environment capable of supporting financial technologies, specifically digital and cryptocurrencies, which in turn promotes its position as a competitive regional and international destination that attracts companies and businesses operating in this sector.

Bin Touq further commended the valuable contribution of Crypto.com to enriching the Summit’s content and promoting its status as a platform to find new solutions for economic growth and future investments.

He further elaborated that the Ministry of Economy (MoE) is keen to expand its international partnerships with leading international companies in various new and future economic sectors. He also added that Investopia will continue its collaboration with Crypto.com to develop digital and financial investments, as well as support its significant role in promoting the growth of UAE’s business environment and financial markets in the next stage.

Meanwhile Dr Anwar Gargash, Diplomatic Adviser to UAE President, said that the UAE’s main approach is building bridges and advancing the agenda for stability and prosperity in this rapidly changing world.

Dr Gargash made this statement during a panel, entitled ‘Are We Ready for A New World Order’, organised as part of the World Government Summit 2022 (WGS2022).

“We need to turn the page in our history and reach out to friends and adversaries by rebuilding bridges for everyone,” he explained.

Dr Gargash went on to warn that it was time for the region to “prioritise its own politics” to address security concerns, climate change, food security, equality, and economic integration to become a “major player in a multi-polarity world”.

Frederick Kempe, President and CEO of the Atlantic Council, said, we are at an inflection point in history extremely significant in more than 100 years, as the world is on the verge of proceeding into two directions, adding that this could mean that countries will come together for the most prosperous, promising, modern era the world has ever faced by embracing scientific, technological, and diplomatic advances.

For his part, Dr. George Friedman, Founder and Chairman of Geopolitical Futures, agreed that we face a turning point in global affairs. “Recent events will irrevocably reshape the world order and have already started to shift geopolitical alliances around the world,” he said. “We have to be at peace with where we are and where we aspire to be.”

WAM