Finance leaders from across the Arab world gathered in Kuwait to address pressing economic challenges. The meeting, under the patronage of His Highness the Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, emphasized strengthening regional financial integration. Acting Prime Minister Sheikh Fahad Yousef Saud Al-Sabah delivered the opening remarks, welcoming delegates to Kuwait, their “second home.”
The event, focusing on “advancing Arab economic collaboration,” highlighted the urgent need for unity in addressing modern challenges. Sheikh Fahad emphasized that evolving complexities require Arab financial institutions to integrate better and keep pace with global developments. He particularly noted the transformative role of Artificial Intelligence (AI) in driving global economic growth, urging Arab economies to embrace AI for sustainable progress.
Minister of Finance Noura Al-Fassam reinforced the call for a shared vision to navigate the volatile global economic landscape. She stressed that regional collaboration is crucial to diversifying economies, reducing vulnerabilities, and strengthening local markets. Al-Fassam also emphasized the need for financial institutions to play a stronger role in supporting these goals.
Omani Finance Minister Sultan Al-Habsi addressed the economic pressures from US tariffs, urging policies that encourage private sector investment and structural reforms. He highlighted transparency, anti-corruption measures, and economic openness as critical steps for achieving sustainable development.
The meeting brought together key figures, including finance ministers, central bank governors, and leaders of Arab financial institutions. Delegates discussed strategies for integrating advanced technologies and fostering a conducive environment for economic growth.
This summit was an important platform for uniting efforts and advancing Arab economic collaboration. The discussions underscored the region’s determination to overcome challenges and leverage opportunities for collective prosperity.
