Mr. Ahmed Aboul Gheit, Secretary-General of the League of Arab
States, participated on 29 April in the opening of the annual conference
of the Arab Capital Markets Union, hosted by the Qatar Stock Exchange
under the patronage of His Excellency Sheikh Mohammed bin Abdulrahman
bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of
the State of Qatar.
Gamal Roshdy, the spokesperson for the Secretary-General, stated
that Mr. Aboul Gheit delivered a speech praising the State of Qatar's
efforts in hosting the conference. He noted Qatar's hosting of the third
session of the Arab Cooperation Forum with the countries of Central
Asia and the Republic of Azerbaijan, reflecting its commitment to
enhancing Arab cooperation with regional and international entities
under the League of Arab States framework.
Mr. Aboul Gheit commended the conference's focus on crucial themes
such as the sustainability of financial activities, Islamic finance,
financial technology, digital assets, and the latest trends in
artificial intelligence. Roshdy said that the Secretary-General
highlighted the significance of artificial intelligence in shaping the
future of humanity. He urged for a nuanced approach to this technology,
emphasising the need for confidence, openness, and the establishment of
controls to regulate its uses effectively.
In the same vein, Mr. Aboul Gheit addressed the policy needed to
empower Arab financial institutions to embrace artificial intelligence
localisation and its implementation requirements. He stressed that this
policy encompasses various solutions and strategies, necessitating
involvement from national, regional, and international bodies for
preparation and execution.
The Secretary-General advocated for initiating an Arab dialogue
involving financial institutions, experts, and partners to identify Arab
priorities. This dialogue would aid in crafting a regional vision aimed
at enhancing capabilities, modernising legislation, and directing
investments to optimise Arab financial markets' utilisation of
artificial intelligence benefits while mitigating associated risks.
Furthermore, he urged all financial institutions, Arab federations,
and executive bodies in Arab nations to prioritisl lole this issue and
include it in the agenda for financial cooperation in the forthcoming
period.
