IMO News
Service
The 14th
World Islamic Economic Forum (WIEF) will he held in the State of Qatar in
October this year. A MoU was signed between Qatar
The MoU
signing was attended by Nasser Mohammed Al-Mohannadi, Director of the Financial
and Administrative Affairs Department at the Ministry of Commerce and Industry
and Syed Abu Bakr Al-Mahdar, Managing Director of the World Islamic Economic
Forum Foundation, Qatar News Agency (QNA) reported.
The WIFE
was established in 2005 in Malaysia ’s
capital Kuala Lumpur
The 14th
session of World Islamic Economic Forum will be bringing together heads of
government, managers of global companies, businessmen, specialists, regional
experts, academics and researchers for discussing opportunities to build new
business partnerships between Muslim and non-Muslim societies around the world.
The WIFE is also constantly endeavoring for reaching a consensus on practical
and innovative methods in order to meet the social and economic needs affecting
Islamic and non-Islamic societies.
The intra-trade
between Islamic countries has expanded significantly in the past years. The
volume of the Islamic economic market is expected to exceed USD 3 trillion in
2023. The economies of Islamic countries offer tremendous growth opportunities because
of their huge size and increasing purchasing power.
The 14th session
of the WIEF will be held amid a sensitive and delicate global scene confronted
with a host of major challenges, such as growing disputes over international
trade policies, the tightening of global financial policies, economic risks and
decision-making, and destabilizing technology for markets.