Aboul Gheit calls on Arab financial markets to pay attention to artificial intelligence and develop policies to localize it
The Secretary-General of the League of Arab States, Ahmed Aboul Gheit, called on Arab financial markets to pay attention to the issue of artificial intelligence and to develop Arab policies to localize it and benefit from it.
This came during a participation The Secretary-General of the Arab League today, Monday, at the opening of the annual conference of the Arab Capital Markets Union, hosted by the Qatar Stock Exchange under the patronage of Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar.
Jamal Rushdi stated The official spokesman for the Secretary-General said that Aboul Gheit delivered a speech in which he praised the efforts of the State of Qatar to host this conference, recalling that Qatar is also hosting the third session of the Arab Cooperation Forum with the countries of Central Asia and the Republic of Azerbaijan, which reflects its keenness to strengthen Arab cooperation with regional and international groupings in The framework of the League of Arab States.
Aboul Gheit praised the conference’s discussions, which address important topics, including the sustainability of financial activities, Islamic finance, financial technology and digital assets, in addition to the latest trends in the world of intelligence.
In his speech, the Secretary-General addressed the issue of artificial intelligence in particular because of its importance in shaping the future of humanity, calling for looking at this technology from a different perspective, as it must be dealt with with confidence and openness. While emphasizing the importance of codifying its uses by establishing controls governing it.
Aboul Gheit spoke in the same context about the policy that must be adopted to enable Arab financial institutions to localize artificial intelligence and implement the requirements This, indicating that it certainly includes a number of solutions and strategies whose preparation and implementation requires the intervention of national as well as regional and international bodies.
The Secretary-General called for launching an Arab discussion that includes financial institutions, experts and partners. To determine Arab priorities, which would help in developing a regional vision that contributes to building capabilities, updating legislation, and implementing investments that lead to maximizing Arab financial markets’ benefit from the advantages of artificial intelligence and also avoiding its risks.
He also called on all financial institutions, Arab unions, and executive bodies in Arab countries to pay attention to this issue and make it a list of financial cooperation priorities in the coming period.
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