Kanoo: Arab economies must innovate to face global challenges

TDT | Manama

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Vice Treasurer and Head of the Steering Committee of the Bahrain Chamber, Waleed Kanoo, has called on Arab economies to enhance their adaptability and resilience to meet the demands of a rapidly evolving global landscape. He stressed that transitioning from traditional economic models to more diverse and innovation-driven frameworks is no longer optional, but an urgent necessity.

Speaking on behalf of Bahrain Chamber Chairman Sameer Nass during the second day of the 51st Arab Labor Conference, Kanoo referenced the outcomes of the 33rd Ordinary Session of the Arab League Summit held in Bahrain. He highlighted the summit’s emphasis on joint Arab action to safeguard regional security and promote deeper cooperation and integration across sectors.

In alignment with this vision, Kanoo reaffirmed the Bahrain Chamber’s commitment to strengthening ties among Arab private sectors and fostering robust regional economic partnerships. He underlined the pivotal role of public-private collaboration in overcoming shared economic challenges and achieving sustainable growth.

Kanoo also extended his congratulations to the Arab Labor Organization on its 60th anniversary, praising its efforts in promoting social justice, sustainable development, and balanced labor relations. He described the conference as a timely platform to boost coordination across the region and unify efforts to address critical economic issues—particularly those related to sustainable development and job creation.