Sharjah 24 – WAM: Etihad Credit Insurance (ECI) in partnership with the World Business Angels Investment Forum (WBAF), hosted the World Business Angel Investors Week (WBAW) on October 23, 2021 at the Dubai Exhibition Center at Expo 2020 Dubai.
As an affiliate partner of the G20 Global Partnership for Financial Inclusion, the WBAF coordinates Global Angel Investor Week, which was held globally from October 18-24, 2021 and attended by 72 countries.
This hybrid event provided an open platform for connecting, learning, sharing, exhibiting inventions and innovations, and exchanging know-how that foster entrepreneurship and angel investing ecosystems.
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, shared his perspective on how the UAE is supporting investors and entrepreneurs as a keynote speaker.
“Today, it is now indisputable that the United Arab Emirates are among the best countries to invest in, where SMEs represent 95% of the total business population. From the number of companies financed to the capital invested in startups, the Emirates United Arabs lead the startup This is the result of the partnership between the government and the private sectors to educate investors and entrepreneurs on the importance of startups, provide various platforms to connect them and form a network of angel investors and startups where passion can be turned into reality, ”said Al Zeyoudi.
Federal firm Etihad Credit Insurance CEO Massimo Falcioni represented the country in the WBAF as UAE High Commissioner at the Grand Assembly of the world’s largest angel investment forum and delivered a speech during the opening ceremony.
Speaking on diplomacy in action for entrepreneurs, Falcioni said: “The world, which is recovering from the impacts of a protracted pandemic in human history, demands a new trade diplomacy. The core of successful diplomatic actions and the integration of the principle of sustainability, mobility and opportunity into diplomacy is essential for the time and time to come.
“As the UAE’s federal export credit company, ECI has redefined diplomacy to encourage entrepreneurship by playing a pivotal role in achieving the goal adopted in the UAE’s National Agenda for development of non-oil exports. We are implementing our strategy to shape the economy of the UAE by following the vision of the country’s wise leadership for the next 50 years. “
The event brought together ministries, dignitaries, C-level executives and in-person investors from Expo 2020 Dubai. He also presented the entire WBAF community hailing from over 127 countries, including 685 representatives, 16 high commissioners, 4 senior senators, 266 senators, 357 international partners and 44 faculty members.
The inclusion of the UAE in the WBAF has offered a wide range of opportunities for UAE businesses, paving the way for exceptional economic growth.
“Business Diplomacy for International Entrepreneurship” was the theme of this year’s event, where expert speakers and panelists from various fields inspired current and future world leaders to take risks on new ideas, to collaborate across sectors and transform global economies through the scale-up of entrepreneurship, angel investment, financial inclusion and innovation.
Global Angel Investor Week in the United Arab Emirates has proven to be a great platform to campaign for solutions to critical issues of early stage equity, capital markets and other global concerns at the United Nations. , in the European Union and in the G20 countries and regional and local economies. .