Newspapers: HH the Amir's Speech at Qatar Economic Forum 2022 Sends Important Messages

Doha, June 22 (QNA) - In their editorials Wednesday, Qatari newspapers said that HH the Amir Sheikh Tamim bin Hamad Al-Thani's speech before Qatar Economic Forum, powered by Bloomberg, addressed the crises the world is currently going through and presented effective solutions to them. The newspapers hailed His Highness' comprehensive and integrated speech which included a vision that reflects reality and looks to the future. In its editorial, Al-Arab newspaper affirmed that HH's speech carried many important contents and messages that constitute constants in the State's strategy for the local and global situations and reflect the Qatari diplomacy at the external level. The paper said that with the FIFA World Cup Qatar 2022 approaching, it was natural for this exceptional event in the history of the Arab region and the Middle East to occupy an important part in HH's speech, as he said that Qatar and the entire region are heading for a significant historical event of hosting the FIFA World Cup 2022, and expressed confidence that the wide participation of the countries of the world in this event will constitute a springboard for strengthening the bridges of communication and dialogue between different peoples. The paper pointed out that HH the Amir also addressed important axes aimed at laying the foundations for a stable life for all peoples, as His Highness indicated that the Covid-19 pandemic has revealed the extent of the gap between the rich and poor nations, and contributed to its expansion, and that supporting the economy, investment and innovation in parallel with consolidating shared human values is the way to build the necessary capacities in order to transcend global crises. HH also said that there are issues that have no economic solution, these include the war and its devastating consequences on Ukraine, the paper added. In his speech, HH underlined that Qatar’s gross domestic product (GDP) growth outlook in 2022 is forecasted to be 4.9%, adding "We are aware that the rise in energy prices is short-lived and can’t be maintained forever. We had passed through long periods of low energy prices, and the only compensation we got against this decline came from the rational policies and savings during the periods of high prices, for the purpose of investment and diversification of sources of income," the paper said. In conclusion, Al-Arab said that His Highness's speech presented a comprehensive vision, as this year's edition of the forum sheds light on a number of global topics and issues, including the achievement of equality in the long-term global economic recovery equation, the future of global markets, prospects of globalization, ways to support global supply chains, transformations in the energy sector and the green economy, mechanisms to reduce carbon emissions and economic strategies adopted to diversify sources of income, thus contributing to reducing climate change, eliminating poverty, reducing inflation and protecting the environment. In turn, Al-Raya newspaper said in its editorial that HH the Amir Sheikh Tamim bin Hamad Al-Thani's speech before the Qatar Economic Forum 2022, Powered by Bloomberg, addressed the political, economic, and other crises that the world is currently experiencing, and provided them with effective solutions. The paper explained that His Highness, who patronized the opening of Qatar Economic Forum 2022, which held under the slogan "Equalizing Global Recovery", presented solutions for what the world is currently suffering from, and stressed that success in overcoming these challenges depends on the ability of all countries to adhere to a set of principles, foremost among which is the consolidation of justice, equality and solidarity and rejection of double standards. Al-Raya indicated that His Highness highlighted the most important issues that the world is currently suffering from, especially after going from one crisis to another, which may lead to the emergence of a major global economic recession, pointing out that the Qatar Economic Forum aims to mainly enrich the dialogue on strategic issues that are at the forefront of the global economy's priorities, and unify efforts towards coming up with a consensual formula to reach the stage of recovery. His Highness also affirmed that there are issues that have no economic solution, these include the war and its devastating consequences on Ukraine and many other countries and peoples, stressing that the solution, in this case, can only be politically oriented by activating mediation, direct dialogue, and diplomatic solutions, because ignoring political solutions will lead to the immediate humanitarian effects along with other local crises such as in Ethiopia, Yemen, and Syria, as these countries are at serious risk of starvation, the paper said. The paper underlined that His Highness' speech before the Forum revealed the strengths of the Qatari economy and Qatar's optimal way to deal with the COVID-19 crisis, as Qatar's gross domestic product (GDP) growth outlook in 2022 is forecasted to be 4.9%, due to the rise in energy prices and the positive impact of the policies and procedures adopted by the State with the aim of supporting the economic sectors, enhancing the private sector's production capacity, and adapting to regional and global variables. At the conclusion of its editorial, Al-Raya affirmed that the State of Qatar has followed rational policies and savings in the stages of price hikes for investment and diversification of sources of income, and has also introduced some legislative amendments to facilitate commercial transactions, enhance competition, protect consumers, encourage the industrial and technological sector, support the competitiveness of national products and increase foreign direct investment. For its part, Al-Sharq newspaper said that the speech delivered by HH the Amir Sheikh Tamim bin Hamad Al-Thani during the opening of the Qatar Economic Forum 2022, Powered by Bloomberg, embodies an integrated vision to achieve the aspired economic security and global stability, which cannot be achieved in the absence of its objective and favorable conditions in terms of integration and cooperation in the face of challenges. In a speech delivered by its Editor-in-Chief, Al-Sharq said that HH the Amir indicated that the slowdown of growth in the global economy could be a prelude to an inflationary recession the world has never seen like it since the period between 1976 and 1979 according to the world bank reports, when sharp rises in the interest rates to combat inflation led to the economic recession of the early 1980s, and pointed out that there are issues that have no economic solution, including the war and its devastating consequences on Ukraine and many other countries and peoples, as His Highness believes that these issues can only be resolved by a political solution. HH the Amir affirmed that the globe's success in overcoming these challenges remains dependent on the ability of all countries to adhere to a set of principles, foremost among which is the consolidation of justice, equality and solidarity and rejection of double standards, the paper noted, adding that His Highness also stressed that, given the circumstances of war, the food crisis should neither be left to the law of supply and demand nor should the issue of extreme poverty be left to the poor countries to face alone. The paper added that the speech of HH the Amir was comprehensive and integrated, with a vision that interrogates reality and looks forward to the future, as well as a vision that presents the world with potential possibilities in light of the search for achieving equality in the global economic recovery, as required in the forum of rational and responsible proposition to enrich the dialogue on strategic issues that are at the forefront of the global economy's priorities, especially after the positive health indicators rose due to the lifting of restrictions, the recovery of trade movement, the rise in the public spending and the increase in global demand at all levels. The required and expected enriched proposal in this strategic forum requires a scientific and realistic view, which is what His Highness the Amir presented to world through his comprehensive speech, in which His Highness explained that the confusion that has impacted the supply chains is still among major factors that drive up prices, in addition to the devastating effects of the ongoing war in the European continent on Ukrainian territory, and added that the pandemic has revealed the extent of the gap between the rich and poor nations, and contributed to its expansion, especially during the faltering efforts to achieve development and reduce poverty. The paper concluded its editorial by stressing that the State of Qatar's success in organizing this forum and the significant level of global and media presence confirm Qatar's pioneering role in leading the world towards a promising future, adding that the participants unanimously agreed on the importance of this forum as a platform through which the world's decision-makers discuss global issues, calling for taking into account its fruitful results and discussions - at the forefront of which is the important speech of HH the Amir, to help formulate a new system for a safer world economically, politically and socially. Al-Watan newspaper said that the speech of HH the Amir Sheikh Tamim bin Hamad Al-Thani at the opening of the Qatar Economic Forum 2022, Powered by Bloomberg, expressed the concerns of the entire world in light of the two crises that affected everyone, and left many negative consequences that require solutions to avoid the risk of stagflation, which HH the Amir warned about. In an editorial by its editor-in-chief, Al-Watan pointed out that HH the Amir explained that the world witnessed a inflationary recession in the period between 1976 and 1979, when sharp rises in the interest rates to combat inflation led to the economic recession of the early 1980s. The newspaper affirmed that His Highness' speech was full of important points and accurate approaches in order to overcome this difficult stage in human history. His Highness explained, "positive health indicators have risen after lifting restrictions, recovery of trade flow, increase in public spending and rise in global demand at all levels. However, the confusion that has impacted the supply chains is still among major factors that drive up prices, in addition to the devastating effects of the ongoing war in the European continent on Ukrainian territory," the newspaper said. Al-Watan praised His Highness' call for the international community to adopt an approach that could translate words and goodwill into practical steps that could achieve equality in economic recovery among countries and salvage the Sustainable Development Goals in a way that could support the poor peoples and those suffering from turmoil and wars, adding that HH the Amir pointed out that among the impacts of the Ukrainian crisis are the rise in energy and grain prices and the effects of that on the global economy. The newspaper underlined that the local issue was central in the speech, as HH the Amir indicated that the expectations regarding the 2022 growth outlook of Qatar's GDP is forecasted to be 4.9%, noting that this is due to the rise in energy prices and the positive impact of the policies and procedures adopted by the State with the aim of supporting the economic sectors, enhancing the private sector’s production capacity, and adapting to regional and global variables. Al-Watan concluded its editorial by saying that the World Cup Qatar 2022 was also present in the speech, as His Highness said "Qatar and the entire region are heading for a significant historical event of hosting the 2022 FIFA World Cup for the first time in our region. We are confident that the wide participation of the countries of the world in this event will not only open the prospects for strengthening international economic partnerships but will also constitute a springboard for strengthening the bridges of communication and dialogue between different peoples." For its part, The Peninsula newspaper highlighted in its editorial on Wednesday HH the Amir Sheikh Tamim bin Hamad Al-Thani's speech during the opening of Qatar Economic Forum 2022, Powered by Bloomberg. The paper referred to HH the Amir's call to redouble the international efforts to take enough precautionary measures to alleviate the pangs of a projected, imminent recession threatening the global growth in the aftermath of the purging COVID-19 pandemic and the ongoing war in Ukraine. The newspaper noted that throughout the speech, HH the Amir has been calling for making the less privileged countries and poor people a priority while striving to overcome the economic hardships that experts in the financial sector has been forecasting. HH the Amir said: "Supporting the economy, investment and innovation in parallel with consolidating shared human values and peacekeeping is the way to build the necessary capacities in order to transcend crises and overcome challenges facing humanity as a whole such as the threat of epidemics and climate change which one of the most serious challenges that we face in our time", the paper indicated. The Peninsula said that the State of Qatar extended support to about 100 countries in the form of financial aid, in-kind help, and essential medical supplies. Qatar Airways never stopped flying during the pandemic, instead it has been busy transporting medical supplies, stranded people and COVID-19 vaccines, the paper added. HH the Amir also touched on the most crucial issue of sustainable and balanced development by saying: "Qatar assumes its responsibility as an active partner in the inter-national community to confront climate change in its various economic, environmental and social dimensions", the paper continued. The Peninsula concluded its editorial by affirming that Qatar is emerging a pioneering force by implementing practical strategies to reduce carbon emissions to new zero, promoting a circular economy approach and developing greener energy technologies. (QNA)