Businessmen and women forum discusses the challenges of artificial intelligence in the eco

Cairo - Nadra El Mahdi

In a rare gathering, a select group of Arab, Egyptian, and Sudanese business leaders convened at the Ebdaa Villa in Dokki to discuss the challenges of artificial intelligence in the economy and business management.

Professor Ashraf Haddad, Director of the Arab World News Foundation, stated that the Businessmen and Women Forum aimed to:

Build strong economic partnerships and encourage economic projects, and discuss the challenges of artificial intelligence in the economy, the transformative economy, and small businesses through the Arab World News Foundation.

Dr. Abeer, a professor at the Faculty of Commerce, Cairo University, mentioned that women have participated in entrepreneurship in small and medium-sized enterprises (SMEs), and that these projects aim to eliminate unemployment. She added that the failure to implement projects of all types is due to a lack of adequate training. She emphasized that artificial intelligence technologies are a supportive tool, and it is essential to understand how to use AI in small businesses, noting several challenges related to financing and legislation.

Dr. Hossam Moharram, a former environmental advisor, stated that the intended meaning of industry is manufacturing, and that its benefits bolster the economy and meet a portion of the country's needs, achieving high added value. He noted that Egypt possesses sugarcane, marble, and local resources of raw materials, even locally produced goods, and that exporting them as raw materials eliminates added value. Exporting them as finished products ensures their sustainability and the independence of industries. He emphasized that the priority of industry for any country is achieving food security, highlighting the necessity of manufacturing local medicines and the importance of a military industry, such as weapons and ammunition. He pointed out that Egypt currently produces and exports weapons, and that human capital is essential, specifically skilled craftsmen and the establishment of vocational schools. He mentioned that Thailand is renowned for its reverse engineering. He also stressed the need to finance seawater desalination. Meanwhile, Saudi media figure Jamal Mazloum discussed the drawbacks of artificial intelligence, arguing that it hinders development in media and weakens human relationships. It is worth noting that the forum was attended by a distinguished group of Arab, Egyptian, and Sudanese businessmen, Egyptian, Sudanese, and other Arab media figures, human development leaders, and many other experts and nationalities. The forum concluded with commemorative photos and best wishes to all.