Sustaining an emerging vision was the theme of the Arab British Chamber’s third economic summit last November. The event showcased the opportunities for doing business in key cutting-edge sectors and for strengthening the partnership between the UK and Arab private sectors.
Speakers included LCCI chair Julia Onslow-Cole, a partner at Fragomen. It was in this capacity that she addressed over 300 delegates in a session on entrepreneurs of the future. Onslow-Cole pointed out the ‘fearlessness’ that was a common feature in successful entrepreneurs – something that the big three of Bill Gates, Jeff Bezos and Steve Jobs have in abundance. Among the factors necessary for countries to foster entrepreneurship, she particularly mentioned intellectual property rights that were fit for purpose, and business and investor support for innovation and upskilling.
LCCI interim chief executive Karim Fatehi MBE chaired a panel on COP 28 and sustainable development and spoke of the Chamber’s commitment to tackling climate change and supporting the sustainable development of businesses and communities in London, the UK and partners around the world. He briefed delegates on LCCI’s Environment, Sustainability & Green Growth committee, formed over two years ago, which helps large and small businesses in their journey to net zero, particularly in the areas of green finance, supply chain and the built environment. In practical terms this includes an annual beach clean on the Thames, east of Blackfriars Bridge.
Tom Wintle, the British government’s chief negotiator in the ongoing UK-Gulf Cooperation Council free trade agreement, gave an update on talks which should lead to significant growth in trade. Started a year ago, they have now concluded the fifth round but no end date has been set. “Its about the deal, not the date”, he said.