Abu-Ghazaleh: I dedicated the next chapter of my life to
raising awareness of the importance of digital transformation

AMMAN
- The Journal of Management, Financial and Banking Studies, has hosted HE Dr.
Talal Abu-Ghazaleh, founder and chairman of Talal Abu-Ghazaleh Global
(TAG.Global) for an interview in its recently published 117 edition.

During
the meeting, several topics were thoroughly discussed such as Artificial
Intelligence (AI) and concerns about its impact on employment, as well as its
future at the global and Arab region levels. That is in addition to the
economic crisis the world is currently experiencing, among others.

At
the beginning of the interview, Dr. Abu-Ghazaleh talked about his life journey
as a Palestinian refugee in Lebanon and how he started in Kuwait as an employee who, through determination and dedication, subsequently
succeeded in establishing such a prominent Organization that presently operates
 through more than 100 offices all over the world.

He further pointed out that he has dedicated to dedicate the
next chapter of his life to raising awareness on the importance of digital
transformation. He said that TAG.Global plays an effective role in implementing
the digital transformation project in the Arab world, starting from the Arab
countries where  technology is most needed like Lebanon, Syria, and Libya.

Dr. Abu-Ghazaleh emphasized that the Arab countries still
have the ability and the potential to embrace technology and get going,
pointing out that the first world's renaissance was led by the Arab world, and
despite what is happening now, it still is qualified and capable of leading the
world again.

On the growing concerns about the impact of AI on various
fields of employment, Dr. Abu-Ghazaleh stated that although studies indicate
that 85 million jobs will be replaced by machines by 2025, the same studies
concluded that 97 million new jobs will be created in the same timeframe due to
AI in the future.

He further gave several guidelines to developing countries to
catch up with the train of economic development, starting with the importance
of developing educational, technical, and professional training programs,
moving towards becoming productive countries, pursuing a national plan to adopt
advanced technologies and industries, in addition to becoming self-sufficient
countries particularly with respect to food.

Concerning the
economic crisis, numerous countries are currently experiencing, which Dr.
Abu-Ghazaleh had previously predicted that it may lead to a third World War, he
called on the Arab countries to implement the international agreements with the
World Trade Organization (WTO) to ensure an attractive
environment for investment, with the need to secure self-sufficiency and
security.