CAIRO – The Cairo-based Al-Jomhuria daily
newspaper’sCultural Salon has recently hosted
HE Dr. Talal Abu-Ghazaleh, founder and chairman of Talal Abu-Ghazaleh Global
(TAG.Global), to talk about his own perspective on the global events and the
impact of the current world economic crisis on the Arab countries. 

The session, held at Dar Al Tahrir for
Printing and Publishing in Cairo, was moderated by Mr. Abdel-Razek Tawfik,
editor-in-chief of the Al Jomhuria, in the presence of a group of senior
writers, editors and media professionals in Egypt.

Dr. Abu-Ghazaleh affirmed that Egypt is a
stable country under a conscious leadership, which enabled it to make
significant headway in economic reform; based on statistics and figures
reflected by the economic indicators, which, in his view, is very promising and
encouraging.

He called on all stakeholders in Egypt to
focus on innovation, saying, “The whole picture is very clear now. For the
first time, we live in a world without a global leadership; and indeed, it is
run in a different and unprecedented way, where all the international
organizations have become ineffective.”

Referring to the progress China is making
he expressed his belief that China –described as the “factory of the world”- is
expected to become the world’s largest economy next year, whereas, the US sees
China as the only major competitor for its economy.

Therefore he described the
Russian-Ukrainian war as the first war of its kind; an economic war that
targets China. However, he said that every day the war continues the whole
world would suffer; which necessitates initiating negotiations to come up with
a New World Order led by two major powers: the US and Britain on one side, and
Russia with China on the other.

“As negotiations continue, a single global
currency would be created, and the US will resolve the issue of global Internet
governance and will not allow others to interfere in it; being its sole owner
and founder,” Dr. Abu-Ghazaleh stated.

On the sideline of the session, a press
conference was organized during which Dr. Abu-Ghazaleh reviewed his views on
various issues including economic conflict and the available opportunities for
the Arabs, for Egypt,  the global economic crisis, and the global warming
issues. He said, “We are in a unique situation and the optimal action to take
is to observe the situation day by day due to lack of clarity.”

Regarding the possibility of creating an
economic integration among the Arab countries, Dr. Abu-Ghazaleh said: “This is
a dream that can be achieved through digital integration between public,
private and business sector institutions.” However, he added, that the political
differences among many Arab countries make any agreements difficult to
implement. 

He further touched on TAG.Global’s
manufacturing experience, pointing out that the Organization was successfully
able to enter the world of manufacturing, by establishing the first
technological devices’ factory of its kind, in partnership with Samsung.
Following that the Organization, then, established a factory in China for the
manufacturing of laptops, tablets and smartphones, after the success it
achieved, then, TAG.Global proudly established a factory in Egypt in
partnership with the Arab Organization for Industrialization.

Dr. Abu-Ghazaleh commended the cooperation
between TAG.Global and Egypt’s institutions in several areas, pointing out that
TAG.Global has established the first University College for Innovation (TAGUCI)
in Jordan that graduates students based on creating and introducing innovative
projects.

Dr. Abu-Ghazaleh concluded by referring to
cooperation between TAG.Global and Egypt's Education Development Fund to soon
 establish a similar college to TAGUCI at Misr University for Science and
Technology.