The two-day event will be held at Oman Sheraton Hotel. The International Research Foundation (IRF) in association with The Frazer Institute, Canada, will organize the conference. This conference is considered as one of the most important economic events in the Gulf region this year. It follows the good ranking of the Gulf countries in economic freedom compared with other developing countries.
Mr Salah Ghazali, of OCIPED believes that
“the choice of Oman to host this international conference by the organizers is partly recognition of our achievements in economic freedom”.
The International Research Foundation (IRF), Sultanate of Oman has been established in 2005 as a non-governmental, independent non-profit based in Oman to conduct research on domestic and international economic issues effecting Oman and the Arab World. The IRF would set its research and public affairs agenda on a collegial basis relying on the input of its researcher staff, its editorial board and its Senior Fellows. It would maintain a working arrangement with Governmental and non-Governmental organizations in the region and other parts of the world. IRF is the regional member of the Fraser Institute’s Economic Freedom network. The vision of IRF is to Create wealth and jobs through promotion of economic freedom. Its Mission is to measure, research, and communicate to a global audience the impact of competitive markets and government interventions on the welfare of individuals.
The Economic Freedom Network Conference during the two days will engage in analyzing various economic related issues, including Overview of The Economic Freedom of the World Report: 2005, National and regional challenges, Economic freedom and legal system, property rights, Economic Freedom and Taxation and Economic Freedom of the Arab World. Eminent economists from various countries are presenting papers in the conference. Indeed experts and economists from over 20 countries are attending this Conference. The presentation and discussion will also include some interesting challenges concerning the development of the Index. Other topics that will be deliberated include effect of Economic freedom on the Government Legal Structural Changes, Towards Understanding of the Wealth Generating System, Taxation in the Gulf. . In addition there will be a presentation on a flat tax rate, which is considered by some commentators as freedom-friendly.
As part of this conference the first Arab Economic Freedom Awards Ceremonial banquet is to be held at Al Bustan Palace hotel on 20th November. At the banquet Arab World Economic Freedom Awards will be presented based on the Fraser Institute Economic Freedom Index. The awards will include 6 categories to honor the achievements of 16 Arab countries in encouraging wealth creation through the formation of policies that go along with Economic Freedom principles. These categories are Lean Government Award 2005, Rule of Law Award 2005, Sound Money Award 2005, Free Trade Award 2005, Ease of Business Award 2005 and the Overall Arab Economic Freedom Award 2005. The delegates, diplomats, government officials and private sector from across the Arab countries and the world will attend the event.
The event is supported by Bank Muscat, National Bank of Oman, Oman Tel, Oman Arab Bank, The Omani Centre for Investment promotion & Export Development.
Officials from the Omani Center for Investment Promotion & Export Development (OCIPED), Ernst & Young, Apex Press & Publishing, and Trowers & Hamlins form the organizing committee for this event.
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