Shaikha Al Bahar participates in Al-Rouad panel in Dubai

The leaders are scheduled to discuss, among other issues, the future growth of the Middle East economy with a focus on how to deal with inflation and a surge in prices of primary commodities, including oil.

"The topic of double-digit inflation will be on high priority at the Al-Rouad debate. Speakers are expected to highlight the appropriate monetary and exchange rate policies that will be implemented to maintain regional prosperity. They will also address the possibility of opening new economic sectors in the Arab world for foreign investment beyond oil-related activities to strengthen the regional economy and enhance private sector participation. In addition, the strong speaker lineup will share key insights into the overhauling of the regional educational system to meet the needs of the changing and increasingly globalized economy, with the purpose of ensuring regional employment for the next generation",

Al Bahar said: "Beside Shaikha Al Bahar, the Al-Rouad members are HE Mohammed Hassan Omran, the Chairman of Etisalat; Fadi Ghandour, the founder and the CEO of Aramex International; Sameer Al-Ansari, the Executive Chairman and CEO of Dubai International Capital LLC, and Mohamed Al-Jasser, the vice governor of the Saudi Arabian Monetary Authority. In addition, Nadine Hany, an anchor for Al-Arabiya News Channel, will be moderating the discussion.

"The GCC countries should work together for a greater integration of their economies", added Al Bahar, "As we've seen, the recession of the US dollar has reflected negatively on GCC currencies linked to it; therefore I believe that GCC countries should depeg their currencies from the dollar to curb inflation, as we did in Kuwait. The introduction of a unified GCC currency could also be a positive resolution towards the betterment of the economic situation. We should work together to create a better future for new generations - this is our responsibility".

A recent poll conducted by Leaders Presents revealed that the soaring inflation rates in the Gulf region are starting to cause concern among regional leaders.

Asked about how they would rate their company's profit's negative exposure to inflation, 55% said that they rate their companies' exposure to inflation as medium, while 21% rated this exposure as high.

Despite the overall concern, the survey, which reflects the opinions of nearly 300 regional business leaders and key decision makers from across the region, also revealed that 76% of those surveyed intend to increase their workforce in the GCC within the next 12 months.

Nine of the world's powerful political and economic business leaders have confirmed their participation at Leaders in Dubai Business Forum, to be held at the Dubai International Exhibition and Convention Center from November 16-18.

Confirmed speakers include James Wolfensohn, Mohamed ElBaradei, Tom Peters, Sir Winfried Bischoff, Sir Ranulph Fiennes, Dave Ulrich, Geoffrey West, Thomas Frey and David Taylor.