World Entrepreneurs and Investment Forum put women at the heart of economic transformation

 

That was the central message of the Manama Declaration, issued at the close of the World Entrepreneurs and Investment Forum (WEIF) held this week in Bahrain.

The declaration places women at the heart of economic transformation, underscoring that empowering them within business and innovation ecosystems is essential to achieving inclusive and sustainable growth.

It also calls for strengthening women’s presence across emerging sectors, including the green, blue and orange economies which respectively promote environmental responsibility, sustainable use of ocean resources and creativity.

Organized by the UN Industrial Development Organization’s (UNIDO) Investment and Technology Promotion Office in Bahrain, the forum convened leaders, investors and entrepreneurs from around the world to shape a more resilient global economy and unlock new opportunities for women-led enterprises.

 

Women entrepreneurs gather on stage at the International Woman Entrepreneurial Challenge 2026 in Manama, Bahrain.

“An amazing opportunity”

For many participants, the forum delivered tangible results.

Doris Martin, CEO of DMartin Consultancy in Bahrain, attended in search of meaningful collaboration and found it.

Through business-to-business (B2B) meetings facilitated during the event, she established partnerships with companies in the United Arab Emirates and Morocco.

“This forum has been effective for me,” she told UN News. “I’ve had B2B collaboration with regional companies through Bahrain and through UNIDO.”

Tosin Arwejulo, CEO of Leadership Excel Consultancy and a Nigerian-American entrepreneur based in Bahrain, described the forum as a “powerful networking platform.”

“I’ve had the opportunity to talk to people from literally every continent,” she said. “It has been an amazing opportunity to connect with like-minded leaders.”

 

From left to right: Tosin Arwejulo, CEO of Leadership Excel Consultancy and a Nigerian-American entrepreneur based in Bahrain, and Doris Martin, CEO of DMartin Consultancy in Bahrain(In the middle).

Shared challenges, shared solutions

The forum’s impact extended beyond the Arab region.

Ayanthi Gurusinghe, President of the Ceylon Chamber of Women Entrepreneurs in Sri Lanka and representative of the South Asian Women Development Forum, attended alongside delegates from India, Nepal, Bangladesh and Pakistan.

She said participants exchanged valuable lessons, particularly around access to finance, a challenge faced by women entrepreneurs across regions.

“It was a good opportunity for networking, to come together, share views, learn and exchange experiences,” she said, expressing appreciation to UNIDO for creating a space where global connections could flourish.

Ayanthi Gurusinghe, President of the Ceylon Chamber of Women Entrepreneurs in Sri Lanka and representative of the South Asian Women Development Forum, at WEIF 2026 in Bahrain.

Special focus on artists with disabilities

Beyond panel discussions and networking sessions, the forum also spotlighted inclusive entrepreneurship through three exhibitions including on “Determined Creative Entrepreneur.”

Among the exhibitors was Nisreen Samour of Micro Art Center in Bahrain, which specializes in training and developing artistic talent, with a special focus on artists with disabilities.

“Today, we have about nine students participating, each specializing in an artistic field that aligns with their interests and abilities,” she said.

“I personally train them, and we are currently working on developing their skills and empowering them to produce professional artwork that will help them effectively enter the art market and the job market, thus contributing to increased productivity and the center’s overall performance” she told UN News.

The centre also works with orphans, helping them develop artistic skills and showcase their work publicly — fostering independence and self-reliance through creativity.

 

Nisreen Samour of Micro Art Center in Bahrain, which specializes in training and developing artistic talent, with a special focus on artists with disabilities.

The role of academia

One recurring theme was the role of higher education in preparing young women to enter the world of entrepreneurship.

In an interview with UN News, Dr. Nihal Al-Najjar, professor at the Royal University for Women in Bahrain, highlighted the need to embed entrepreneurship deeply within academic systems.

“Our academic role is to integrate entrepreneurship not just as a subject, but as a methodology,” she said, explaining that experiential learning and practical application are key. “We encourage students to think, innovate and identify gaps in society, and then work to find solutions.”

She added that universities must go beyond classroom teaching by connecting students to the wider entrepreneurial ecosystem, guiding them towards mentorship, funding opportunities and professional networks when they are ready to launch their own ventures.

Dina Najar at WEIF2026 in Manama, Bahrain, covering Sustainable Development Goals.

A driving force for sustainable development

The World Entrepreneurs and Investment Forum (WEIF) was preceded by the annual conference of the International Women Entrepreneurial Challenge (IWEC)—a New York-based NGO that helps women-owned businesses to grow.

Speaking at the conference, UNIDO Director General Gerd Müller described women’s entrepreneurship as a driving force for sustainable development, global innovation and economic inclusion.

We must ensure that women everywhere have a level playing field and are given the opportunity to unlock their full potential,” he stated, highlighting persistent barriers to finance, technology, and higher-skilled roles for women globally.

Reaffirming UNIDO’s commitment, he added that “empowering women is essential to achieving the Sustainable Development Goals.”  The 17 SDGs, adopted by governments in 2015, provide a blueprint for a more just and equitable future for all people and the planet.

Mr. Müller praised Bahrain’s leadership in supporting entrepreneurship and women’s economic participation and outlined UNIDO’s ongoing work in crisis-affected countries, noting, “UNIDO has just started working to set up recovery programmes in Syria, Sudan, and Palestine… mostly the women there are affected, and they need our support.”

 

Gerd Müller, Director General of UNIDO, speaking at the International Woman Entrepreneurial Conference in Bahrain 2026.

Women as engines of business

In her opening remarks, IWEC Chair Ibukun Awosika highlighted women’s transformative role as engines of business, leadership, and national progress.

She emphasized that women constitute half of the world’s productive assets and, when empowered, become game changers in corporate and political leadership. Drawing on her own journey, Ms. Awosika recalled building a manufacturing group over 36 years before becoming the first and only woman chair of sub-Saharan Africa’s oldest financial institution, First Bank of Nigeria.

“What women represent to the world is 50 per cent of its assets — productive, constructive assets that are game changers when fully deployed,” she said.

Every nation that has enough wisdom to invest and to actualize the talent that is in 50 per cent of its population is a country that is set to win.”

 

H.E. Mrs. Ibukun Awo, IWECC Chair, speaking at WEIF2026 in Bahrain.

Success Stories from Bahrain and Nigeria

According to its website, the International Women Entrepreneurial Challenge (IWEC) has recognized 575 distinguished awardees globally, honoured annually at its conferences and nominated by partner organizations, representing women-owned businesses from across the world.

In Bahrain, IWEC recognized a new cohort of awardees from the Middle East and Africa.

Among them was Sonia Mohamed Janahi, founder of Maya La Chocolaterie, who highlighted UNIDO’s role in advancing women’s entrepreneurship.

With UNIDO’s support, Janahi expanded her Bahraini chocolate brand into Africa, establishing a cocoa processing plant in Côte d’Ivoire, creating jobs, promoting ethical supply chains, and ensuring global recognition for African-produced chocolate.

 

Official event photo from WEIF2026 in Manama, Bahrain.

“UNIDO has played a very vital role in my progression. They have taken my project and opened opportunities for me,” she told UN News, underscoring UNIDO’s commitment to recognizing women entrepreneurs across Bahrain, the Middle East, and Africa.

“This event represents women globally and investments over $6 billion that bring women globally together. It awards women who have not just started a business but have sustained a business and scaled up a business and have had an impact on the economy and on the society.”

Also honoured was Nigerian entrepreneur Oluwakelemi, who discussed her gifting and lifestyle retail business, which employs women and supports household incomes across Nigeria while preparing to expand internationally.

“I am passionate about building scalable African businesses with global reach,” she told UN News. “Not less than 5,000 people have been able to benefit from our business, from our work.”

 

 

World News in Brief: Global investment plunges, hurricane season in Haiti, rising cholera and hunger in South Sudan

Their latest data shows that the outlook for international investment this year “is negative”, a sharp course correction from January, when “modest” growth seemed possible.

The reasons for this range from trade tensions and tariffs whose main effect has been a “dramatic increase in investor uncertainty”, said UNCTAD Secretary-General Rebeca Grynspan.

She said that investment in renewable energy, water and sanitation fell by some 30 per cent and that agriculture saw a 19 per cent drop in investor confidence.

Only the health sector saw an increase of nearly 20 per cent, Ms. Grynspan said, although that only accounts for “less than $15 billion globally”.

‘Very real consequences’

“Behind those numbers are very real consequences. Jobs not created,” she said. “Infrastructure not built, sustainable development delayed. What we see here is not just a downturn. It is a pattern.”

Ms. Grynspan also cited “growing geopolitical tensions” in addition to rising trade barriers around the world as reasons for the fall in global investment for development.

In critical sectors as hi-tech industries and rare earth minerals, governments are also tightening screening measures on proposed foreign investment, the UN agency noted.

Supplies to limit hurricane impact in Haiti critically low

The Humanitarian Country Team in Haiti warned Wednesday that funding and pre-positioned contingency supplies are critically low ahead of what is forecast to be an above-average hurricane season.

Haiti is highly vulnerable to extreme weather, with 96 per cent of the population at risk. Forecasts project 12 to 19 tropical storms and up to five major hurricanes this year.

The alert comes as the fragile island nation grapples with a worsening humanitarian crisis. Armed gangs control much of the country, the collapse of essential services and growing displacement have left 5.7 million people food insecure, 1.3 million displaced and 230,000 living in makeshift shelters ill-equipped to withstand severe weather.

Limited preparations  

Humanitarian actors have pre-positioned limited stocks of essential items, but they are at a record low for a hurricane season posing such high risk.  

For the first time, Haiti will begin the hurricane season without pre-positioned food supplies or the financial resources necessary to initiate a rapid response.  

Meanwhile, UN Humanitarian Office (OCHA) is coordinating missions with UN agencies and partners to assess how to safely resume aid operations in high-need areas, following their suspension on 26 May due to insecurity.

“I am deeply concerned for communities, families, and vulnerable groups who have already been affected by violence and are living in precarious conditions,” said Ulrika Richardson, Humanitarian Coordinator in Haiti, calling for immediate support.

As of mid-June, the $908 million Humanitarian Response Plan for Haiti is just 8 per cent funded.

Worsening cholera and hunger in South Sudan

OCHA raised the alarm on Thursday over rising malnutrition and cholera cases in war-torn South Sudan.

An estimated 2.3 million children under five urgently need treatment for acute malnutrition, a 10 per cent increase since last July.

This crisis is unfolding amid the world’s most severe cholera outbreak this year, with almost 74,000 cases and at least 1,362 deaths reported as of 16 June.  

The start of the rainy season and waning immunity risk a significant surge in infections.

UN response

The 2025 Humanitarian Needs and Response Plan for South Sudan is only 20 per cent funded.

Despite limited resources and many challenges, the UN and partners have scaled up efforts, delivering vaccines and life-saving aid to contain the disease and protect the most vulnerable.

“This dire situation is a stark reminder that we need funding urgently to expand food assistance, to expand nutrition and expand health services to those who need it the most,” said UN Spokesperson Stéphane Dujarric at the daily briefing in New York. 

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Investment Agreements with Foreign Countries

The existing Indian Bilateral Investment Treaties (BITs) were largely negotiated on the basis of Model BIT text adopted in 1993, and as amended in 2003. The 1993 Model BIT text contained provisions which were susceptible to broad and ambiguous interpretations by arbitral tribunals. Further, significant changes have occurred globally regarding BITs, in general, and investor-state dispute resolution mechanism, in particular. Accordingly, India started the process for review and revision of the earlier Model BIT, and came out with a revised Model BIT version, in December, 2015. Discussion on commencing negotiations on Bilateral Investment Treaty (BIT) or investment agreement based on approved Model BIT text with Russia, USA and EU are ongoing.

BITs help to project India as an attractive Foreign Direct Investment (FDI) destination, as well as protect outbound Indian FDI, by increasing the comfort level and boosting the confidence of investors by assuring a minimum standard of treatment and non-discrimination.

This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

Japan Seeks India to Resolve Transfer Pricing Issue First

Commerce and Industry Minister Nirmala Sitharaman held talks with the visiting Japanese delegation led by Hiroshige Seko, Minister, Ministry of Economy Trade and Industry (METI) where the Japanese side raised the Transfer Pricing issue that has remained contentious between the two sides for long.

Japanese side said India should address the complaints raised by the Japanese chamber from time time to enhance the investments by Japanese companies in India. He also requested that the issue of Transfer Pricing assessment raised by Japan Chambers of Commerce and Industry in India (JCCII) needs to be resolved.

Sitharaman said the pace of implementation of India-Japan Comprehensive Economic Partnership Agreement (CEPA) requires greater momentum to tap the potential of India-Japan bilateral trade and Seko in his reply said 25 Japanese companies are participating in Vibrant Gujarat Summit.

The Japanese business delegates briefed about their business presence in India and expressed their willingness to diversify their business in sectors such as Agriculture, Power, Electronics, Railways, Logistics Sectors, manufacturing of ATMs, which has become urgent and imminent in view of demonetisation and the consequent cash crunch in the country.

The Japanese side also expressed interest in enhancing co-operation in the area of Intellectual Property Rights (IPR) between India and Japan and offered to train Indian IPR examiners in Japan to underline the need for a high level meeting between India and Japan on IPR cooperation. Seko offered an invitation to 100 IPR Examiners for training in Japan.

Sitharaman requested the Japanese side to take steps to increase Indian Exports to Japan in sesame seeds, Surimi fish and Indian generic drugs. She said that the Japanese Industrial Townships (JITs) in India would be transformational and will bring in significant Japanese investments and further strengthen India-Japan Economic Cooperation.

On the Logistics front she mentioned that India plans to build Logistics University wherein the cooperation from Japan would be needed.