The 10th Bosphorus Summit in Istanbul began with the participation of more than 3,000 people from more than 80 countries.

Heads of state and government, ministers, businessmen and experts will take part in the three-day summit.

Discussions will focus on the challenges facing the global economy through 32 seminars.The sessions will discuss the challenges of globalization, ways of successful trade cooperation among countries, the investment climate in Turkey and the future of global trade and its role in changing the world order.

The summit will also address digital transformation and the increasing role of computers and artificial intelligence as a commercial and financial tool. Economic agreements are also expected to be signed.

Talal Abu-Ghazaleh, the honorary president of the Bosphorus Summit, stressed that the world is irregular and is experiencing liberal trade crises, which led to trade wars under the Fourth Industrial Revolution.

He believed that there are meetings between politicians of the great powers to talk about a new currency may open the way for the economy, but can not guess the results.

Abu Ghazaleh predicted disasters and economic crises in 2020. He pointed out that there will be inflation and stagnation in a military war between America, Russia and China, and that this war will lead to the transfer of the world to a new world order and a new renaissance.

Abu-Ghazaleh predicted disasters and economic crises in 2020 (Anatolia)

Turkish - Qatari Relations
Al-Jazeera correspondent Omar al-Hajj said that the opening sessions of the conference focused on the consolidation of economic relations between countries requires the need to ensure political stability, both in the relationship between countries and within a single state.

He added that participants stressed that political stability remains the only way to achieve prosperity in economic cooperation between countries.

Al-Jazeera correspondent that the speakers in these sessions stressed the importance of modernizing the structure of the current world order, because it serves - in its economic side - countries at the expense of other countries.

He pointed out that the Bosphorus summit attaches great importance to the Qatari-Turkish relations, adding that there is a seminar that will be devoted solely to discuss these relations.