The world of work is changing fast. By 2027, businesses predict that almost half (44%) of workers’ core skills will be disrupted, found the World Economic Forum's Future of Jobs Report. Technology, the report said, is moving faster than companies can design and scale up their training programs. AI, according to...

US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony Scaramucci.

GCC cities such as Abu Dhabi, Dubai and Riyadh showcase dynamic growth, rivalling global metropolises, says Julien Hawari, CEO & Founder of Special Edition and Million.

The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in the energy transition, Dr. Atul Arya of S&P's Global tells TRENDS.

Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of Hermitage Capital.

There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.

GFH Financial Group has made significant investments in healthcare, education, logistics, and private lending in Saudi Arabia and the UAE, its CEO tells TRENDS in Davos.

Unified global solutions are crucial to tackle issues like climate change, AI norms, and economic fragmentation, Khalfan Belhoul of Dubai Future Foundation tells TRENDS.

Davos, Switzerland -- Thdfe potential dangers of AI, particularly its influence on upcoming elections and the escalation of military conflicts, is being seen as one of the major risks for businesses in 2024.This was underscored by a panel of CEOs from leading global companies, including Amazon's Andy Jassy, Intel's Pat...

"Governments should design solutions to face these challenges rather than ignoring them, leveraging the positive effects and significant opportunities presented by adopting these solutions. It is crucial to shift the negative perception of artificial intelligence today, fostering a new view of the opportunities and challenges it presents," he adds.

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent in the advanced world -- replacing some jobs while complementing others.

Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid allegations of crimes against humanity over the war in Gaza. The Federal Prosecutor's Office (BA) confirmed that it had received a criminal complaint against the Israeli president, who was in...

Davos, Switzerland - Pakistan and Dubai signed two agreements totaling over $3 billion on the sidelines of the World Economic Forum in Davos. The agreements will focus on collaboration in railways, economic zones, and infrastructure projects. One of the key agreements involves the establishment of a rail-based dedicated freight corridor...

Dubai, UAE-- Saudi Arabia's Finance Minister Mohammed Al-Jadaan said the Middle East needs a strong Saudi Arabia to contribute and that the future outlook looked positive despite recent shocks. The minister was speaking at Davos in a session titled "Saudi Arabia: Continuing Efforts towards a More Sustainable Economy". Al-Jadaan said...

Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor Resilience Index (GLRI) 2024. As the world confronts the profound challenges of global warming and the urgency of transitioning to a sustainable future, the impact on labor markets looms large,...

Davos, Switzerland -- The Saudi Minister of State for Foreign Affairs, Cabinet's member, and Climate Affairs Envoy, Adel bin Ahmed Al-Jubeir has called for diversification of energy sources to meet the increasing global demand for energy. The minister made these remarks Wednesday at a session titled “Bold Steps for a...

The Middle East's oil and gas sector also stays on hit list of of cyberattackers, Trellix CEO Bryan Palma tells TRENDS, stressing the need for widespread cybersecurity investments.

At least 24,448 Palestinians, more than 70 percent of them women, young children and adolescents, have been killed in Israeli bombardments and ground assaults, according to the Gaza health ministry's latest figures. "When we talk about rebuilding Gaza, it's not anymore like before, where we had to rehabilitate some shelter and...

Davos, Switzerland--A new World Economic Forum report titled the Future of Growth Report 2024 foresees a significant economic slowdown, estimated to fall to the lowest rate in three decades by 2030, amid ongoing economic and geopolitical shocks. The report released today, offers a re-evaluation of global economic growth, introducing a...

Davos, Switzerland - The United States wants a "de-escalation" in the Middle East despite its strikes on Houthi positions in Yemen, National Security Advisor Jake Sullivan said on Tuesday. "We seek to stop the spread of conflict and to create the conditions for de-escalation," Sullivan said at the World Economic Forum...

Prime Minister Li Qiang, who will make a special address on Tuesday, will be the most senior Chinese official to attend Davos since President Xi Jinping in 2017. The Prime Minister will be joined by Chinese Commerce Minister Wang Wentao, the governor of the People's Bank of China and high-ranking...

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in...

The IMF sees an important opportunity for policy prescriptions to help address these concerns, Georgieva told AFP. "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," she said.

RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the World Economic Forum (WEF) annual meeting 2024 in Davos, Switzerland, showcases its vital role in addressing global challenges, particularly in supply chains and capacity building. In remarks to the Saudi...

"The Davos meeting provides a platform for showcasing Saudi Arabia’s significant efforts and progress in these areas ... International partnerships play key role in addressing contemporary challenges, particularly in food, water, energy, and securing sustainable global supply chains," he adds.

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.

Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine set to dominate the annual gabfest in the Swiss Alps. Russia's nearly two-year-old assault on Ukraine has taken center stage at previous editions of the World Economic Forum (WEF), with...

Geneva, Switzerland - The World Economic Forum Annual Meeting 2024 is set to gather over 2,800 global leaders in Davos-Klosters, Switzerland, from January 15-19, with the overarching theme of "Rebuilding Trust." Against a backdrop of increasing division and uncertainty worldwide, the forum aims to foster dialogue, enhance collaboration, and forge...

Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World Economic Forum in Davos next week dominated by the war in Gaza, the WEF said Tuesday. Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li...

Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen of the World Economic Forum tells TRENDS.

Women drivers in Saudi Arabia is just one example, Jawhara al-Wabili says, of how women's rights have blossomed in recent years, allowing them to become ambassadors, bank directors, university administrators and even astronauts. Saudi scientist Rayyanah Barnawi took part in a mission to the International Space Station just this past...

There is a need for more regulations in the cryptocurrency industry to prevent immoral and aberrant behavior, says Anthony Scaramucci, former White House Communications head.

The degree of anger and sympathy for the protesters, particularly among the American and European public, makes it near impossible to reach a nuclear deal, believes Vali Reza Nasr.

A multi-plural world that embraces diversity and contradictions is crucial for peaceful coexistence free of conflicts, Prof Subramanian Rangan of INSEAD tells TRENDS.

"I have decided to send a group of people from my ESA team to the UAE to see which domains of cooperation we can intensify," ESA head Josef Aschbacher tells TRENDS in an interview.

Private sector partners can leverage the scientific work done in public laboratories to develop the technology needed for fusion power plant applications, top US physicist tells TRENDS.

TRENDS comes out with exclusive interviews of eminent leaders who had set a blueprint for a peaceful and successful global future during the Davos Summit earlier this year.

Technology, however, can be a powerful tool to deal with global challenges such as climate change, poverty, and inequality, says MIT's Senseable City Lab director Carlo Ratti.

The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and Trade Minister, Ryad Mezzour, tells TRENDS.

This year's event, held in the Swiss resort of Davos, was an intense and inspiring, and had brought together prominent leaders from government, business, and social institutions.

Around one-third of countries are likely to go through a recession, Sir Masood Ahmed, President of the Center for Global Development, tells TRENDS in an interview.

The region will benefit from investment in training institutes for nursing and health professionals, Amanat Holding CEO Mohamed Hamade tells TRENDS during an interview.

Regarding structural transformations to be witnessed in various vital economic sectors, Schwab says there will be about 10 billion people in need of energy by 2050. He stresses on the need to achieve the goals of the Paris Agreement and reach zero carbon emissions.

The initiative is a crucial step in modernizing global trade, using the tools of the Fourth Industrial Revolution, said Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade.

Most analysts expect a 50-basis point hike in March but, with inflation starting to ease, there are already signs of a debate among policymakers about when to slow the pace. ECB board member Fabio Panetta, known for his dovish stance, said the bank should not commit to any particular hike...

More than 50% of the countries with voting rights have pledged public support for the Saudi city’s bid, Fahd Al-Rasheed, the CEO of the Royal Commission of Riyadh City, tells TRENDS.

The rhetoric has shifted from talk of a recession in the 20-nation club to "a small contraction", she said, with some major economies like Germany possibly dodging a contraction altogether.

Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the United States of America, underlined the importance of the Saudi-US relationship.

Davos-Klosters, Switzerland-- Satya Nadella, Microsoft Chairman and CEO, believes that a golden age of AI is underway and will redefine work as we know it. Speaking at a session of the World Economic Forum, Nadella said: “The future of work is not just about technology and tools,” he said. It’s...

Despite pressure on him to authorize delivery of tanks to Ukraine, German Chancellor Olaf Scholz pledged support to the war-scarred country for "as long as necessary". Germany's allies in Europe have implored the country to agree to the export of Leopard heavy tanks to help Ukraine repel Russia's invasion.