• 44% of workers’ core skills will be disrupted by 2027: WEF

    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...
  • Middle East needs strong Saudi Arabia, says kingdom’s finance minister

    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...
  • Saudi Arabia to host WEF special meeting in April

    Davos, Switzerland — Saudi Arabia will host a special meeting of the World Economic Forum (WEF) in Riyadh this April, Saudi Economy and Planning Minister Faisal Al Ibrahim said on Thursday. Speaking at the panel 'Saudi Arabia: The Course Ahead', Faisal Al Ibrahim said the event will focus on global collaborations,...
  • Diversification of energy sources needed to meet demand: Saudi minister

    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...
  • World Economic Forum foresees ‘significant economic slowdown’

    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...
  • China looks to woo back global elites at Davos 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...
  • Top economists warn global economy will weaken in 2024

    Davos-Klosters, Switzerland--Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI). More than half of chief economists (56%) expect...
  • WEF 2024 aims to bridge trust gaps amid global discord

    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...
  • Rules are fine but educate public about generative AI: Expert

    Dubai, UAE -- Regulations alone will not safeguard the public against nefarious uses of Artificial Intelligence, people also need to be educated on how generative AI is used, what can be gained and what they should look out for while consuming it, an expert has said. Victor Riparbelli, cofounder and...
  • ‘Tech solutions help make food practices sustainable’

    UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania Strauss tells TRENDS.
  • Biodiversity credits demand may rise to $180bn annually by 2050

    The transformation hinges on nearly all major companies adopting nature-related goals, with biodiversity credits playing a major role.
  • MENA region trails in global race for gender parity

    The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region will achieve full parity in 152 years, says a latest WEF report.
  • Top 3 deepfake threat scenarios users face in 2023

    Dubai, UAE - The number of deepfake videos online is increasing at an annual rate of 900 percent according to the World Economic Forum (WEF). A lot of deepfake fraud cases hit major headlines in the news, with reports relating to harassment, revenge, crypto scams. Here are three top three...
  • Digital literacy to boost UAE’s tech, AI revolution

    The goal is to create a prosperous digital economy, built upon a robust digital infrastructure and a regulatory and legislative framework, says UAE Minister of State for AI.
  • Japan targets 30 percent women executives at major firms by 2030

    Women represented only 11.4% of executives in major firms in Japan in 2022, according to a survey, although the figure has been rising. "We seek to have the ratio of women among executives at 30 percent or more in companies that are listed on the Tokyo Stock Exchange's Prime Market,"...
  • ‘Strategic position makes UAE key blockchain, Web 3 player’

    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.
  • New mechanisms to boost international cooperation in a multipower world, says WEF President Klaus Schwab

    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.
  • WEF-supported TTI to fuel UAE growth spurt

    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.
  • Leaders at WEF believe cooperation can mend ‘fragmented world’

    The WEF president concluded the first major international gathering of the year on a positive note saying progress has been made to tackle world's grave issues. This despite many economists forecasting recessionary risks in 2023 and geopolitical tensions continuing to shape the global economy.
  • Golden age of AI is underway and will redefine work: Microsoft CEO

    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...
  • WEF selects UAE’s Gender Balance Council as knowledge partner

    Dubai, UAE--The World Economic Forum (WEF) has selected the UAE's Gender Balance Council (GBC) as a knowledge partner to advance gender balance globally. The recognition reflects the UAE Gender Balance Council’s significant achievements, guided by the UAE leadership’s vision to create an environment that empowers and enables women to succeed...
  • India’s minister calls on rich nations to ‘walk the talk’ on food systems

    Davos-Klosters, Switzerland-- India's Minister for New and Renewable Energy Raj Kumar Singh has told developed countries to '"walk the talk" on transforming food systems by helping smallholder farmers in developing countries with cheaper access to irrigation, fertilizers and markets. The minister was speaking at a session on “Interplay of Food,...
  • AI-powered project in Turkey improves wildfire prediction

    Geneva, Switzerland: A project powered by Artificial Intelligence piloted in Turkey last year has improved wildfire prediction by combining static and meteorological datasets and reduced both response time and risk to firefighters, the World Economic Forum said. The FireAId initiative, launched by the WEF in Jan 2022, which was successfully...
  • UAE highly values intellectual property system, fosters innovation: Al Marri

    The UAE attaches great importance to developing the intellectual property (IP) system and encouraging innovators and creators and the country has made significant progress in this regard by developing a legislative structure for this vital sector and promulgating a number of laws that will help build innovation capabilities and promote...
  • Qatar launches Advanced Manufacturing Hub in partnership with WEF

    The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network.
  • WEF: UAE eyes end to global hunger through innovation

    Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and Oman to share their perspective on contemporary issues.
  • GCC keeps pace with global solar, wind trends

    Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.
  • Sabic leads low-carbon plan

    Sabic, WEF, and global companies will formalize the plan.