Search Site

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Saudi WEF delegation to highlight progress under Vision 2030

This year’s Davos session will run between 16-20 January. (AFP)
  • Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom will head the Saudi delegation.
  • During their participation at WEF23, the delegation will outline progress achieved under Saudi Vision 2030.

Davos, Switzerland – A delegation from Saudi Arabia is set to participate in the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland.

Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom will head the Saudi delegation.

It aims to enhance global cooperation and design joint solutions to today’s geopolitical, social, economic, and human development challenges.

During their participation at WEF23, the delegation will outline progress achieved under Saudi Vision 2030.

The transformation program was launched in 2016 by Prince Mohammed bin Salman to build a vibrant and diversified economy that is open to collaboration with the world.

The Saudi delegation will highlight the need to invest in transformative solutions to urgent transnational challenges.

It includes fortifying the resilience and connectivity of critical trade and supply chains, and emphasize the importance of inclusive energy security for all.

Saudi’s delegation will discuss how it addressed challenges posed by the pandemic and share insights into the solutions that helped maintain a robust performance in the face of rising global pressures.

Saudi Arabia emerged as the fastest growing G20 economy in 2022 with GDP projected to grow 8.5 percent.

The session returned to its winter format after the first summer Forum was hosted in May 2022 due to the COVID-19 pandemic.