• WEF24: Tech investment drives China’s growth

    China's GDP is expected to grow 5 percent this year as the country has significantly recovered from COVID-19, Xiaoyan Zhang of Tsinghua University tells TRENDS.
  • 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...
  • WEF24: GenAI poised to revolutionize energy sector

    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.
  • WEF24: Geopolitical upheaval to affect global economy

    Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of Hermitage Capital.
  • Saudi Journalists Association poll: Women, visionaries lead the way

    Nearly half of the newly elected board members were women, a first in the 21-year history of this prominent media professionals' body. This milestone coincided with the election of Faisal J. Abbas, a visionary in the field, as Deputy Chairman of the Saudi Journalists Association. This election is a step...
  • WEF24: DCO leads in bridging global digital divide

    Digital Cooperation Organization's initiatives are key to empower emerging economies through digitalization's full potential, its Secretary General Deemah AlYahya tells TRENDS.
  • WEF24: Investor confidence fuels sustainable growth

    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.
  • WEF24: Unified approach key to resolve challenges

    Unified global solutions are crucial to tackle issues like climate change, AI norms, and economic fragmentation, Khalfan Belhoul of Dubai Future Foundation tells TRENDS.
  • Potential dangers of AI seen as major business risks for 2024

    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...
  • WEF discusses politics, climate, but not Gaza crisis

    Khalid Janahi, CEO of Vision3, in an exclusive interview with TRENDS, delves into why this vital topic was overshadowed in global forums like the recenty concluded WEF.
  • Global leaders need digital skills for AI management

    "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.
  • 15 million tons of Lithium deposits found in Thailand

    Bangkok, Thailand - Thailand has discovered nearly 15 million tons of lithium deposits, a government spokesman said Friday, a boost for the kingdom's goal of becoming a regional hub for electric vehicle production. The find means Thailand has the third largest lithium resources, behind Bolivia and Argentina, but it is not...
  • In Davos, AI excitement persists but fears over managing risks

    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.
  • Complaint against Israeli President received: Swiss prosecutors

    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...
  • Pakistan, Dubai ink deals worth $3 billion at Davos

    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...
  • 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,...
  • UAE ranks first in Arab world in labor-resilient countries, says report

    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,...
  • Government, financial sectors top cyberattack targets

    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.
  • Qatar to set up Centre for Fourth Industrial Revolution

    Davos, Switzerland -- The war in Ukraine, tensions in the Middle East, monetary policy in 2024, jobs, equitable economic growth, energy demand, artificial intelligence, and the need to find a common ground were some of the issues discussed at the third day of Davos summit. C4IR to be established in...
  • WTO head ‘less optimistic’ for world trade due to Red Sea strikes

    The head of the international trade body said weaker global economic growth, "worsening geopolitical tensions, the new disruptions we see in the Red Sea, on the Suez Canal, the Panama Canal" meant "we are less optimistic". She was speaking to journalists at the World Economic Forum in the Swiss resort...
  • UAE launches new ‘EcoMark’ green accreditation framework for MSMEs

    Davos, UAE - The UAE has announced plans to develop the first-ever sustainability accreditation framework explicitly for micro, small and medium-sized enterprises (MSMEs). EcoMark Global Accreditation has been designed to boost the competitiveness of MSMEs in the global green economy by streamlining and standardizing the regulatory processes surrounding sustainability benchmarking...
  • Watch: Experts discuss how Arab world reshapes future

    At the HUB Davos 2024 conference, UAE's Minister of Economy Abdulla Bin Touq Al Marri highlights the nation's commitment to diversifying its economy amidst global changes.
  • Women’s health gap costs US$1trn worldwide: report

    Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal focus on men across medical research, diagnosis and treatment, the report said. Closing this gap would boost the global economy by $1trn annually by 2040, a 1.7% rise in per...
  • Washington seeks ‘de-escalation’ in Middle East, says top US official

    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...
  • In Davos, Chinese premier takes aim at trade ‘barriers’

    Li's remarks came as the World Economic Forum's (WEF's) 54th annual conference is preoccupied with a slew of global risks, including wars in Ukraine and Gaza, climate change and the rapid rise of artificial intelligence. He said "new discriminatory trade and investment measures" had appeared every year, adding: "Any obstacles...
  • IMF chief at Davos: AI holds risks, opportunity for global economy

    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...
  • World’s five richest men doubled their fortunes since 2020: Oxfam

    A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week, said their wealth rose from $405 billion in 2020 to $869 billion last year. Yet since 2020, nearly five billion people worldwide have grown poorer, Oxfam said.
  • AI to impact 60% of advanced economy jobs: IMF’s Georgieva

    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.
  • Saudi Arabia leads world in innovation and investment

    "This is in the service of humanity and in building an interconnected and innovative future in various fields, including public health, sustainability, energy, industry, and the economies of the future. This aligns with the ambitions and national priorities for research, development, and innovation declared by the Kingdom," he adds.
  • Saudi Arabia to highlight role in dealing with global challenges at WEF meet

    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...
  • Global crises, AI key focuses of World Economic Forum

    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.
  • Wars to cast pall over meeting of global VIPs in Davos

    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...
  • Arab region faces soaring youth unemployment crisis

    The region, with the world's highest youth unemployment rate, requires the creation of 33.3 million jobs by 2030 to accommodate the large number of candidates each year.
  • Resilient supply chains are essential to global trade: Expert

    DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some one billion people out of poverty, an expert has said. Yin Zou, the Executive Vice President of Corporate Development, DHL Group, wrote in the World Economic Forum that the COVID-19...
  • Utilizing AI is only possible if skill gap is bridged, says expert

    DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily lives, an expert has said. Igor Tulchinsky, Founder, Chairman and Chief Executive Officer, WorldQuant, wrote for the World Economic Forum that while AI brings tremendous potential benefits — from diagnosing...
  • 5 WEF reports shaping your 2024 agenda

    From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of the important global challenges and opportunities.
  • ‘Investment policies must align with net-zero goals’

    An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions, WEF's Kimberley Botwright tells TRENDS.
  • Global health crisis looms amid climate change: WEF

    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.
  • People-positive approach needed in clean power transition: WEF paper

    Dubai, UAE -- Building massive infrastructure for clean power projects in pursuit of climate goals will need nearly $4.5 trillion in investments by 2030, but more importantly, it will need a “people-positive” approach, experts have said. The people-positive approach has yet to acquire an industry definition. But experts and clean energy...
  • First Movers Coalition emerges as top advocate of climate-friendly technologies

    Dubai, UAE-- Since its launch two years ago, the First Movers Coalition (FMC) has become the world's largest private sector demand signal for emerging climate technologies. Its members have moved from commitment to action: signing offtake agreements, driving demand for low carbon products to global decarbonization initiatives, and collaborating with...
  • 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.
  • COP28 priorities: From climate action progress to energy transition

    Dubai, UAE -- As world leaders and climate experts gear up for the COP28 climate summit scheduled to take place in the United Arab Emirates (UAE), the latest data on global climate conditions issues a compelling and urgent call to action, an expert has said. The National Oceanic and Atmospheric...
  • Denmark, Netherlands top destinations for remote working: Report

    Davos, Switzerland -- Denmark, the Netherlands, and Germany have emerged as the leading countries for remote working, offering the best combination of cybersecurity, economic stability, infrastructure, and social safety, the latest Global Remote Work Index 2023 said. The index, which evaluates 108 countries, is a crucial tool for remote workers...
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • Tech ticks: Metaverse, AI boost Jamaica’s tourism

    From the metaverse allowing virtual experiences to the use of AI in training, Jamaica is at the forefront of integrating technology into its tourism sector, the minister tells TRENDS.
  • Key events reinforce UAE’s position as business hub

    "Hosting global events serve as crucial platforms, uniting experts and specialists from diverse sectors. They offer opportunities for communication, opinion exchange, experience sharing, and showcasing the latest products and services. The major economic events hosted by the UAE play a pivotal role in bolstering various economic sectors," he adds.
  • UAE Minister Al Gergawi backs ‘curiosity’ and ‘equity’ at World Economic Forum

    Dubai, United Arab Emirates – Considering opposing views, exchanging ideas and developing pathways for collaboration are essential to improving lives and protecting the planet in an increasingly polarized and fragmented world. That was the key message of the opening sessions of the World Economic Forum’s Annual Meeting of the Global...
  • AI and LLMs poised to transform global job landscape

    About 23% of global jobs will transform within five years due to LLMs and AI advancements, according to the World Economic Forum's 'Future of Jobs Report 2023'.
  • UAE takes lead in advancing global climate action

    Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating global climate crisis.