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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...
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UAE launches Power to Liquids roadmap to decarbonize aviation sector
The United Arab Emirates has launched the Power-to-Liquids (PtL) Roadmap: Fueling the Aviation Energy Transition in the United Arab Emirates, which was drafted in cooperation between the Ministry of Energy and Infrastructure and the World Economic Forum. The PtL roadmap shows the financial, economic and environmental benefits of PtL in... -
Closing the gender gap in MENA may take 115 years
Closing gender gaps remains a critical driver of national prosperity. Countries that invest in all of their human capital and make it easier for their populations to balance work and family life tend to be more prosperous. It may help overcome the current crises and accelerate a strong recovery, the... -
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. -
Saudi Arabia, UPLink in deal to counter sustainable development issues
This is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally. -
Tourism helps Saudi economy diversify away from oil
The kingdom eyes over 70 million visitors this year as the country jumps from 43rd to 33rd spot on the global tourism ranking, says Saudi Arabia's assistant tourism minister. -
Saudi group at WEF calls for international cooperation
A Saudi delegation said Wednesday that the transformation march launched by it a few years ago contributed to enhancing the economic, social and development dimensions of the Kingdom and has created qualitative investment opportunities. The delegation participated in a panel discussion, "Kingdom of Saudi Arabia: A Future Vision", on Wednesday... -
Global economy to gain $8.3 trillion if countries invest in skills: WEF
The Reskilling Revolution initiative, a coalition of 50 CEOs, 25 ministers and 350 organizations committed to realizing these gains for their economies, societies and organizations, marked two years of progress at the World Economic Forum Annual Meeting 2022 in Davos. -
Pfizer offers to sell medicines at cost to poorest countries
US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs on a not-for-profit basis to the world's poorest countries, as part of a new initiative announced at the World Economic Forum in Davos. "The time is now to begin closing this gap" between people with access to... -
WEF calls for new partnerships to save fragile communities
The World Economic Forum has pleaded for a new partnership between various stakeholders in order to make a difference to people living in fragile zones of the world. In a paper released by the WEF, it calls for a new collaboration between humanitarian and development organizations, businesses, investors and entrepreneurs... -
Digital technologies can cut greenhouse gas emissions: WEF
Digital technologies can reduce greenhouse gas emissions by up to 20% by 2050 in the three highest-emitting sectors: energy, mobility and materials, according to a study by the World Economic Forum and Accenture. -
Duda: Fighting Russia Ukraine’s ‘national choice’
The Polish president warned of a crisis if Ukraine is unable to export grains to North Africa and other countries. He said Ukraine accounts for 80 percent of Egypt's grain needs. -
Hosting FIFA World Cup 2022 will give hope to youth in GCC, says Qatar’s emir
Hosting the FIFA World Cup 2022 will give hope to the youth across the Gulf region, which has suffered for so long, said Qatar’s emir Sheikh Tamim bin Hamad Al-Thani during a panel discussion entitled "Sport as a Unifying Force" at the World Economic Forum in Davos on Monday. Sheikh... -
Zelensky tells Davos: Send us weapons, stop Russia trade
Appearing by video link, Zelensky delivered the headline speech to the first World Economic Forum to be held in the Swiss Alps in more than two years after the Covid pandemic derailed the event. The war is dominating the four-day meeting of the world's business and political elite. -
Renewables, wind power, EVs to check climate change
Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub at the World Economic Forum in Davos. -
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. -
Quality education could add $2.54 trillion to global economy
A worldwide improvement in students’ capacity for problem-solving to the average level of today’s top 10 scoring countries could add an additional $2.54 trillion to the global economy, World Economic Forum (WEF) said in its latest report. The compound effects of the pandemic, pre-existing inequalities, and the rapid technological change... -
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. -
Data cover: GCC sees rise in cyber insurance demand
Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such as low litigation environment. -
Millionaires, non-profits make joint appeal for wealth tax
A wealth tax on the world's richest people could raise at least $2.52 trillion per year. -
Covid and its effects continue to pose threat to world: WEF risks report
The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery risk compounding social fractures and geopolitical tensions. The global economy was expected to be 2.3 percent smaller by 2024 than it would have been without the pandemic. -
WEF says ‘will defer’ Davos meeting over Omicron fears
The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be held in "early summer", the organizers said. Last year's edition was canceled because of the pandemic. -
Sabic leads low-carbon plan
Sabic, WEF, and global companies will formalize the plan. -
UAE and WEF to hold ‘Great Directions for the Future’ dialogue in Abu Dhabi
The United Arab Emirates in partnership with the World Economic Forum will hold a two-day long gathering of thinkers to exchange ideas on ‘Great Directions for the Future’ dialogue in November. -
Digital inclusion vital for economic growth: Experts at WEF discussion
DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries. The importance of making such populations digitally inclusive was discussed during the World Economic Forum EDISON Alliance discussion a couple of days ago. During the... -
Majority of employees worldwide want flexible working to continue: WEF
30 percent of 12,500 employes in 29 countries say they would look for another job if forced to go back to the office full time -
Distribution, delivery may pose a challenge to G7 vaccine pledge: WEF Digital Editor
Vaccine manufacturing, patent protection, surplus doses disposal, cold storage needs a challenge So far, only slightly more than one in five people worldwide estimated to have had at least a single dose An additional 870 million Covid-19 doses promised by the G7 have been hailed as a "big help" by... -
UAE, Ethiopia start-ups among 100 awardees at WEF’s 2021 Technology Pioneers cohort
The start-ups include new leaders in AI, cybersecurity, robotics, and others using tech to address gaps in healthcare, financial access and more This year’s cohort has the highest gender diversity yet, with over 30% of companies led by women One start-up each from the United Arab Emirates and Ethiopia is... -
CEOs pledge support to world leaders for net-zero efforts
Alain Bejjani, CEO Majid Al Futtaim, among 79 signatories of open letter to world leaders -
UAE ranks high on global govt development indices
The first globally on the Absence of Bureaucracy Index The second globally on the Adaptability of Government Policy Index The UAE government succeeded in advancing its global rankings to be one of the best in government development indices. Most notably, the UAE ranked first globally on the Absence of Bureaucracy...