• The World Economic Forum’s annual meeting will take place at Davos-Klosters, Switzerland. Photo: World Economic Forum / Marcel Giger
    The World Economic Forum’s annual meeting will take place at Davos-Klosters, Switzerland. Photo: World Economic Forum / Marcel Giger
  • Fahd Al Rasheed, the chief executive of King Abdullah Economic City. Salah Malkawi for The National
    Fahd Al Rasheed, the chief executive of King Abdullah Economic City. Salah Malkawi for The National
  • IMF managing director Kristalina Georgieva. AFP
    IMF managing director Kristalina Georgieva. AFP
  • Bandar Alkhorayef, Minister of Industry and Mineral Resources in Saudi Arabia. AFP
    Bandar Alkhorayef, Minister of Industry and Mineral Resources in Saudi Arabia. AFP
  • Ohood Al Roumi, Minister of State for Governmental Development and Future, speaks at Davos last year. Bloomberg
    Ohood Al Roumi, Minister of State for Governmental Development and Future, speaks at Davos last year. Bloomberg
  • Dr Thani Al Zeyoudi, Minister of State for Foreign Trade. Pawan Singh / The National
    Dr Thani Al Zeyoudi, Minister of State for Foreign Trade. Pawan Singh / The National
  • Omar Al Olama, chairman of Dubai Chamber of Digital Economy, and vice chairman of the Higher Committee for Future Technology and Digital Economy. Khushnum Bhandari / The National
    Omar Al Olama, chairman of Dubai Chamber of Digital Economy, and vice chairman of the Higher Committee for Future Technology and Digital Economy. Khushnum Bhandari / The National
  • Ayman Safadi, Jordanian Foreign Minister. Reuters
    Ayman Safadi, Jordanian Foreign Minister. Reuters
  • Sultan Ahmed bin Sulayem, group chairman and chief executive of DP World. Antonie Robertson / The National
    Sultan Ahmed bin Sulayem, group chairman and chief executive of DP World. Antonie Robertson / The National
  • Iraqi Foreign Minister, Fuad Hussein. Reuters
    Iraqi Foreign Minister, Fuad Hussein. Reuters
  • Klaus Schwab, founder and executive chairman of the World Economic Forum. EPA
    Klaus Schwab, founder and executive chairman of the World Economic Forum. EPA
  • Qatar's Deputy Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani. AP
    Qatar's Deputy Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani. AP
  • Saudi Arabia's Economy and Planning Minister, Faisal Alibrahim (R), and its Communications and Information Technology Minister, Abdullah bin Amer Alswaha, in Davos last year. EPA
    Saudi Arabia's Economy and Planning Minister, Faisal Alibrahim (R), and its Communications and Information Technology Minister, Abdullah bin Amer Alswaha, in Davos last year. EPA
  • Dutch Defence Minister, Kajsa Ollongren. AFP
    Dutch Defence Minister, Kajsa Ollongren. AFP
  • Mark Carney, co-chairman of Glasgow Financial Alliance for Net Zero and vice chairman of Brookfield Asset Management. Bloomberg
    Mark Carney, co-chairman of Glasgow Financial Alliance for Net Zero and vice chairman of Brookfield Asset Management. Bloomberg
  • Abdullah Alswaha, Saudi Arabia's Minister of Communications and Information Technology. Photo: NCA
    Abdullah Alswaha, Saudi Arabia's Minister of Communications and Information Technology. Photo: NCA
  • Saudi Investment Minister, Khalid Al Falih. AFP
    Saudi Investment Minister, Khalid Al Falih. AFP
  • US special presidential envoy for climate, John Kerry. AP Photo
    US special presidential envoy for climate, John Kerry. AP Photo
  • Sarah Al Amiri, Minister of State for Public Education and Future Technology. Chris Whiteoak / The National
    Sarah Al Amiri, Minister of State for Public Education and Future Technology. Chris Whiteoak / The National
  • Egyptian Foreign Minister, Sameh Shoukry. EPA
    Egyptian Foreign Minister, Sameh Shoukry. EPA
  • Artist and designer Maya Lin. AP
    Artist and designer Maya Lin. AP
  • Princess Reema bint Bandar Al Saud, vice president for development and planning of the Saudi Arabian General Sports Authority, at Davos in 2018. Photo: World Economic Forum / Boris Baldinger
    Princess Reema bint Bandar Al Saud, vice president for development and planning of the Saudi Arabian General Sports Authority, at Davos in 2018. Photo: World Economic Forum / Boris Baldinger
  • Desmond Kuek, chief executive of Temasek Trust. Photo: Temasek Trust
    Desmond Kuek, chief executive of Temasek Trust. Photo: Temasek Trust
  • UN special envoy for Yemen, Hans Grundberg. Reuters
    UN special envoy for Yemen, Hans Grundberg. Reuters
  • Saudi Arabia's Crown Prince Mohammed bin Salman. Reuters
    Saudi Arabia's Crown Prince Mohammed bin Salman. Reuters
  • Mohammed Al Jadaan, Saudi Arabia's Finance Minister. Bloomberg
    Mohammed Al Jadaan, Saudi Arabia's Finance Minister. Bloomberg
  • Idris Elba and Sabrina Dhowre Elba. AP
    Idris Elba and Sabrina Dhowre Elba. AP
  • Hessa bint Essa Buhumaid, Minister of Community Development. Victor Besa / The National
    Hessa bint Essa Buhumaid, Minister of Community Development. Victor Besa / The National
  • Saudi Minister of State for Foreign Affairs, Adel Al Jubeir. AFP
    Saudi Minister of State for Foreign Affairs, Adel Al Jubeir. AFP
  • Badr Jafar, founder of Pearl Initiative. Antonie Robertson / The National
    Badr Jafar, founder of Pearl Initiative. Antonie Robertson / The National
  • Khaldoon Al Mubarak, managing director and group chief executive of Mubadala. Pawan Singh / The National
    Khaldoon Al Mubarak, managing director and group chief executive of Mubadala. Pawan Singh / The National
  • British actor Idris Elba. AFP
    British actor Idris Elba. AFP
  • Finnish Foreign Minister, Pekka Haavisto. AFP
    Finnish Foreign Minister, Pekka Haavisto. AFP
  • Rania Al Mashat, Egypt's Tourism Minister. Bloomberg
    Rania Al Mashat, Egypt's Tourism Minister. Bloomberg
  • The American soprano Renee Fleming with the Dresden Philharmonic, conducted by Sascha Goetzel, at the Abu Dhabi Festival. Fatima Al Marzooqi / The National
    The American soprano Renee Fleming with the Dresden Philharmonic, conducted by Sascha Goetzel, at the Abu Dhabi Festival. Fatima Al Marzooqi / The National
  • US senator Chris Coons. AFP
    US senator Chris Coons. AFP
  • Abdulatif Rashid, President of Iraq. AFP
    Abdulatif Rashid, President of Iraq. AFP
  • Najla Bouden, Prime Minister of Tunisia. AFP
    Najla Bouden, Prime Minister of Tunisia. AFP
  • Bisher Hani Al Khasawneh, Prime Minister of Jordan. AFP
    Bisher Hani Al Khasawneh, Prime Minister of Jordan. AFP

UAE, Gulf and Middle East officials to discuss stability, climate and future at Davos 2023


Mustafa Alrawi
  • English
  • Arabic

The programme at the World Economic Forum Annual Meeting in Davos, which begins on Monday evening with an awards ceremony, features a number of officials from countries from the Middle East and North Africa, including the UAE, discussing issues including geopolitics, opportunities in space and climate action.

On Wednesday, “Future by Design” is described as a discussion about “what lessons learnt could be deployed globally in the age of exponential change?” and includes three ministers from the UAE.

“From the space programme to climate-smart technology, the UAE has a track record of design thinking in governance,” the forum said.

Taking part are Ohood Al Roumi, Minister of State for Governmental Development and Future, Omar Al Olama, Minister of State for Digital Economy, AI and Remote Working System and Sarah Al Amiri, Minister of State for Public Education and Future Technology.

Other Emirati ministers and officials in Davos include Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, Hessa Buhumaid, Minister of Community Development, Abdulla bin Touq, Minister of Economy, DP World chairman and chief executive Sultan bin Sulayem and Khaldoon Al Mubarak, managing director and group chief executive of Mubadala Investment Company.

The annual meeting will also include highlighting a road map of the key priorities and actions ahead of the Cop28 climate summit, to be held in the UAE at the end of November.

“We will be putting a lot of emphasis on taking a global view to make sure that after Cop27 [was] hosted in Egypt … how do we make sure that we really take a global view, and around that system of climate, nature and energy,” said Mirek Dusek, managing director at the World Economic Forum.

A delegation from Saudi Arabia will be led in Davos by Prince Faisal bin Farhan, Minister of Foreign Affairs.

Princess Reema bint Bandar, ambassador to the US, will also be attending the event.

The kingdom’s delegation includes Adel Al Jubeir, Minister of State for Foreign Affairs and Climate Affairs Envoy, Khalid Al Falih, Minister of Investment and Mohammed Al Jadaan, Minister of Finance.

Abdullah AlSwaha, Minister of Communications and Information Technology, Bandar Alkhorayef, Minister of Industry and Mineral Resources, Faisal Alibrahim, Minister of Economy and Planning and Fahd Al Rasheed, chief executive of the Royal Commission for Riyadh City, will also be in Davos.

Priorities include highlighting progress under Saudi Vision 2030 economic transformation programme, launched in 2016 by Crown Prince Mohammed bin Salman, who is also the country's Prime Minister.

Trade and energy security on the agenda

On Tuesday, Qatar Foreign Minister Sheikh Mohammed Al Thani and Prince Faisal will be discussing the nexus of energy and politics alongside the International Monetary Fund chief Kristalina Georgieva, US Senator Chris Coons and Finnish Foreign Minister Pekka Haavisto.

The role of philanthropy in climate efforts will be in focus when Rania Al Mashat, Egypt’s Minister of International Co-operation, John Kerry, US climate enjoy, Mark Carney, UN Special Envoy for Climate Action and Finance, Badr Jafar, chief executive of the UAE’s Crescent Enterprises, and Desmond Kuek, chief executive of Temasek Trust, take part in a discussion on Tuesday.

On Wednesday, a session focused on “Saudi Arabia’s Transformation in a Changing Global Context” will include Princess Reema, Mr Al Jadaan, Mr Alkhorayef and Mr AlSwaha.

Later that day, Aziz Akhannouch, Head of the Government of Morocco, is scheduled to give a special address.

Also on Wednesday, Saudi Arabia’s Prince Faisal will join the foreign minister from Iraq, Fuad Hussein, Mohamad Al Ississ, Jordan's Minister of Finance, UN’s Yemen envoy Hans Grundberg and Dutch Defence Minister Kajsa Ollongren for a discussion on stability in the Mena region.

The Crystal Awards ceremony on Monday night, which will honour artist Maya Lin, soprano and arts and health advocate Renee Fleming and actors and humanitarians Idris Elba and Sabrina Dhowre Elba, will also have a Mena focus.

Fatma Said performs on stage during Global Citizen Live on September 25, 2021 in Paris. Photo: Getty
Fatma Said performs on stage during Global Citizen Live on September 25, 2021 in Paris. Photo: Getty

Monday’s opening concert is a performance of I Sea You, “a powerful cultural message of unity and collaboration” highlighting the protection and preservation of the coral reefs of the northern Red Sea.

It features Egyptian soprano Fatma Said, German pianist Tim Allhoff, Jordanian virtuoso Farah Siraj, guitarist Andreas Arnold and Israel’s Noa and Gil Dor.

Also performing are oud player Joseph Tawadros and percussionist James Tawadros.

The concert also includes footage of the Red Sea coral reefs filmed by environmentalist and deep-sea diver Nouf Alosaimi.

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Plan to boost public schools

A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.

It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.

Aspects of the school model will be extended to international private schools, the education minister has previously suggested.

Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.

2018 ICC World Twenty20 Asian Western Sub Regional Qualifier

Event info: The tournament in Kuwait is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.

Teams: UAE, Bahrain, Saudi Arabia, Kuwait, Maldives, Qatar

Friday fixtures: 9.30am (UAE time) - Kuwait v Maldives, Qatar v UAE; 3pm - Saudi Arabia v Bahrain

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

The specs: 2019 Haval H6

Price, base: Dh69,900

Engine: 2.0-litre turbocharged four-cylinder

Transmission: Seven-speed automatic

Power: 197hp @ 5,500rpm

Torque: 315Nm @ 2,000rpm

Fuel economy, combined: 7.0L / 100km

All%20We%20Imagine%20as%20Light
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EPayal%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Kani%20Kusruti%2C%20Divya%20Prabha%2C%20Chhaya%20Kadam%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

Sunday's fixtures
  • Bournemouth v Southampton, 5.30pm
  • Manchester City v West Ham United, 8pm
RESULT

Shabab Al Ahli Dubai 0 Al Ain 6
Al Ain: Caio (5', 73'), El Shahat (10'), Berg (65'), Khalil (83'), Al Ahbabi (90' 2)

Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

Result

Arsenal 4
Monreal (51'), Ramsey (82'), Lacazette 85', 89')

West Ham United 1
Arnautovic (64')

Abu Dhabi GP Saturday schedule

12.30pm GP3 race (18 laps)

2pm Formula One final practice 

5pm Formula One qualifying

6.40pm Formula 2 race (31 laps)

Fixtures:

Thursday:
Hatta v Al Jazira, 4.55pm
Al Wasl v Dibba, 7.45pm

Friday:
Al Dhafra v Al Nasr, 5.05pm
Shabab Al Ahli Dubai v Al Wahda, 7.45pm

Saturday:
Ajman v Emirates, 4.55pm
Al Ain v Sharjah, 7.45pm

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Top 10 most polluted cities
  1. Bhiwadi, India
  2. Ghaziabad, India
  3. Hotan, China
  4. Delhi, India
  5. Jaunpur, India
  6. Faisalabad, Pakistan
  7. Noida, India
  8. Bahawalpur, Pakistan
  9. Peshawar, Pakistan
  10. Bagpat, India
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T

Price, base: Dh840,000; Dh120,000

Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo

Transmission: Eight-speed automatic; seven-speed automatic

Power: 509hp @ 6,000rpm; 601hp @ 7,500rpm

Torque: 695Nm @ 2,000rpm; 760Nm @ 3,000rpm

Fuel economy, combined: 9.9L / 100km; 11.6L / 100km

Updated: January 17, 2023, 5:22 AM