• World Economic Forum delegates arrive at the Davos Congress Centre in Switzerland, on Monday. Reuters
    World Economic Forum delegates arrive at the Davos Congress Centre in Switzerland, on Monday. Reuters
  • Solar panels on the rooftop of the centre. Bloomberg
    Solar panels on the rooftop of the centre. Bloomberg
  • Swiss police on duty in the Swiss resort town. Reuters
    Swiss police on duty in the Swiss resort town. Reuters
  • A traffic jam on a road leading to the venue of the forum. Reuters
    A traffic jam on a road leading to the venue of the forum. Reuters
  • The Davos Congress Centre is the venue of the WEF's Annual Meeting. Reuters
    The Davos Congress Centre is the venue of the WEF's Annual Meeting. Reuters
  • Visitors queue outside Ukraine's pavilion in Davos. Reuters
    Visitors queue outside Ukraine's pavilion in Davos. Reuters
  • Police officers on patrol. Bloomberg
    Police officers on patrol. Bloomberg
  • A police officer stands guards and keeps a watchful eye from the roof of a nearby hotel. AP
    A police officer stands guards and keeps a watchful eye from the roof of a nearby hotel. AP
  • Equipment at the Arctic Basecamp pavilion is checked before the start of the forum. Bloomberg
    Equipment at the Arctic Basecamp pavilion is checked before the start of the forum. Bloomberg
  • All eyes will be on Ursula von der Leyen, the European Commission President, who will deliver the first major address to this year's forum on Tuesday. Photo: WEF
    All eyes will be on Ursula von der Leyen, the European Commission President, who will deliver the first major address to this year's forum on Tuesday. Photo: WEF
  • The Russia-Ukraine war is one that is on the mind of officials and executives attending the WEF's Annual Meeting in Davos. Photo: WEF
    The Russia-Ukraine war is one that is on the mind of officials and executives attending the WEF's Annual Meeting in Davos. Photo: WEF
  • Another shadow cast over Davos this week is that of the global economy, with the World Bank cutting its growth outlook for 2023. Photo: WEF
    Another shadow cast over Davos this week is that of the global economy, with the World Bank cutting its growth outlook for 2023. Photo: WEF
  • Officials and economists are expected to assess the severity of an expected global recession and find ways to mitigate its impact. Photo: WEF
    Officials and economists are expected to assess the severity of an expected global recession and find ways to mitigate its impact. Photo: WEF
  • Issues such as soaring food and energy prices worldwide and the outlook for Europe's economy will be front and centre. Photo: WEF
    Issues such as soaring food and energy prices worldwide and the outlook for Europe's economy will be front and centre. Photo: WEF
  • Another key feature is the presence in full of major technology companies. Photo: WEF
    Another key feature is the presence in full of major technology companies. Photo: WEF
  • Tech executives are expected to highlight their companies' potential amid questions about the financial woes they faced last year. Photo: WEF
    Tech executives are expected to highlight their companies' potential amid questions about the financial woes they faced last year. Photo: WEF
  • A visitor tries out a virtual reality headset at a pavilion before the start of the forum's Annual Meeting. Bloomberg
    A visitor tries out a virtual reality headset at a pavilion before the start of the forum's Annual Meeting. Bloomberg
  • Security guards stand at an entrance to an inflatable tunnel at the venue in Davos. Bloomberg
    Security guards stand at an entrance to an inflatable tunnel at the venue in Davos. Bloomberg
  • People walk in front of the Davos Congress Centre on Sunday. AP
    People walk in front of the Davos Congress Centre on Sunday. AP
  • A display of artificial coral inside the Davos Congress Centre. AP
    A display of artificial coral inside the Davos Congress Centre. AP
  • A banner above the steps to the Davos Congress Centre. AP
    A banner above the steps to the Davos Congress Centre. AP
  • Police officers patrol the Davos Congress Centre in Davos. EPA
    Police officers patrol the Davos Congress Centre in Davos. EPA
  • A sign goes up in the main hall of the Davos Congress Centre on Sunday. EPA
    A sign goes up in the main hall of the Davos Congress Centre on Sunday. EPA
  • This will be the first full in-person meeting of the WEF since Covid-19 crippled much of global conferencing activity. EPA
    This will be the first full in-person meeting of the WEF since Covid-19 crippled much of global conferencing activity. EPA
  • Preparations in the main hall on Sunday. EPA
    Preparations in the main hall on Sunday. EPA
  • This year’s Davos theme is 'Co-operation in a fragmented world'. Photo: WEF
    This year’s Davos theme is 'Co-operation in a fragmented world'. Photo: WEF
  • There will probably be concerns on the outlook for cryptocurrencies after the collapse of FTX. Photo: WEF
    There will probably be concerns on the outlook for cryptocurrencies after the collapse of FTX. Photo: WEF
  • Delegates are also expected to discuss concerns about a new wave of Covid-19 variants. Photo: WEF
    Delegates are also expected to discuss concerns about a new wave of Covid-19 variants. Photo: WEF
  • This is the 52nd Annual Meeting hosted by the forum. Photo: WEF
    This is the 52nd Annual Meeting hosted by the forum. Photo: WEF
  • Staff put the final touches to one of the conference halls in Davos. Photo: WEF
    Staff put the final touches to one of the conference halls in Davos. Photo: WEF

Davos summit to grapple with double shock of war and energy crisis


Mina Al-Oraibi
  • English
  • Arabic

“The question is, when will this war end?” This was what a senior official at a multilateral organisation asked me as I bumped into him walking up the Davos promenade on Sunday, on the eve of the start of the World Economic Forum’s Annual Meeting.

The question is one that is on the mind of officials and heads of businesses and banks as the one year anniversary of the Ukraine war is fast approaching. The question will not be answered in Davos this week, but will cast a shadow over the gathering.

From the impact on energy markets to issues of food security, the war will continue to shape the year. However, with Russia absent from the meetings, and with a strong Ukrainian and European presence, discussions will be focused largely on maintaining support for Kyiv. The Ukrainian first lady, Olena Zelenska, will participate in an online session run by the Victor Pinchuk Foundation, while a number of Ukrainian representatives are expected to be in sessions and events.

Another shadow cast over the Alpine town this week is that of the global economy, with the World Bank cutting its growth outlook for 2023 to 1.7 per cent last week, there are concerns over how the coming months will develop. While crypto is much more muted this year compared to the past few years, big banks are here in full force.

They will not be hosting ostentatious parties or displaying too much optimism as living costs rise in much of the world. In its own Global Risks Report, the World Economic Forum’s survey of global experts showed that the “cost of living crisis” is expected to be the greatest risk facing the world in the coming two years, followed by “natural disasters and extreme weather”.

However, over the next 10 years, experts see “failure to mitigate climate change” and “failure of climate change adaptation” as the two greatest risks. Climate change and the need for action has been a theme at the Annual Meeting in Davos for several years now, when Al Gore was the most vocal political voice on the issue. Now, it is one that is seen throughout the programme of this week’s meeting, with eyes set on the UAE hosting Cop28 later this year.

Another key feature ahead of the start of the Annual Meeting on Monday night is the presence in full of major tech companies. From Microsoft and Meta to Amazon and Zoom, tech executives are in town to show their companies’ potential while questions abound about the financial woes some big tech names faced last year.

This will be the first full in-person meeting of the World Economic Forum since Covid-19 crippled much of global conferencing activity. And while Covid-19 testing continues for all delegates, and participants are asked to remain at home if they are unwell, the sense is that this meeting is an opportunity to look past Covid-19 and towards the future. As China slowly opens up, and economies contend with more uncertainties, from automation to stagnation, this year’s will be an even more telling Davos Annual Meeting.

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Rawat Al Reef, Adrie de Vries (jockey), Abdallah Al Hammadi (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m; Winner: Noof KB, Richard Mullen, Ernst Oertel

6pm: Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Seven Skies, Bernardo Pinheiro, Qaiss Aboud

6.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Jabalini, Szczepan Mazur, Ibrahim Al Hadhrami

7pm: UAE Arabian Derby – Prestige (PA) Dh150,000 (T) 2,200m; Winner: Dergham Athbah, Richard Mullen, Mohamed Daggash

7.30pm: Emirates Championship – Group 1 (PA) Dh1,000,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: Abu Dhabi Championship – Group 3 (TB) Dh380,000 (T) 2,200m; Winner: Irish Freedom, Antonio Fresu, Satish Seemar

The five pillars of Islam
UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2041mm%2C%20352%20x%20430%3B%2045mm%2C%20396%20x%20484%3B%20Retina%20LTPO%20OLED%2C%20up%20to%201000%20nits%2C%20always-on%3B%20Ion-X%20glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20S8%2C%20W3%20wireless%2C%20U1%20ultra-wideband%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%2032GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%201GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20watchOS%209%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20metrics%3A%3C%2Fstrong%3E%203rd-gen%20heart%20rate%20sensor%2C%20temperature%20sensing%2C%20ECG%2C%20blood%20oxygen%2C%20workouts%2C%20fall%2Fcrash%20detection%3B%20emergency%20SOS%2C%20international%20emergency%20calling%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20GPS%2FGPS%20%2B%20cellular%3B%20Wi-Fi%2C%20LTE%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP6X%2C%20water%20resistant%20up%20to%2050m%2C%20dust%20resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20308mAh%20Li-ion%2C%20up%20to%2018h%2C%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20eSIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinishes%3A%3C%2Fstrong%3E%20Aluminium%20%E2%80%93%20midnight%2C%20Product%20Red%2C%20silver%2C%20starlight%3B%20stainless%20steel%20%E2%80%93%20gold%2C%20graphite%2C%20silver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Watch%20Series%208%2C%20magnetic-to-USB-C%20charging%20cable%2C%20band%2Floop%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starts%20at%20Dh1%2C599%20(41mm)%20%2F%20Dh1%2C999%20(45mm)%3C%2Fp%3E%0A
'Midnights'
%3Cp%3E%3Cstrong%3EArtist%3A%3C%2Fstrong%3E%20Taylor%20Swift%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELabel%3A%3C%2Fstrong%3E%20Republic%20Records%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Voy!%20Voy!%20Voy!
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ENGLAND SQUAD

Joe Root (c), Moeen Ali, Jimmy Anderson, Jonny Bairstow, Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Ollie Pope, Adil Rashid, Ben Stokes, James Vince, Chris Woakes

UAE currency: the story behind the money in your pockets
MATCH INFO

Barcelona 2
Suarez (10'), Messi (52')

Real Madrid 2
Ronaldo (14'), Bale (72')

Sri Lanka squad

Dinesh Chandimal, Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Angelo Mathews, Lahiru Thirimanne, Niroshan Dickwella, Sadeera Samarawickrama, Rangana Herath, Suranga Lakmal, Nuwan Pradeep, Lakshan Sandakan, Vishwa Fernando, Lahiru Kumara, Jeffrey Vandersay, Milinda Siriwardana, Roshen Silva, Akila Dananjaya, Charith Asalanka, Shaminda Eranga and Dhammika Prasad.

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

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Updated: January 15, 2023, 5:50 PM