Japanese Prime Minister Shinzō Abe, German Chancellor Angela Merkel, China’s Vice President Wang Qishan and New Zealand’s Prime Minister Jacinda Ardern will top the list of leaders gathering in Davos, Switzerland, next week.
Brazil's recently sworn-in President Jair Bolsonaro will also attend this year's World Economic Forum Annual Meeting, adding a high-profile representative for anti-globalisation voices to discussions aimed at creating a more inclusive economic future for all.
US President Donald Trump had scrapped his trip to the annual gathering because of the partial government shutdown, removing from the meeting in Davos the globe’s most prominent representative of those critical of how globalisation has left many behind, even as it created new wealthy classes in emerging economies.
Treasury Secretary Steve Mnuchin, Secretary of State Mike Pompeo, Commerce Secretary Wilbur Ross, and US Trade Representative Robert Lighthizer still plan to attend the forum, according to AP.
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Barham Salih, President of Iraq, Mohammad Ashraf Ghani, the President of Afghanistan, Zimbabwe’s President Emmerson Mnangagwa and Antonio Guterres, the Secretary-General of the United Nations will also be in Davos.
Microsoft’s chief executive, Satya Nadella, is a co-chair of this year’s meeting.
Bank chiefs, including Goldman Sachs’ David Solomon and HSBC’s John Flint, will be well represented as usual.
Among European royalty attending this year will be Britain’s Prince William.
The event, entitled ‘Globalisation 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution’, is aimed at helping to create a more inclusive future in the wake of an increasingly fragmented political landscape in developed countries.
Mr Bolsonaro, nicknamed the ‘Trump of the Tropics’, swept to victory in presidential elections in October off the back of a populist surge in Brazil, as he promised to be hard on crime and return the country to its “glorious period” of military dictatorship.
He has courted controversy with his personal views on race and homosexuality.
To be in Davos, Mr Bolsonaro put off abdominal surgery to remove a colostomy bag attached after he survived an election rally stabbing attack in September.
On Monday, he promised to showcase "a different Brazil, free of ideological ties and widespread corruption" at the Forum’s meeting, AFP said.
Half of the 3,006 attending the meeting will be actively participating in Davos, organisers said, reflecting a meeting that was not just a conference but “a collaborative effort” to meet some of today’s biggest challenges such as the future of job creation, social safety nets and balancing both the benefits and risks of technology.
Klaus Schwab, Founder and Executive Chairman of the Forum, said that 333 cabinet-level government members would be engaged in working sessions, running from Tuesday to Friday.
The dialogue aims to create mutual understanding on common interests, even if there are not common values in today’s worlds, to cover a “trust deficit”, Professor Schwab said.
“We see everybody absorbed by crisis management. Where do we look still at the future?” said Professor Schwab. “In Davos, we want to be more opportunity orientated. We deliberately take a longer-term view. We want to shape [the future]”
Currently, 95 per cent of all panels at the Forum’s annual meeting will have male and female representation, with an effort being made to get this up to 100 per cent.
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UAE currency: the story behind the money in your pockets
The biog
Place of birth: Kalba
Family: Mother of eight children and has 10 grandchildren
Favourite traditional dish: Al Harees, a slow cooked porridge-like dish made from boiled cracked or coarsely ground wheat mixed with meat or chicken
Favourite book: My early life by Sheikh Dr Sultan bin Muhammad Al Qasimi, the Ruler of Sharjah
Favourite quote: By Sheikh Zayed, the UAE's Founding Father, “Those who have no past will have no present or future.”
UAE currency: the story behind the money in your pockets
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
HOW TO WATCH
Facebook: TheNationalNews
Twitter: @thenationalnews
Instagram: @thenationalnews.com
TikTok: @thenationalnews
UAE currency: the story behind the money in your pockets
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
'The Last Days of Ptolemy Grey'
Rating: 3/5
Directors: Ramin Bahrani, Debbie Allen, Hanelle Culpepper, Guillermo Navarro
Writers: Walter Mosley
Stars: Samuel L Jackson, Dominique Fishback, Walton Goggins
THE TWIN BIO
Their favourite city: Dubai
Their favourite food: Khaleeji
Their favourite past-time : walking on the beach
Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
WEST ASIA RUGBY 2017/18 SEASON ROLL OF HONOUR
Western Clubs Champions League
Winners: Abu Dhabi Harlequins
Runners up: Bahrain
Dubai Rugby Sevens
Winners: Dubai Exiles
Runners up: Jebel Ali Dragons
West Asia Premiership
Winners: Jebel Ali Dragons
Runners up: Abu Dhabi Harlequins
UAE Premiership Cup
Winners: Abu Dhabi Harlequins
Runners up: Dubai Exiles
UAE Premiership
Winners: Dubai Exiles
Runners up: Abu Dhabi Harlequins
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
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 4.4-litre V8
Transmission: Automatic
Power: 530bhp
Torque: 750Nm
Price: Dh535,000
On sale: Now
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Brief scores:
Everton 0
Leicester City 1
Vardy 58'
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
