Founder and Executive Chairman of the World Economic Forum, Klaus Schwab, at the 55th annual World Economic Forum meeting EPA / Michael Buholzer
Founder and Executive Chairman of the World Economic Forum, Klaus Schwab, at the 55th annual World Economic Forum meeting EPA / Michael Buholzer
Founder and Executive Chairman of the World Economic Forum, Klaus Schwab, at the 55th annual World Economic Forum meeting EPA / Michael Buholzer
Founder and Executive Chairman of the World Economic Forum, Klaus Schwab, at the 55th annual World Economic Forum meeting EPA / Michael Buholzer

Postcard from Davos: Will ‘intelligent age’ offer solutions or increase inequality further?


Mina Al-Oraibi
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The “intelligent age” being touted at the Annual Meeting of the World Economic Forum this week is being met with very immediate challenges – political polarisation and increasingly nationalist political agendas.

With decades-long crises like the occupation of Palestine and wealth inequality, the intelligent age should present solutions, but the fear is that it will widen the disparity.

The Davos meeting was in full swing on Tuesday. In his opening address, WEF president Borge Brende reminded participants that “we can only address challenges together … we need to find more effective ways for working together”.

And while one of the themes this year is “developing pathways for greater co-operation”, WEF chairman Klaus Schwab acknowledged that the world is “in search of a new balance between global needs and national interests”. National and corporate interests are both challenging that need, particularly when it comes to inequality.

Microsoft’s president of research Peter Lee gave a refreshingly honest and open answer as to why AI applications for healthcare diagnosis are not applied on mass scale, stating in a session that “business expectations” are not aligned.

That lack of alignment is in reference to a focus on prioritising revenue generation.

And yet there are incredible opportunities presented by technological advancements, including in health care and scientific development, which Mr Lee said would include “learning nature’s language” and knowing more about its capacities.

Mr Schwab spoke of a “new renaissance with advancements in technology, health, culture and more”.

Yet the renaissance is also met with fears from many that the speed of change may leave them behind. Mohamed Kande, PwC’s global chairman, addressed this challenge by saying access to technology across countries and societies, in addition to upskilling workforces, will change the way work and society is organised.

Meanwhile, Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman took part in two public sessions on Tuesday, talking about the success of mediation in reaching a Gaza ceasefire, and collaboration between different mediators and actors.

“We feel sorry for the time wasted” getting to the ceasefire, saying the agreement was the same as what had been proposed in December 2023. He stressed the importance to avoid wasting further time.

The appeal to avoid wasting time that can affect lives directly – from the Middle East to global co-operation to tackle climate change – is one that leaders at the World Economic Forum would do well to heed.

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Benefits of first-time home buyers' scheme
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  • Mortgages with better interest rates, faster approval times and reduced fees
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UAE currency: the story behind the money in your pockets
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

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Afghanistan fixtures
  • v Australia, today
  • v Sri Lanka, Tuesday
  • v New Zealand, Saturday,
  • v South Africa, June 15
  • v England, June 18
  • v India, June 22
  • v Bangladesh, June 24
  • v Pakistan, June 29
  • v West Indies, July 4

Rainbow

Kesha

(Kemosabe)

UAE currency: the story behind the money in your pockets
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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.

Part three: an affection for classic cars lives on

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

Read part one: how cars came to the UAE

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
WandaVision

Starring: Elizabeth Olsen, Paul Bettany

Directed by: Matt Shakman

Rating: Four stars

While you're here

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

Pakistan squad

Sarfraz (c), Zaman, Imam, Masood, Azam, Malik, Asif, Sohail, Shadab, Nawaz, Ashraf, Hasan, Amir, Junaid, Shinwari and Afridi

Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

Sweet%20Tooth
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Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

Results

2pm: Handicap Dh 90,000 1,800m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).

2.30pm: Handicap Dh120,000 1,950m; Winner: Just A Penny, Sam Hitchcott, Doug Watson.

3pm: Handicap Dh105,000 1,600m; Winner: Native Appeal, Pat Dobbs, Doug Watson.

3.30pm: Jebel Ali Classic Conditions Dh300,000 1,400m; Winner: Thegreatcollection, Adrie de Vries, Doug Watson.

4pm: Maiden Dh75,000 1,600m; Winner: Oktalgano, Xavier Ziani, Salem bin Ghadayer.

4.30pm: Conditions Dh250,000 1,400m; Winner: Madame Ellingtina, Richard Mullen, Satish Seemar.

5pm: Maiden Dh75,000 1,600m; Winner: Mystery Land, Fabrice Veron, Helal Al Alawi.

5.30pm: Handicap Dh85,000 1,000m; Winner: Shanaghai City, Jesus Rosales, Rashed Bouresly.

Updated: January 22, 2025, 2:18 AM`