A police officer takes position on a roof ahead of the annual meeting of the World Economic Forum. Nearly 1,600 business leaders, as well as 60 heads of state and government, will gather at the Swiss resort this week. Reuters
A police officer takes position on a roof ahead of the annual meeting of the World Economic Forum. Nearly 1,600 business leaders, as well as 60 heads of state and government, will gather at the Swiss resort this week. Reuters
A police officer takes position on a roof ahead of the annual meeting of the World Economic Forum. Nearly 1,600 business leaders, as well as 60 heads of state and government, will gather at the Swiss resort this week. Reuters
A police officer takes position on a roof ahead of the annual meeting of the World Economic Forum. Nearly 1,600 business leaders, as well as 60 heads of state and government, will gather at the Swiss


Davos 2024 will set the tone for a turbulent year


  • English
  • Arabic

January 16, 2024

If there is a defining motif for our troubled times, it is the way in which we can watch a collection of global crises play out in real time. Thanks to modern communication modes and technology, it is possible to follow renewed war in the Middle East, rising political polarisation and the malign effects of climate change as they unfold. This creates an understandable desire to see something be done about it – and quickly.

But, as Chinese general Sun Tzu observed in the 6th century BC, tactics without strategy is the noise before defeat. Policies that lack precision or direction are almost as bad as inaction. That is why critical conversations that bring together influential and informed figures to set an agenda for action remain essential. The World Economic Forum’s annual meeting that is underway in Davos, Switzerland, is one such global brainstorming session.

Over the next four days, nearly 1,600 business leaders, including 60 heads of state and government, 800 chief executives, media leaders and 200 social entrepreneurs and youth leaders will focus on burning issues and make the kind of connections that might not be possible in more politicised or decision-oriented forums. A possible meeting between Ukrainian President Volodymyr Zelenskyy and a delegation from China, for example, could be an important one for breaking the deadlock between Ukraine and Russia.

Ukrainian President Volodymyr Zelenskyy arrives at Zurich airport on Monday. A possible meeting between Mr Zelenskyy and a delegation from China at Davos could be an important one for breaking the deadlock in the damaging conflict with Russia. AFP
Ukrainian President Volodymyr Zelenskyy arrives at Zurich airport on Monday. A possible meeting between Mr Zelenskyy and a delegation from China at Davos could be an important one for breaking the deadlock in the damaging conflict with Russia. AFP

The range of topics at Davos this year – the global economy, the rise of AI, the threat posed by disinformation, and the green agenda – speaks to the meeting’s ambition. But Davos is part of a wider diplomatic whole that includes other gatherings, such as annual summits held by the Brics nations, the G20, or other imperfect-yet-indispensable bodies, such as the UN.

Nonetheless, Davos often sets the tone for the rest of the year – one that will witness dozens of national elections. The event also has the potential to maintain momentum on previous international wins. A successful Cop28 climate change summit in the UAE became a historic milestone in the transition to a green economy; this week’s important convergence of political and business figures at Davos can help further develop that agenda.

Much of what will be discussed at Davos has particular relevance for the Middle East. Even though there is no Palestinian political presence at Davos, many regional leaders are present and actively engaged in this week’s agenda. Many in the region will be watching closely to see what innovative thinking could emerge on political instability and conflict; economic diversification and sustainability; climate change and water scarcity; health care and other social challenges. Another key area of focus will be AI. The excitement generated by this technology is palpable, but the risks are many. Aside from the threats posed by disinformation – as the WEF’s Global Risks Report outlined last week – if AI is used in a way that exacerbates global inequalities, the consequences could be severe.

In a world that’s come to be defined by crisis and anxiety, impatience to see something being done is rife. But it is exactly the urgency and interconnectedness of all these issues that make the need for dialogue more pressing than ever.

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Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

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INDIA SQUAD

Virat Kohli (capt), Rohit Sharma, Shikhar Dhawan, KL Rahul, Vijay Shankar, MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik, Yuzvendra Chahal, Kuldeep Yadav, Bhuvneshwar Kumar, Jasprit Bumrah, Hardik Pandya, Ravindra Jadeja, Mohammed Shami

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

MATCH INFO

Uefa Champions League quarter-final, second leg (first-leg score):

Manchester City (0) v Tottenham Hotspur (1), Wednesday, 11pm UAE

Match is on BeIN Sports

UAE currency: the story behind the money in your pockets
Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

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RESULTS
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Secret Pigeon Service: Operation Colomba, Resistance and the Struggle to Liberate Europe
Gordon Corera, Harper Collins

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
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  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
FROM%20THE%20ASHES
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The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Players Selected for La Liga Trials

U18 Age Group
Name: Ahmed Salam (Malaga)
Position: Right Wing
Nationality: Jordanian

Name: Yahia Iraqi (Malaga)
Position: Left Wing
Nationality: Morocco

Name: Mohammed Bouherrafa (Almeria)
Position: Centre-Midfield
Nationality: French

Name: Mohammed Rajeh (Cadiz)
Position: Striker
Nationality: Jordanian

U16 Age Group
Name: Mehdi Elkhamlichi (Malaga)
Position: Lead Striker
Nationality: Morocco

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Book%20Details
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About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

Updated: January 17, 2024, 10:06 AM`