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Beyond the Headlines: Quest on the global economy at Davos

CNN's Richard Quest joins The National's Mina Al-Oraibi at Davos to talk about the ups and downs in store for 2023

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Mustafa Alrawi
Mustafa Alrawi
Davos

January 20, 2023

  • English
  • Arabic

Thousands of business leaders, policymakers, experts, heads of government and state have gathered once again in a snowy Swiss mountain resort in January.

There are crises affecting different parts of the world — the war in Ukraine, the impact of climate change and the weakening global economic outlook.

Lawrence Summers, president emeritus and professor at Harvard University, speaks during a panel session on day three of the World Economic Forum's Annual Meeting in Davos, Switzerland. Bloomberg
Lawrence Summers, president emeritus and professor at Harvard University, speaks during a panel session on day three of the World Economic Forum's Annual Meeting in Davos, Switzerland. Bloomberg
Netherlands Prime Minister Mark Rutte and Tanzanian President Samia Hassan during a panel discussion in Davos. AP
Netherlands Prime Minister Mark Rutte and Tanzanian President Samia Hassan during a panel discussion in Davos. AP
EU Parliament President Roberta Metsola speaks at the forum. AP
EU Parliament President Roberta Metsola speaks at the forum. AP
Greek Prime Minister Kyriakos Mitsotakis, left, speaks to CNN journalist Fareed Zakaria at the Congress Centre in Davos. AFP
Greek Prime Minister Kyriakos Mitsotakis, left, speaks to CNN journalist Fareed Zakaria at the Congress Centre in Davos. AFP
Iranian-American journalist and women's rights activist Masih Alinejad takes part in an interview with a TV news channel in Davos. AFP
Iranian-American journalist and women's rights activist Masih Alinejad takes part in an interview with a TV news channel in Davos. AFP
Mr Mitsotakis is seen on a TV camera viewfinder at the Congress Centre in Davos. AFP
Mr Mitsotakis is seen on a TV camera viewfinder at the Congress Centre in Davos. AFP
Faisal Alibrahim, Saudi Arabia's Economy and Planning Minister, speaks during a panel session in Davos. Bloomberg
Faisal Alibrahim, Saudi Arabia's Economy and Planning Minister, speaks during a panel session in Davos. Bloomberg
Climate activist Greta Thunberg addresses journalists in Davos. Reuters
Climate activist Greta Thunberg addresses journalists in Davos. Reuters
Mary Erdoes, chief executive of JP Morgan Chase's asset wealth management arm, listens during a panel session in Davos. Bloomberg
Mary Erdoes, chief executive of JP Morgan Chase's asset wealth management arm, listens during a panel session in Davos. Bloomberg
Officials take part in the World Economic Forum's Busting Business Barriers session. Photo: World Economic Forum
Officials take part in the World Economic Forum's Busting Business Barriers session. Photo: World Economic Forum
Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, is among the senior officials in Davos. Photo: WEF
Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, is among the senior officials in Davos. Photo: WEF
Former US vice president Al Gore, who is also a member of board of trustees of the forum, at a session titled Leading the Charge through Earth's New Normal. Photo: WEF
Former US vice president Al Gore, who is also a member of board of trustees of the forum, at a session titled Leading the Charge through Earth's New Normal. Photo: WEF
Famed cellist Yo-Yo Ma performs at the event. Photo: WEF
Famed cellist Yo-Yo Ma performs at the event. Photo: WEF
Deemah Al Yahya, secretary general of the Digital Co-operation Organisation in Saudi Arabia, at the forum's Turning Technologies into the Markets of Tomorrow session. Photo: WEF
Deemah Al Yahya, secretary general of the Digital Co-operation Organisation in Saudi Arabia, at the forum's Turning Technologies into the Markets of Tomorrow session. Photo: WEF
US climate change envoy John Kerry at the Keeping the Pace on Climate session. Photo: WEF
US climate change envoy John Kerry at the Keeping the Pace on Climate session. Photo: WEF
Shoes worn by Rodrigo Oliveira, founder of Brazilian group Green Mining, emphasise support for environmental initiatives. Photo: WEF
Shoes worn by Rodrigo Oliveira, founder of Brazilian group Green Mining, emphasise support for environmental initiatives. Photo: WEF
Mina Al-Oraibi, Editor in Chief of The National, moderates a session on the Middle East that featured Prince Faisal bin Farhan, Saudi Arabia's Minister of Foreign Affairs. Photo: WEF
Mina Al-Oraibi, Editor in Chief of The National, moderates a session on the Middle East that featured Prince Faisal bin Farhan, Saudi Arabia's Minister of Foreign Affairs. Photo: WEF
Officials and delegates take part in the Middle East: Meeting Point or Battleground? session. Photo: WEF
Officials and delegates take part in the Middle East: Meeting Point or Battleground? session. Photo: WEF
Polish President Andrzej Duda speaks at the Restoring Security and Peace session. Photo: WEF
Polish President Andrzej Duda speaks at the Restoring Security and Peace session. Photo: WEF
Mr Duda, Nato chief Jens Stoltenberg, Canada's Deputy Prime Minister Chrystia Freeland, Yuliia Svyrydenko, first deputy prime minister in Ukraine, and US Director of National Intelligence Avril Haines attend a session hosted by broadcaster Fareed Zakaria. Photo: WEF
Mr Duda, Nato chief Jens Stoltenberg, Canada's Deputy Prime Minister Chrystia Freeland, Yuliia Svyrydenko, first deputy prime minister in Ukraine, and US Director of National Intelligence Avril Haines attend a session hosted by broadcaster Fareed Zakaria. Photo: WEF
Olena Zelenska, Ukraine's first lady, watches as Ukrainian President Volodymyr Zelenskyy addresses the forum. Photo: WEF
Olena Zelenska, Ukraine's first lady, watches as Ukrainian President Volodymyr Zelenskyy addresses the forum. Photo: WEF
Mohamad Al Ississ, Jordan's Minister of Finance, takes part in the session titled The Middle East: Meeting Point or Battleground? Photo: WEF
Mohamad Al Ississ, Jordan's Minister of Finance, takes part in the session titled The Middle East: Meeting Point or Battleground? Photo: WEF
Mr Zelenskyy gives a video address to the forum in Davos. AFP
Mr Zelenskyy gives a video address to the forum in Davos. AFP
Former US secretary of state Henry Kissinger appears on screen during the annual meeting of the World Economic Forum, in Davos. AP
Former US secretary of state Henry Kissinger appears on screen during the annual meeting of the World Economic Forum, in Davos. AP
US governors Brian Kemp and JB Pritzker, senators Chris Coons, Joe Manchin and Kyrsten Sinema and representatives Maria Salazar and Mikie Sherrill take part in a panel discussion at Davos. AP
US governors Brian Kemp and JB Pritzker, senators Chris Coons, Joe Manchin and Kyrsten Sinema and representatives Maria Salazar and Mikie Sherrill take part in a panel discussion at Davos. AP
Saudi Foreign Minister Prince Faisal bin Farhan attends a session in Davos. AFP
Saudi Foreign Minister Prince Faisal bin Farhan attends a session in Davos. AFP
Chinese Vice Premier Liu He on the opening day of the forum. Bloomberg
Chinese Vice Premier Liu He on the opening day of the forum. Bloomberg
Fifa president Gianni Infantino, left, and Patrice Motsepe, billionaire founder of African Rainbow Minerals, arrive at the forum's venue in Davos. EPA
Fifa president Gianni Infantino, left, and Patrice Motsepe, billionaire founder of African Rainbow Minerals, arrive at the forum's venue in Davos. EPA
Finland's Prime Minister Sanna Marin, right, is interviewed by Fareed Zakaria in Davos. AP
Finland's Prime Minister Sanna Marin, right, is interviewed by Fareed Zakaria in Davos. AP
Delegates visit the refreshments area between sessions in Davos. Bloomberg
Delegates visit the refreshments area between sessions in Davos. Bloomberg
Singer Angelique Kidjo performs in Davos. EPA
Singer Angelique Kidjo performs in Davos. EPA
From left, WEF founder Klaus Schwab, European Commission President Ursula von der Leyen, Ukrainian first lady Olena Zelenska and Swiss President Alain Berset pose together during the 53rd annual meeting of the forum in Davos. EPA
From left, WEF founder Klaus Schwab, European Commission President Ursula von der Leyen, Ukrainian first lady Olena Zelenska and Swiss President Alain Berset pose together during the 53rd annual meeting of the forum in Davos. EPA
Ms Zelenska hit out at Russia and said 'we cannot allow a new Chernobyl to happen'. AFP
Ms Zelenska hit out at Russia and said 'we cannot allow a new Chernobyl to happen'. AFP
Mr Berset addresses delegates in Davos. EPA
Mr Berset addresses delegates in Davos. EPA
Ms von der Leyen said the 27-nation bloc would become much more forceful in countering unfair trading practices. Reuters
Ms von der Leyen said the 27-nation bloc would become much more forceful in countering unfair trading practices. Reuters
Ferdinand Marcos, President of the Philippines, arrives to attend a session in Davos. AP
Ferdinand Marcos, President of the Philippines, arrives to attend a session in Davos. AP
Former US vice president Al Gore is expected to discuss decarbonisation, as well as efforts to build clean energy infrastructure and ensure equitable growth. EPA
Former US vice president Al Gore is expected to discuss decarbonisation, as well as efforts to build clean energy infrastructure and ensure equitable growth. EPA
From second left, WEF president Borge Brende, Carbon Direct vice chairwoman Nili Gilbert and US climate envoy John Kerry with other delegates in Davos. EPA
From second left, WEF president Borge Brende, Carbon Direct vice chairwoman Nili Gilbert and US climate envoy John Kerry with other delegates in Davos. EPA
Credit Suisse chairman Axel Lehmann speaks during the 53rd WEF Annual Meeting. EPA
Credit Suisse chairman Axel Lehmann speaks during the 53rd WEF Annual Meeting. EPA
DP World chief executive Sultan bin Sulayem in Davos. Bloomberg
DP World chief executive Sultan bin Sulayem in Davos. Bloomberg
UBS chief executive Ralph Hamers speaks during a television interview on the opening day of the forum. Bloomberg
UBS chief executive Ralph Hamers speaks during a television interview on the opening day of the forum. Bloomberg
From left, Hong Kong Exchanges & Clearing Ltd chairwoman Laura Cha, Banco de Portugal Governor Mario Centeno, Bloomberg TV anchor Francine Lacqua, Credit Suisse chairman Axel Lehmann and S&P Global president and chief executive Douglas Peterson during a panel session on the opening day of the forum. Bloomberg
From left, Hong Kong Exchanges & Clearing Ltd chairwoman Laura Cha, Banco de Portugal Governor Mario Centeno, Bloomberg TV anchor Francine Lacqua, Credit Suisse chairman Axel Lehmann and S&P Global president and chief executive Douglas Peterson during a panel session on the opening day of the forum. Bloomberg
Mr Kerry delivers a speech at the Congress Centre in Davos. AFP
Mr Kerry delivers a speech at the Congress Centre in Davos. AFP
Musicians take part in a concert during the official opening of the forum. Photo: WEF
Musicians take part in a concert during the official opening of the forum. Photo: WEF
Jordanian vocalist Farah Siraj, centre, and Egyptian-Australian multi-instrumentalist Joseph Tawadros, left, perform during the I Sea You concert. Photo: WEF
Jordanian vocalist Farah Siraj, centre, and Egyptian-Australian multi-instrumentalist Joseph Tawadros, left, perform during the I Sea You concert. Photo: WEF
Tawadros is one of the world's leading oud performers and composers. Photo: WEF
Tawadros is one of the world's leading oud performers and composers. Photo: WEF
WEF managing director Alois Zwinggi speaks during a session called 'In Harmony with Nature'. Photo: WEF
WEF managing director Alois Zwinggi speaks during a session called 'In Harmony with Nature'. Photo: WEF
Gail Whiteman, left, a professor of sustainability at the University of Exeter Business School, speaks during the 'In Harmony with Nature' panel discussion. Photo: WEF
Gail Whiteman, left, a professor of sustainability at the University of Exeter Business School, speaks during the 'In Harmony with Nature' panel discussion. Photo: WEF
Mr Schwab delivers a speech during the 'Crystal Award' ceremony in Davos. AFP
Mr Schwab delivers a speech during the 'Crystal Award' ceremony in Davos. AFP
Actor Idris Elba, right, and his wife Sabrina Dhowre Elba, left, smile on the podium during the Crystal Award ceremony. AP
Actor Idris Elba, right, and his wife Sabrina Dhowre Elba, left, smile on the podium during the Crystal Award ceremony. AP
Kyiv Mayor Vitali Klitschko attends the Crystal Award ceremony. EPA
Kyiv Mayor Vitali Klitschko attends the Crystal Award ceremony. EPA
Singer Renee Fleming, right, receives a Crystal Award from Hilde Schwab, wife of WEF founder Klaus Schwab. AP
Singer Renee Fleming, right, receives a Crystal Award from Hilde Schwab, wife of WEF founder Klaus Schwab. AP
Delegates at the welcome reception before the official start of the forum. Bloomberg
Delegates at the welcome reception before the official start of the forum. Bloomberg
Food for attendees at the welcome reception. Bloomberg
Food for attendees at the welcome reception. Bloomberg
A kiosk serving hot chocolate from the UAE at the forum. Bloomberg
A kiosk serving hot chocolate from the UAE at the forum. Bloomberg
The Infosys pavilion at the forum. Bloomberg
The Infosys pavilion at the forum. Bloomberg
Ukraine's pavilion in Davos. Reuters
Ukraine's pavilion in Davos. Reuters
Swiss police officers on patrol in Davos. Reuters
Swiss police officers on patrol in Davos. Reuters
From left, German Vice Chancellor Robert Habeck with Swiss ministers Guy Parmelin and Albert Roesti before the start of a bilateral meeting in Davos. EPA
From left, German Vice Chancellor Robert Habeck with Swiss ministers Guy Parmelin and Albert Roesti before the start of a bilateral meeting in Davos. EPA
A delegate passes a digital display in Davos. Bloomberg
A delegate passes a digital display in Davos. Bloomberg

But other regions, such as the Middle East, are looking at the opportunities from a world in transition.

In this special episode of Beyond the Headlines at the World Economic Forum's Annual Meeting in Davos, host Mustafa Alrawi is highlighting the main discussions of the forum with The National’s editor in chief Mina Al-Oraibi and CNN’s international correspondent and anchor Richard Quest.

UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.4-litre%2C%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E617hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh630%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Mohammed bin Zayed Majlis
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Tomorrow 2021
Tomorrow 2021
More from Rashmee Roshan Lall
More on this story
KILLING OF QASSEM SULEIMANI
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Clinicy%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Prince%20Mohammed%20Bin%20Abdulrahman%2C%20Abdullah%20bin%20Sulaiman%20Alobaid%20and%20Saud%20bin%20Sulaiman%20Alobaid%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Riyadh%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2025%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20HealthTech%3Cbr%3E%3Cstrong%3ETotal%20funding%20raised%3A%3C%2Fstrong%3E%20More%20than%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Middle%20East%20Venture%20Partners%2C%20Gate%20Capital%2C%20Kafou%20Group%20and%20Fadeed%20Investment%3C%2Fp%3E%0A
While you're here
UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • 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

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

UAE currency: the story behind the money in your pockets

Reputation

Taylor Swift

(Big Machine Records)

The specs: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km

Ireland v Denmark: The last two years

Denmark 1-1 Ireland 

7/06/19, Euro 2020 qualifier 

Denmark 0-0 Ireland

19/11/2018, Nations League

Ireland 0-0 Denmark

13/10/2018, Nations League

Ireland 1 Denmark 5

14/11/2017, World Cup qualifier

Denmark 0-0 Ireland

11/11/2017, World Cup qualifier

 

 

 

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
India squad for fourth and fifth Tests

Kohli (c), Dhawan, Rahul, Shaw, Pujara, Rahane (vc), Karun, Karthik (wk), Pant (wk), Ashwin, Jadeja, Pandya, Ishant, Shami, Umesh, Bumrah, Thakur, Vihari

Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

While you're here
Updated: January 23, 2023, 3:53 AM`
Beyond the HeadlinesPodcastDavos 2025Economy

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