700 future-gazers talk robots and revolutions at World Economic Forum in Dubai

1 / 2
Participants attend the session ‘People and Mobility in 2030’ at the World Economic Forum meeting in Dubai on Saturday. (WEF/ Benedikt von Loebell)
2 / 2
Mohammed Abdulla Al-Gergawi, UAE Minister of Cabinet Affairs and the Future, said that disruptive technologies could be a force for good despite the challenges they sometimes represent. (Photo courtesy social media)
Updated 22 January 2018
0

700 future-gazers talk robots and revolutions at World Economic Forum in Dubai

DUBAI: More than 700 “experts of the future’ will lay out their vision of what the world may look like in 2030 today, as a key World Economic Forum (WEF) meeting begins in Dubai.
The annual meeting of the global future councils sets the agenda for the big WEF gathering that takes place in the Swiss town of Davos in January.
It comes as Gulf economies, including the UAE and Saudi Arabia, race to invest in disruptive technologies such as robotics, artificial intelligence and blockchain, to position themselves in anticipation of what WEF-goers know as the coming “fourth industrial revolution.”
“We are looking for the answers to the question of the future,” said Mohammed Abdulla Al-Gergawi, UAE Minister of Cabinet Affairs and the Future, at the opening of the event, which he also co-chairs.
Gulf states are seeking to add high value jobs in new technologies as they emerge from decades of dependence on generating income from selling oil.
Such revenues are increasingly under threat – both from cheaper sources of shale oil and gas that have become easier to extract – as well as investments in new forms of renewable energy that is weighing on demand for heating oil and gasoline worldwide.
The region is also grappling with the paradox of finding work for a rapidly growing and youthful population – whose job prospects are being threatened by many of the disruptive technologies in which some Gulf economies have become key investors.
Al-Gergawi told the opening of the meeting in Dubai today that such changes could be a force for good despite the challenges they sometimes represent.
“Amid the changes that are taking place, changes that affect us all as global citizens, we should be able to turn them into opportunities,” he said.
“Successful countries have been able to transform that to positive change in vital areas.”
The event is taking place against a backdrop of mounting regional tension, with a political crisis unfolding in Lebanon, an ongoing boycott of Qatar by four of its regional neighbors and a crackdown on corruption in Saudi Arabia that has seen the arrest of several prominent businesspeople.
The WEF gathering in Dubai will compile work from more than 30 individual working groups that will be thrashed out at the group’s Davos meeting – the theme of which will be “Creating a shared future in a fractured world.”


US Energy Secretary discussed Iran sanctions with Iraqi officials

Updated 11 December 2018
0

US Energy Secretary discussed Iran sanctions with Iraqi officials

  • Perry spoke at a Baghdad hotel where he was attending a US chamber of commerce event alongside Iraqi Oil Minister Thamer Ghadhban
  • The United States has restored sanctions targeting Iran’s oil industry as well as its banking and transport industry

BAGHDAD: US Energy Secretary Rick Perry said on Tuesday he had discussed his country’s sanctions against Iran with Iraqi energy officials and signalled an intention to step up US private sector investment in Iraq.
Perry spoke at a Baghdad hotel where he was attending a US chamber of commerce event alongside Iraqi Oil Minister Thamer Ghadhban.
The United States has restored sanctions targeting Iran’s oil industry as well as its banking and transport industry.
Baghdad, an ally of both Washington and Tehran, is seeking US approval to allow it to import Iranian gas for its power stations.
Iraqi officials say they need more time to find an alternative source than a 45-day waiver granted to it by the United States.
“Sanctions were mentioned in meetings this morning,” Perry said without providing details.
He added that his attendance was sending a strong message of US commitment to Iraq’s economy and energy sector and that he recognized the challenges faced by Iraq’s government when it comes to rebuilding oil infrastructure destroyed during the war against Daesh militants.
“This is a different administration that will move with speed to develop an energy sector that best serves the citizens of Iraq,” Perry said of Prime Minister Adel Abdul Mahdi’s new government.