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  • 17-01-23

    WEF’s head of MENA believes its Middle East’s chance to grow in Davos

    (MENAFN) With the World Economic Forum’s Annual Meeting going back to the familiar snow-covered mountains of Davos, a lot of people are questioning what the Arab world’s delegations will add to the mix.

    “I think, in short, it is their time to shine,” Maroun Kairouz, WEF’s chief of the Middle East and North Africa region, informed Arab News.

    Adding, “(This is) the culmination of years of efforts and commitment to reforms that we have seen in Saudi Arabia, the UAE, Qatar and Oman. Now they are harvesting the fruits of seeds that were planted five, six, and, for some countries, 20 years ago, and that puts them in that position.”

    This year’s summit comes under the theme of “Cooperation in a Fragmented World” — an appropriate one given the several overlying crises currently effecting the world.

    Russia and Ukraine’s conflict is going into its first 1-year anniversary with no indications of peace, contributing to a current inflationary catastrophe, which has put a massive pressure on households globally.

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