Arab Solutions to International Challenges at WEF in Jordan

WEF Logo at the Dead Sea, Jordan (EPA)
WEF Logo at the Dead Sea, Jordan (EPA)
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Arab Solutions to International Challenges at WEF in Jordan

WEF Logo at the Dead Sea, Jordan (EPA)
WEF Logo at the Dead Sea, Jordan (EPA)

The World Economic Forum on the Middle East and North Africa kicked off in the Dead Sea on Saturday, in the presence of more than 1,000 government, business, and civil society leaders from over 50 countries.

Held under the slogan of “Building New Platforms for Cooperation,” the meeting will discuss economic, technical, financial and social challenges associated with the Fourth Industrial Revolution.

Jordan’s King Abdullah II will launch the two-day forum, which will see on its first day addresses by Palestinian President Mahmoud Abbas and UN Secretary-General Antonio Guterres.

Mirek Dusek, Deputy Head of Centre for Geopolitical and Regional Affairs and Member of the Executive Committee at the WEF, said the forum would focus on four transformational imperatives: Shaping a new economic and social model for the region; promoting environmental stewardship in the Arab world; finding common ground in a multi-conceptual world; and embracing the Fourth Industrial Revolution in the Arab world.

In remarks to Asharq Al-Awsat, Dusek stressed that one of the Forum’s main concerns was to “enable countries to participate in keeping up with our technological era in a proactive way, enabling positive social, economic and political outcomes.”

“For this reason, over the last few years, the Forum has worked through our Regional Business Council in the Middle East and North Africa with private sector leaders to prepare young people for future jobs. We have received commitments from companies to rehabilitate and modernize the skills of more than one million people,” he noted.

He added that the region had good opportunities to contribute to shaping the future of the Fourth Industrial Revolution.

Dusek underlined the importance of collaboration with Saudi Arabia in this regard. He said the WEF was proud to work with various stakeholders in Saudi Arabia and was currently looking into a number of areas of cooperation, given the overall nature of the reform efforts currently underway in the Kingdom.



World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
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World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)

The World Bank announced on Thursday that it was redirecting funds originally earmarked for development programs in Lebanon towards emergency aid for people displaced by Israeli bombardment of the country.

"The World Bank is activating emergency response plans to be able to repurpose resources in the portfolio to respond to the urgent needs of people in Lebanon," said a statement from the US-based multilateral institution.

The multilateral institution currently has $1.5 billion in funding for programs in Lebanon. Part of this amount will be redirected.

Since September 23, more than 1,000 people have been killed in an Israeli air-and-ground campaign on Lebanon that has targeted armed group Hezbollah in the south and east of the country, with strikes expanding to include the capital Beirut.

Thousands have been displaced since the bombing began, and the funds would be used to provide aid to those populations, the World Bank said.

"This would include emergency support to displaced people that could be deployed through a digital platform the World Bank helped put in place during the Covid epidemic," the statement said.