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Dubai Ruler Visits Expo 2020’s Operations Center: Our Mission Will be Accomplished

Sheikh Mohammed was briefed on the coordination mechanisms used by the teams based at the operations center. WAM
Sheikh Mohammed was briefed on the coordination mechanisms used by the teams based at the operations center. WAM
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Dubai Ruler Visits Expo 2020’s Operations Center: Our Mission Will be Accomplished

Sheikh Mohammed was briefed on the coordination mechanisms used by the teams based at the operations center. WAM
Sheikh Mohammed was briefed on the coordination mechanisms used by the teams based at the operations center. WAM

Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has visited the operations center of the Expo 2020 venue in Dubai, ahead of the start of the mega event, Emirates News Agency (WAM) reported Sunday.

Being held for the first time in the Middle East, Africa and Southeast Asia, the event, billed as the greatest show in the world, is all set to welcome delegations representing 191 nations.

Sheikh Mohammed was accompanied on his visit by Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee. Sheikh Mohammed reviewed the processes followed by the main operations center, which is the base for 134 units of government and private entities in charge of operations, safety and security of the mega event.

Sheikh Mohammed was briefed on the coordination mechanisms used by the teams based at the operations center. Expressing his confidence in the ability of Expo 2020 teams to deliver an outstanding event, he said, "We promised to organize the most exceptional Expo in the history of the event. Our nation’s talented citizens were able to convert this vision into a comprehensive plan for success, conveying a message to the world that our commitment to excellence makes us an important contributor to shaping the globe’s future.

"Their unwavering positivity, determination and diligent planning gave us the confidence that our mission will be accomplished," WAM quoted him as saying.

The main operations center is run by a total of 134 units made up of personnel representing 95 nationalities. Local, federal, public and private entities are working under the same umbrella to ensure close coordination in running the event.

Sheikh Mohammed also reviewed Dubai Police’s preparations for the event, and the latest smart technologies being used to ensure the highest standards of security at the venue including Dubai Police’s ASRI, an AI based system that enables the organization to respond to any emergency within a minute.

Furthermore, he reviewed the preparations of the Dubai Health Authority (DHA) and Dubai Corporation for Ambulance Services (DCAS) for the event. DHA’s Expo 2020 Dubai’s Emergency Centre will offer comprehensive healthcare services to Expo 2020 Dubai visitors, including PCR tests.

DHA has set up a five-lane drive-through PCR testing facility and a PCR screening center with a capacity of 10,000 tests per day, which will provide results within four hours.

Sheikh Mohammed was briefed about the plans of Dubai’s Roads and Transport Authority (RTA) to provide public transport facilities to facilitate the smooth movement of people during the event.

He also reviewed the operations of the Dubai Metro Route 2020, which is set to serve up to half a million riders per day. RTA has deployed 126 buses from nine stations to serve Expo visitors free of charge, in addition to shuttle buses from hotels to the Expo venue and buses from other emirates. During his visit to the main operations center, Sheikh Mohammed also reviewed the preparations of Dubai’s General Directorate of Civil Defense.

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Business

Iraq Oil Output Exceeds 5 million bpd

Majnoon oil field near the Iraqi city of Basra (Reuters)
Majnoon oil field near the Iraqi city of Basra (Reuters)
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Iraq Oil Output Exceeds 5 million bpd

Majnoon oil field near the Iraqi city of Basra (Reuters)
Majnoon oil field near the Iraqi city of Basra (Reuters)

Iraq produces more than 5 million barrels of oil per day (bpd), Oil Minister Basim Mohammed told state news agency INA on Saturday.

According to Reuters, Iraq is pushing for a higher OPEC production quota as the economic fallout from the Iran war and new investment by oil majors increase pressure on Baghdad to boost output, potentially putting it at odds with the producer group.

The conflict has hit Iraq particularly hard, forcing major export cuts and depriving the state of oil revenue, which accounted for 88% of government income last year.

Business

IMF: Any Slowdown in AI-driven Growth Would be Factor for Central Banks

IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)
IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)
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IMF: Any Slowdown in AI-driven Growth Would be Factor for Central Banks

IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)
IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)

Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International Monetary Fund Managing Director Kristalina Georgieva said on Friday.

Georgieva said concerns about dependence on the AI investment boom and high valuations were impacting markets around the world.

"Things are going up and down, and this is likely to continue," she told an audience at IMF headquarters in Washington, adding that the volatility would complicate the job of central banks at a time when risks to price stability had been growing.

A steep rout in technology stocks on Thursday rippled through markets on fears that ⁠the Democrats' victory ⁠in the US midterm elections would increase regulatory scrutiny of AI and slow the data center build-out, sending investors to the safety of bonds.

The political jitters are hitting an AI trade already on shaky footing due to worry about return on massive spending on AI-related infrastructure, with the meltdown spurring margin calls and spooking retail investors and hedge ⁠funds alike.

Georgieva said the AI investment boom was lifting growth in some countries, helping to offset a negative oil-supply shock triggered by the war in the Middle East, but it was also adding to inflationary pressures and financial stability concerns.

The IMF last month flagged significant growth and financial stability risks from a potential ending of the AI investment boom, among other factors, including a prolonged Middle East war. At the time, it warned that a steep drop in AI investment could lead to a sharp fall in asset prices, ultimately cutting global GDP ⁠by 1.1% ⁠by 2028, including a 1.8% drop in US output.

Georgieva did not repeat the downside forecast on Friday, but acknowledged the recent market volatility.

"Should there be a slowdown in the AI-driven growth impulse, it would need to be factored in as central banks assess the necessary steps in the fight against stubborn inflation," she said.

Democrats are planning to unleash a flood of new legislation targeting artificial intelligence systems and data-center development when they take control of the US Congress in January, Reuters reported on Friday, citing congressional aides and advocates.

That would mark a sharp shift from the Republican-led Congress, where lawmakers largely focused on promoting AI development and declined to pass legislation restricting the technology.

Business

World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
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World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)

World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6% higher than a year earlier, the United Nations' Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of food commodities, ‌averaged 133.9 points ‌in October, down from a revised ‌135.6 ⁠in September.

The index ⁠was 5.9% higher than a year earlier, but remained 16.4% below its March 2022 peak.

FAO's cereal price index fell 4.5% from September and was 12.6% lower than a year ago, as wheat and maize quotations declined. Wheat prices eased on weak import demand ⁠and improved production prospects, especially in Argentina.

"Expectations of ‌easing constraints on Black ‌Sea export flows added to the downward pressure on prices, ‌although continued disruptions to Black Sea logistics limited the decline," ‌FAO said in a statement.

Maize prices also eased after reaching a three-year high in September, pressured by the US harvest, expectations of ample supplies in South America and renewed ‌prospects of easing tensions in the Black Sea region.

Vegetable oil prices edged up 0.3%, ⁠as ⁠higher soybean and sunflower oil prices more than offset a fall in rapeseed oil prices.

Sugar prices rose 6.6%, their fourth straight monthly increase, to the highest level since December 2024, after rainfall disrupted harvesting in Brazil. They were now 28.8% above a year ago.

The dairy index fell 1.1%, as lower butter and cheese prices linked to ample supplies and subdued demand outweighed gains in milk powder.

The meat index declined 1.2%, while still slightly above its year-earlier level, as ovine and bovine meat prices fell.