FII 6th Edition Kicks off on Oct. 25, to Discuss ‘Enabling a New Global Order’

Richard Attias, CEO of the FII Institute, speaks during a press conference organized on Monday by the Saudi Press Agency (SPA) at the Convention Center in Riyadh. (Asharq Al-Awsat)
Richard Attias, CEO of the FII Institute, speaks during a press conference organized on Monday by the Saudi Press Agency (SPA) at the Convention Center in Riyadh. (Asharq Al-Awsat)
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FII 6th Edition Kicks off on Oct. 25, to Discuss ‘Enabling a New Global Order’

Richard Attias, CEO of the FII Institute, speaks during a press conference organized on Monday by the Saudi Press Agency (SPA) at the Convention Center in Riyadh. (Asharq Al-Awsat)
Richard Attias, CEO of the FII Institute, speaks during a press conference organized on Monday by the Saudi Press Agency (SPA) at the Convention Center in Riyadh. (Asharq Al-Awsat)

The sixth edition of the Future Investment Initiative (FII) conference will be held in Riyadh on Oct. 25-27, under the slogan “Investing in Humanity - Enabling a New World Order”.

Over 6,000 CEOs, policymakers, investors, entrepreneurs, Nobel Prize laureates and young leaders from across the globe are expected to attend the international event, with the aim to develop sustainable solutions to the economic and humanitarian challenges facing the world.

In a press conference organized on Monday by the Saudi Press Agency (SPA) at the Convention Center in Riyadh, Richard Attias, CEO of the FII Institute, said that the three-day conference would bring together around 500 speakers, who will participate in 180 sessions, 30 workshops and four mini-summits.

He added that major topics would be discussed, including the balance between and sustainability, the rise of geo-economics and equality in the world, efforts to address the repercussions of the Covid-19 pandemic, and the intractable and unexpected challenges.

Economic system

Attias said the first day of the conference would feature discussions by a group of Nobel laureates, who will try to find sustainable solutions to meet the basic needs of the world’s population.

He noted that talks would revolve around the challenges posed by the new world order, as well as the opportunities, such as creating an economic system that improves the quality of life for citizens around the world.

The first summit will be held on Oct. 25, under the theme, “The Conflict of Generations”.

He indicated that the second day would include the “New Energy Economy” summit, with the participation of senior speakers, who will present their vision on the current state of the finance sector and the global economy, and the role of some countries, such as Japan, in financing sustainable energy.

Crypto currency

Attias told the press conference that the third day would witness mini-summits on the rise of digital currencies and the future of Africa, with the participation of a number of speakers from China and Hong Kong.

Discussions will focus on the importance of partnership between China and the Middle East.

Another session will review the future of environmental and social governance.

Private sector participation

Attias stressed the importance of the participation of the public and private sectors in the international event.

He highlighted in this regard the approach adopted by the Saudi government in its large projects, which have brought about a great change through cooperation between the two sectors.

Moreover, he noted that speakers would address during one of the sessions the energy sector, the rising prices and the global health economy, with the participation of Prince Abdulaziz bin Salman bin Abdulaziz, the Saudi Minister of Energy, and a number of international stakeholders.

Sustainable environment

According to Attias, Saudi Arabia focuses on the well-being of the people and the creation of a sustainable environment. He said that this was clearly reflected in the NEOM project, which was launched by Saudi Crown Prince Mohammed bin Salman, with the aim to achieve a qualitative leap for the country’s future.

He added that the Kingdom is constantly launching new projects that take into account the quality of life.

Attias went on to say that the Future Investment Initiative was based on four main pillars, including education, artificial intelligence, health care, and solutions that guarantee sustainability.

He noted that the conference would be the first of its kind in the world to identify and address priorities in the new world order.

Activate advanced technologies

According to Attias, the sixth edition of the conference would address the most important risks and challenges and examine the opportunities and the new horizons, through a number of dialogue sessions and various workshops.

The Future Investment Initiative is a leading international investment platform and annual forum, bringing together investors, innovators and leaders from around the world, who have the power to shape the future of global investment.

The initiative aims to benefit from investment opportunities to drive economic growth, enable innovation and activate advanced technologies, in addition to exploring and addressing global challenges.

Since its launch in 2017, the Future Investment Initiative has been seeking to build an effective network of the most important stakeholders in the global arena, in addition to shedding light on emerging sectors that will shape the international investment landscape and the future of global economy.



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.


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.


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.