Digital Cooperation Organization Calls for International Partnerships

Deemah Al-Yahya, Secretary-General of the Digital Cooperation Organization (DCO) (Asharq Al-Awsat)
Deemah Al-Yahya, Secretary-General of the Digital Cooperation Organization (DCO) (Asharq Al-Awsat)
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Digital Cooperation Organization Calls for International Partnerships

Deemah Al-Yahya, Secretary-General of the Digital Cooperation Organization (DCO) (Asharq Al-Awsat)
Deemah Al-Yahya, Secretary-General of the Digital Cooperation Organization (DCO) (Asharq Al-Awsat)

While individuals in some high-income countries rely on artificial intelligence for even the smallest aspects of daily life—such as scheduling appointments, making financial decisions, and even suggesting dinner menus—one-third of the world’s population remains without internet access.

To bridge this digital divide, international collaboration between governments, the private sector, and financial institutions has become an absolute necessity, according to Deemah Al-Yahya, Secretary-General of the Digital Cooperation Organization (DCO), in an interview with Asharq Al-Awsat.

Founded in 2020 and headquartered in Riyadh, the DCO consists of 16 member states, including five Gulf nations, representing a population of 800 million people. During its fourth General Assembly, held in Jordan over two days, the organization launched new initiatives aimed at reducing the global digital divide and approved its 2025–2028 agenda, which focuses on advancing digital maturity among its member states.

Al-Yahya outlined the DCO’s primary objectives, emphasizing its efforts to enhance regulatory frameworks in member states, attract foreign investments, and facilitate technology transfers between countries. One example is the potential adoption of Saudi Arabia’s “Absher” platform in countries such as Jordan and Morocco. Absher is an online system that allows Saudi citizens and residents to access government services, such as passport renewals and driver’s license applications, without visiting physical offices.

Additionally, the DCO connects developing country governments with financial institutions such as the World Bank and the Islamic Development Bank, as well as technology firms. This, Al-Yahya explained, contributes to narrowing both the digital and knowledge gaps between nations.

One of the biggest challenges to internet and AI expansion in developing countries—especially in the Global South—is access to electricity. For instance, ChatGPT consumes 25 times more energy than a traditional Google search. By 2030, AI’s energy consumption is expected to double that of an entire country like France, raising serious environmental and economic concerns. To overcome these barriers, multilateral international cooperation is no longer optional—it is essential. The digital world has no geographic boundaries, and no single country can tackle the complexities of digital transformation alone.

Al-Yahya stressed that fostering collaboration between governments, the private sector, and civil society is key to ensuring that the benefits of the digital revolution reach everyone, creating a brighter future without leaving anyone behind.

The issue is not just about internet access but also about equipping people with the skills to navigate new technologies. While AI could lead to job losses, it also has the potential to create new employment opportunities. The DCO works closely with member state governments to develop solutions and proposals for human capital development in the digital sector. Last month, International Labour Organization (ILO) Director-General Gilbert Houngbo predicted that between 70 and 80 million jobs will be created in the AI and technology sectors between 2023 and 2030. He emphasized the importance of re-skilling and adapting to AI to avoid exclusion from the workforce.

The digital economy is expanding at an unprecedented rate and is expected to reach $16.5 trillion by 2028, representing 17% of the global economy. Meanwhile, the global AI market is projected to surpass $800 billion by 2030. However, this growth remains concentrated in a handful of countries, with a significant lack of equal opportunities.

To address these challenges, the DCO is committed to uniting governments, the private sector, and civil society to promote inclusive and sustainable global digital prosperity. Reflecting on the DCO’s progress over the past four years, Al-Yahya acknowledged that significant milestones have been achieved but emphasized that there is still much work ahead to ensure digital economic growth benefits all. The 2025–2028 agenda marks the beginning of a new digital era, where global cooperation will be critical in driving inclusive and sustainable development—impacting over 800 million people across 16 member states and shaping a better future for future generations.

On the sidelines of the General Assembly, the DCO signed multiple Memorandums of Understanding (MoUs) with key organizations, including the Mohammed bin Salman Foundation (Misk), the HP Foundation, the Organization for Economic Cooperation and Development (OECD), and Oman’s government in partnership with 500 Global. Additionally, a memorandum was signed between the DCO and the United Nations Office for South-South Cooperation, reinforcing its commitment to international digital collaboration.



Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
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Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)

Egypt has ordered shops, restaurants and shopping malls to close from 9:00 pm from Saturday, hoping to curb energy bills that have more than doubled because of the Iran war.

Prime Minister Mostafa Madbouly announced the curfew and said it would last for a month initially.

"Shops, shopping centers, restaurants and cafes will all close at 9:00 pm on weekdays," he said, adding that on Thursdays and Fridays at the weekend they will be allowed to stay open until 10:00 pm, Reuters reported.

The premier said that before the war, Egypt's monthly energy bill was $560 million. Today, for the same quantity, he said Egypt is paying $1.650 billion.

Madbouly said Cairo must work on the "worst-case scenario" in the face of a war whose outcome is unpredictable.

Tourism Minister Sherif Fathy said the new restrictions "will not affect tourists" or flagship destinations, a statement from his office said.

At the beginning of March, Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz, the crucial shipping route now virtually paralysed by the war.

Around a fifth of global crude oil and liquefied natural gas passes through the waterway in peacetime.

The rerouting of shipping away from the Suez Canal is also depriving Cairo of a vital source of foreign currency.


Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)
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Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)

The Turkish Central Bank's balance sheet for this week will show foreign exchange sales amounting to near $20 billion, bringing the total forex sales since the beginning of the Iran war to nearly $45 billion, bankers said, Reuters reported.

According to calculations made by four bankers, based on preliminary data for the first part of the week and their estimates for the rest of the week, the central bank's balance sheet will show $18-21 billion in foreign exchange sales.

Bankers said that although $8 billion of the total $20 billion was made before a public holiday last week, this figure will be reflected in the balance sheet on the first day of this week.

The central bank sold $26 billion in foreign exchange in the first three weeks of the war, using its gold reserves as well, resulting in a $35 billion decrease in its net reserves.


Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port
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Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the RSX service by Marsa Ocean Shipping to Jeddah Islamic Port, featuring a capacity of up to 372 TEUs and connecting Jeddah with the regional ports of Aden, Hodeidah, and Djibouti, SPA reported.

This expansion aligns with the National Transport and Logistics Strategy, aiming to enhance the Kingdom’s operational efficiency and its ranking in global performance indicators.

As a primary gateway, Jeddah Islamic Port utilizes its 62 multipurpose berths and specialized terminals to support a total capacity of 130 million tons, reinforcing Saudi Arabia’s position as a global logistics hub connecting three continents.