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.



IMF and Arab Monetary Fund Sign MoU to Enhance Cooperation

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
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IMF and Arab Monetary Fund Sign MoU to Enhance Cooperation

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA

The International Monetary Fund (IMF) and the Arab Monetary Fund (AMF) signed a memorandum of understanding (MoU) on the sidelines of the AlUla Conference on Emerging Market Economies (EME) to enhance cooperation between the two institutions.

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki, SPA reported.

The agreement aims to strengthen coordination in economic and financial policy areas, including surveillance and lending activities, data and analytical exchange, capacity building, and the provision of technical assistance, in support of regional financial and economic stability.

Both sides affirmed that the MoU represents an important step toward deepening their strategic partnership and strengthening the regional financial safety net, serving member countries and enhancing their ability to address economic challenges.


Saudi Chambers Federation Announces First Saudi-Kuwaiti Business Council

File photo of the Saudi flag/AAWSAT
File photo of the Saudi flag/AAWSAT
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Saudi Chambers Federation Announces First Saudi-Kuwaiti Business Council

File photo of the Saudi flag/AAWSAT
File photo of the Saudi flag/AAWSAT

The Federation of Saudi Chambers announced the formation of the first joint Saudi-Kuwaiti Business Council for its inaugural term (1447–1451 AH) and the election of Salman bin Hassan Al-Oqayel as its chairman.

Al-Oqayel said the council’s formation marks a pivotal milestone in economic relations between Saudi Arabia and Kuwait, reflecting a practical approach to enabling the business sectors in both countries to capitalize on promising investment opportunities and strengthen bilateral trade and investment partnerships, SPA reported.

He noted that trade between Saudi Arabia and Kuwait reached approximately SAR9.5 billion by the end of November 2025, including SAR8 billion in Saudi exports and SAR1.5 billion in Kuwaiti imports.


Leading Harvard Trade Economist Says Saudi Arabia Holds Key to Success in Fragmented Global Economy

Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).
Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).
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Leading Harvard Trade Economist Says Saudi Arabia Holds Key to Success in Fragmented Global Economy

Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).
Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).

Harvard University economics professor Pol Antràs said Saudi Arabia represents an exceptional model in the shifting global trade landscape, differing fundamentally from traditional emerging-market frameworks. He also stressed that globalization has not ended but has instead re-formed into what he describes as fragmented integration.

Speaking to Asharq Al-Awsat on the sidelines of the AlUla Conference for Emerging Market Economies, Antràs said Saudi Arabia’s Vision-driven structural reforms position the Kingdom to benefit from the ongoing phase of fragmented integration, adding that the country’s strategic focus on logistics transformation and artificial intelligence constitutes a key engine for sustainable growth that extends beyond the volatility of global crises.

Antràs, the Robert G. Ory Professor of Economics at Harvard University, is one of the leading contemporary theorists of international trade. His research, which reshaped understanding of global value chains, focuses on how firms organize cross-border production and how regulation and technological change influence global trade flows and corporate decision-making.

He said conventional classifications of economies often obscure important structural differences, noting that the term emerging markets groups together countries with widely divergent industrial bases. Economies that depend heavily on manufacturing exports rely critically on market access and trade integration and therefore face stronger competitive pressures from Chinese exports that are increasingly shifting toward alternative markets.

Saudi Arabia, by contrast, exports extensively while facing limited direct competition from China in its primary export commodity, a situation that creates a strategic opportunity. The current environment allows the Kingdom to obtain imports from China at lower cost and access a broader range of goods that previously flowed largely toward the United States market.

Addressing how emerging economies should respond to dumping pressures and rising competition, Antràs said countries should minimize protectionist tendencies and instead position themselves as committed participants in the multilateral trading system, allowing foreign producers to access domestic markets while encouraging domestic firms to expand internationally.

He noted that although Chinese dumping presents concerns for countries with manufacturing sectors that compete directly with Chinese production, the risk is lower for Saudi Arabia because it does not maintain a large manufacturing base that overlaps directly with Chinese exports. Lower-cost imports could benefit Saudi consumers, while targeted policy tools such as credit programs, subsidies, and support for firms seeking to redesign and upgrade business models represent more effective responses than broad protectionist measures.

Globalization has not ended

Antràs said globalization continues but through more complex structures, with trade agreements increasingly negotiated through diverse arrangements rather than relying primarily on multilateral negotiations. Trade deals will continue to be concluded, but they are likely to become more complex, with uncertainty remaining a defining feature of the global trading environment.

Interest rates and artificial intelligence

According to Antràs, high global interest rates, combined with the additional risk premiums faced by emerging markets, are constraining investment, particularly in sectors that require export financing, capital expenditure, and continuous quality upgrading.

However, he noted that elevated interest rates partly reflect expectations of stronger long-term growth driven by artificial intelligence and broader technological transformation.

He also said if those growth expectations materialize, productivity gains could enable small and medium-sized enterprises to forecast demand more accurately and identify previously untapped markets, partially offsetting the negative effects of higher borrowing costs.

Employment concerns and the role of government

The Harvard professor warned that labor markets face a dual challenge stemming from intensified Chinese export competition and accelerating job automation driven by artificial intelligence, developments that could lead to significant disruptions, particularly among younger workers. He said governments must adopt proactive strategies requiring substantial fiscal resources to mitigate near-term labor-market shocks.

According to Antràs, productivity growth remains the central condition for success: if new technologies deliver the anticipated productivity gains, governments will gain the fiscal space needed to compensate affected groups and retrain the workforce, achieving a balance between addressing short-term disruptions and investing in long-term strategic gains.