Al Arabiya News Channel is gearing up for intensive coverage of this year’ World Economic Forum (WEF) which will take place on Jan. 22-25 in Davos-Klosters, Switzerland, under the theme of “The Reshaping of the World: Consequences for Society, Politics, and Business.”
The annual WEF meeting brings together more than 2,000 top business and political leaders and heads of international organizations to identify the most pressing challenges the world faces and discuss ways to respond to them.
The agenda of this year’s annual meeting includes global issues, such as climate change, multilateral trade, social and economic transformation and the evolution of industry ecosystems and business models.
These discussions will be prepared in close collaboration with the responsible international organizations to ensure action-oriented results in Davos. In this way, the Annual Meeting will provide substantial, but informal, input into the official discussions taking place at the G8 and the G20, as well as other important global processes.
Al Arabiya will be holding a special panel discussion on Jan. 24 under the theme of “The End Game for the Middle East” and will be moderated by Al Arabiya’s senior anchor Rima Maktabi.
The special session will examine the social, political transformations and the historical rivalries that are reshaping the Middle East and how these shifts can be translated into stability and prosperity for future generations.
Jamil ElHage, head of business at Al Arabiya News Channel, said the Middle East will be a focus of discussion at Davos 2014 and not because of geopolitics only, like the transformations taking place in Egypt, Tunisia and Syria.
It is also because the “Gulf continues to witness good growth rates enjoying the political and security stability that is patchy to say the least in other areas of the region,” ElHage said.
He noted that Al Arabiya “will be there in force to cover the discussions and gain a sense of what the delegates there are thinking.”
“Al Arabiya will be conducting live interviews with the decision makers and the prominent Business men and women of our region to try to get a piece of their mind. Make sure to tune in to Al Arabiya to watch our WEF coverage live from Davos, starting this Wednesday, Jan. 22,” he said.
Faisal J. Abbas, Editor-in-Chief of Al Arabiya’s English language channel, said: “Covering Davos has always been a fixture on Al Arabiya and we are happy that through the newly revamped Al Arabiya English site, we are able to reflect Al Arabiya’s unique political and business content to English language speakers”
“Like we did last year, Al Arabia’s English website will be giving this event much focus and will be dedicating a special section throughout the Annual Meeting,” Abbas added.
The main economic question everyone will be asking in this year’s meeting, ElHage said, is “whether 2014 will be the year of returning to normality.”
“We are witnessing growth in the U.S. and parts of Europe. The Federal Reserve Bank has embarked on his tapering process. But will this boost Business confidence? Especially as we see a slowing of growth in China and some other emerging economies,” he said.
ElHage added the global inequality between the widening gap between the rich and the poor is also likely to be a hot topic of discussion this year.
Oxfam said in a report released on Monday that global inequality has run so out of control. The 85 richest people on the planet “own the wealth of half the world’s population,” Oxfam said in an introduction to a new report on widening disparities between the rich and poor.
The report exposes the “pernicious impact” of growing inequality that helps “the richest undermine democratic processes and drive policies that promote their interests at the expense of everyone else,” the statement said.