Riyadh prepares to host special meeting of World Economic Forum

Signage for the World Economic Forum (WEF) adorns a wall at the summit venue in Davos on January 17, 2024. (AFP/File)
Short Url
Updated 23 April 2024
Follow

Riyadh prepares to host special meeting of World Economic Forum

  • Heads of state and senior executives from the public, private sectors are expected to be among the participants
  • The aim of the meeting is to find solutions to a host of global humanitarian, climate and economic challenges

RIYADH: Final preparations are taking place this week in the Saudi capital, Riyadh, for a special meeting of the World Economic Forum in the city on April 28 and 29.

Heads of state and senior executives from the public and private sectors are expected to be among the participants, who will discuss a range of global economic issues and developments under the theme “Global Collaboration, Growth and Energy for Development.”

The aim of the meeting is to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy. On the sidelines of the main event, the Kingdom will host exhibitions and other events to highlight the latest developments and trends in areas such as sustainability, innovation and culture.

The selection of Riyadh as host of the special meeting reflects the extensive partnership between Saudi Arabia and the WEF, officials said.

It builds upon the Kingdom’s active participation and contributions to the WEF’s Annual Meetings in Davos.

The agenda is designed to rekindle the spirit of cooperation and collaboration with various panel discussions, workshops, and networking opportunities. It represents a significant gathering of global leaders and experts dedicated to forging a path toward a more resilient, sustainable, and equitable world.


Israel to take more West Bank powers and relax settler land buys, media say

Updated 8 sec ago
Follow

Israel to take more West Bank powers and relax settler land buys, media say

JERUSALEM: Israel’s security cabinet approved a series of steps on Sunday that would make it easier for settlers in the occupied ​West Bank to buy land while granting Israeli authorities more enforcement powers over Palestinians, Israeli media reported.
The West Bank is among the territories that the Palestinians seek for a future independent state. Much of it is under Israeli military control, with limited Palestinian self-rule in some areas run by the Western-backed Palestinian Authority (PA).
Citing statements by Finance Minister ‌Bezalel Smotrich and Defense ‌Minister Israel Katz, Israeli news ‌sites ⁠Ynet ​and Haaretz ‌said the measures included scrapping decades-old regulations that prevent Jewish private citizens buying land in the West Bank.
They were also reported to include allowing Israeli authorities to administer some religious sites, and expand supervision and enforcement in areas under PA administration in matters of environmental hazards, water offenses and damage to archaeological sites.
Palestinian President ⁠Mahmoud Abbas said the new measures were dangerous, illegal and tantamount to ‌de-facto annexation.
The Israeli ministers did not immediately ‍respond to requests for comment.
The new ‍measures come three days before Prime Minister Benjamin Netanyahu ‍is scheduled to meet in Washington with US President Donald Trump.
In his statement, Abbas urged Trump and the UN Security Council to intervene.
Trump has ruled out Israeli annexation of the West Bank ​but his administration has not sought to curb Israel’s accelerated settlement building, which the Palestinians say denies them ⁠a potential state by eating away at its territory.
Netanyahu, who is facing an election later this year, deems the establishment of any Palestinian state a security threat.
His ruling coalition includes many pro-settler members who want Israel to annex the West Bank, land captured in the 1967 Middle East war to which Israel cites biblical and historical ties.
The United Nations’ highest court said in a non-binding advisory opinion in 2024 that Israel’s occupation of Palestinian territories and settlements there is illegal and should ‌be ended as soon as possible. Israel disputes this view.