Global leaders gather in Davos as Middle East tensions take center stage

World leaders, CEOs, tech innovators and heads of humanitarian organizations descend on the Alpine resort of Davos every January. (AFP/File Photo)
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Updated 19 January 2026
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Global leaders gather in Davos as Middle East tensions take center stage

  • In its 56th edition, WEF annual meeting is expected to attract about 3,000 participants from more than 130 countries
  • Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan, will share Kingdom’s successful Vision 2030 experiences

DAVOS: World leaders, top CEOs, technology innovators and heads of humanitarian organizations are arriving in the snow-laden Swiss town of Davos for the 2026 World Economic Forum, which organizers have called “one of the highest-level gatherings in the event’s history.”

Running from Jan. 19-23, this year’s meeting will address a range of urgent geopolitical challenges from the war in Ukraine to mounting tensions in the Middle East, where multiple flashpoints in Gaza, Lebanon and the Red Sea have stoked fears of a wider regional escalation.

Held under the theme “A Spirit of Dialogue,” the forum comes at a time of unprecedented global fragmentation, rising economic inequality and disruptive technological change, offering a platform to foster global cooperation to confront major uncertainties.

This year’s forum is expected to draw record levels of governmental participation, with 400 top political leaders, six G7 leaders, almost 850 of the world’s top CEOs and chairs, and almost 100 leading unicorn and technology pioneers expected to attend.

US President Donald Trump, French President Emmanuel Macron, Ukraine’s President Volodymyr Zelensky, Egypt’s President Abdel Fattah El-Sisi, Syria’s President Ahmad Al-Sharaa and Aziz Akhannouch, Morocco’s head of government, are among 65 heads of state set to attend the high-profile event.

The Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan, will include Princess Reema Bandar Al-Saud, Saudi Arabia’s ambassador to the US; Khalid Al-Falih, minister of investment; Bandar Alkhorayef, minister of industry and mineral resources; Ahmed Al-Khateeb, minister of tourism; Faisal Alibrahim, minister of economy and planning; Abdullah Al-Swaha, minister of communications and information technology; and Mohammed Al-Jadaan, minister of finance.

The ministers will engage in dialogue with global leaders, while sharing the Kingdom’s successful experiences under the Saudi Vision 2030, according to a statement by the ministry of economy and planning.

On the sidelines of the WEF, the ministry will host the Saudi House pavilion for the second consecutive year, convening global thought leaders for more than 20 sessions focused on key trends and challenges shaping the world economy.

Borge Brende, president and CEO of the WEF, said this year’s meeting will be “one of our most consequential,” stressing that “dialogue is not a luxury in times of uncertainty; it is an urgent necessity.”

The global forum “will provide a space for an unparalleled mix of global leaders and innovators to work through and look beyond divisions, gain insight into a fast-shifting global landscape, and advance solutions to today’s and tomorrow’s biggest and most pressing challenges,” he added.

FASTFACTS

* Annual meeting of World Economic Forum is being held in Davos from Jan. 19-23 under the theme  “A Spirit of Dialogue.”

* Among those attending are six G7 leaders, almost 850 CEOs and chairs, and about 100 unicorn founders and technology pioneers.

In its 56th edition, the meeting is expected to attract about 3,000 participants from more than 130 countries to navigate the major economic, geopolitical and technological forces reshaping the global landscape.

Organizers said the meeting is centered around five pressing global challenges: Ways to foster cooperation in a contested world, unlock new sources of growth, better invest in people, responsibly deploy transformative technologies like generative AI and build prosperity within planetary boundaries, advancing secure energy, nature and water systems.

A major focus will be on the unprecedented speed of innovation and technological advancement. The gathering will explore opportunities around artificial intelligence, biotechnology and clean energy.

“Leaders will share views from across sectors to help build the understanding needed to balance short-term priorities and immediate challenges with long-term value creation,” said Mirek Dusek, WEF’s managing director.

“In an era where exponential technological innovation and geopolitical disruption are deeply intertwined, the need for constructive dialogue between policymakers and industry is clear.”

A report released by WEF on Wednesday identified geoeconomic confrontation as the top global risk this year, followed by interstate conflict, extreme weather, societal polarization and misinformation and disinformation.

The Global Risks Report warned that “the new age of competition” has intensified geopolitical, economic and geoeconomic risks, with uncertainty dominating the outlook.

The forum will hold in-depth discussions and discuss insights of this year’s Global Risks Report, Global Cooperation Barometer, the Global Cybersecurity Outlook 2026 and the latest edition of the Chief Economists Outlook.

Saadia Zahidi, the WEF’s managing director, said the key is “to unlock growth, jobs and economic transformation that translate into progress for communities everywhere.

“In a global economy shaped by technology, geoeconomics and demographics, the defining challenge will be whether opportunity is broadly shared or if growth remains sluggish and uneven,” she added.

 


EU leaders to reassess US ties despite Trump U-turn on Greenland

Updated 22 January 2026
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EU leaders to reassess US ties despite Trump U-turn on Greenland

  • Diplomats stressed that, although Thursday’s emergency EU talks in Brussels would now lose some of their urgency, the longer-term issue of how to handle the relationship with the US remained

BRUSSELS: EU leaders will rethink their ties with the US at an emergency summit on Thursday after Donald Trump’s threat of tariffs and even military action to ​acquire Greenland badly shook confidence in the transatlantic relationship, diplomats said.
Trump abruptly stepped back on Wednesday from his threat of tariffs on eight European nations, ruled out using force to take Greenland, a semi-autonomous territory of NATO ally Denmark, and suggested a deal was in sight to end the dispute.
German Chancellor Friedrich Merz, welcoming Trump’s U-turn on Greenland, urged Europeans not to be too quick to write off the transatlantic partnership.
But EU governments remain wary of another change of mind by a mercurial president who is increasingly seen as a bully that Europe will have to stand up to, and they are focused on coming up with a longer-term plan on how to deal with the ‌United States under this ‌administration and possibly its successors too.
“Trump crossed the Rubicon. He might do ‌it ⁠again. ​There is no ‌going back to what it was. And leaders will discuss it,” one EU diplomat said, adding that the bloc needed to move away from its heavy reliance on the US in many areas.
“We need to try to keep him (Trump) close while working on becoming more independent from the US It is a process, probably a long one,” the diplomat said.
EU RELIANCE ON US
After decades of relying on the United States for defense within the NATO alliance, the EU lacks the needed intelligence, transport, missile defense and production capabilities to defend itself against a possible Russian attack. This gives the US substantial leverage.
The US ⁠is also Europe’s biggest trading partner, making the EU vulnerable to Trump’s policies of imposing tariffs to reduce Washington’s trade deficit in goods, and, as in ‌the case of Greenland, to achieve other goals.
“We need to discuss where ‍the red lines are, how we deal with this bully ‍across the Atlantic, where our strengths are,” a second EU diplomat said.
“Trump says no tariffs today, but does ‍that mean also no tariffs tomorrow, or will he again quickly change his mind? We need to discuss what to do then,” the second diplomat said.
The EU had been considering a package of retaliatory tariffs on 93 billion euros ($108.74 billion) on US imports or anti-coercive measures if Trump had gone ahead with his own tariffs, while knowing such a step would harm Europe’s economy as well ​as the United States.
WHAT’S THE GREENLAND DEAL?
Several diplomats noted there were still few details of the new plan for Greenland, agreed between Trump and NATO Secretary General Mark Rutte late on ⁠Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland.
“Nothing much changed. We still need to see details of the Greenland deal. We are a bit fed up with all the bullying. And we need to act on a few things: more resiliency, unity, get our things together on internal market, competitiveness. And no more accepting tariff bullying,” a third diplomat said.
Rutte told Reuters in an interview in Davos on Thursday that under the framework deal he reached with Trump the Western allies would have to step up their presence in the Arctic.
He also said talks would continue between Denmark, Greenland and the US on specific issues.
Diplomats stressed that, although Thursday’s emergency EU talks in Brussels would now lose some of their urgency, the longer-term issue of how to handle the relationship with the US remained.
“The approach of a united front in solidarity with Denmark and Greenland while focusing on de-escalation and finding an off-ramp has worked,” a fourth EU diplomat said.
“At the ‌same time it would be good to reflect on the state of the relationship and how we want to shape this going forward, given the experiences of the past week (and year),” he said.