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WEF: War, disinformation, and climate dominate global threats in 2025

State-based armed conflicts are flagged as the most immediate concern for 23 percent of respondents, with wars in the Middle East, Sudan and Ukraine driving global instability. (AFP/File)
State-based armed conflicts are flagged as the most immediate concern for 23 percent of respondents, with wars in the Middle East, Sudan and Ukraine driving global instability. (AFP/File)
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Updated 18 January 2025

WEF: War, disinformation, and climate dominate global threats in 2025

WEF: War, disinformation, and climate dominate global threats in 2025
  • More than 900 global leaders highlight escalating geopolitical tensions, environmental crises and misinformation as critical issues shaping the year ahead
  • Davos to begin Jan. 20 amid fragmented global order marked by growing power rivalries, weakened multilateralism

LONDON: Escalating wars, rising disinformation, and intensifying climate challenges rank as the most pressing global threats for 2025, according to the World Economic Forum’s Global Risk Report, released Wednesday ahead of the Davos annual meeting.

Based on insights from 900 global leaders in business, politics and academia, the report highlights escalating geopolitical tensions, environmental crises and misinformation as critical issues shaping the year ahead.

“Rising geopolitical tensions and a fracturing of trust are driving the global risk landscape,” said Mirek Dusek, WEF managing director.

“In this complex and dynamic context, leaders have a choice: to find ways to foster collaboration and resilience, or face compounding vulnerabilities.”

State-based armed conflicts are flagged as the most immediate concern for 23 percent of respondents, with wars in the Middle East, Sudan and Ukraine driving global instability.

The forum will host a historic gathering of Middle Eastern leaders, including representatives from Iran, Syria, Yemen and Gulf countries, to discuss prospects for peace amid hopes of a ceasefire between Hamas and Israel after 15 months of devastating war that has killed tens of thousands of Palestinians.

Donald Trump, set to be sworn in as the 47th US president on Jan. 20, has vowed to end the war in Ukraine. He will deliver a virtual address to the forum on Jan. 23. Ukrainian President Volodymyr Zelensky will also attend and deliver a speech on Jan. 21.

“From conflicts to climate change, we are facing interconnected crises that demand coordinated, collective action,” said Mark Elsner, WEF’s head of the Global Risks Initiative, who urged world leaders to make “renewed efforts to rebuild trust and foster cooperation.” 

While conflicts rank as the most immediate threat, the survey highlights the climate crisis as the dominant risk of the next decade. Environmental risks — including extreme weather, biodiversity loss and critical changes to Earth’s systems — account for three of the top four long-term global concerns.

In 2024, global warming hit a record 1.54 degrees Celsius above pre-industrial levels, triggering catastrophic weather events, such as the Los Angeles wildfires, devastating floods in Spain caused by the DANA weather phenomenon and unprecedented rainfall across the Middle East, which triggered floods in the Arabian Peninsula and Sahara Desert for the first time in half a century.

“The climate and nature crisis requires urgent attention and action,” said Gim Huay Neo, the WEF’s managing director for the Center for Nature and Climate.

Two technology-related concerns ranked next on the list of global threats: “Misinformation and disinformation” and the “adverse outcomes of AI technologies.”

The survey, conducted between September and October, noted rising anxieties about misinformation. These concerns have intensified following Donald Trump’s election victory and his alignment with tech leaders like Elon Musk and Mark Zuckerberg, who are reportedly advocating for deregulation policies expected to benefit the tech industry.

It coincides with Zuckerberg’s recent decision to scale back fact-checking and content moderation across Meta’s platforms, a move widely criticized by experts as an appeasement of Trump, whose return to the White House will overlap with the forum’s opening.

Organizers are expecting 60 heads of state and government to attend, alongside chief executives and campaigners. Several ministers and business leaders from Ƶ are also expected to take part.

The WEF’s report found that 64 percent of experts foresee a fragmented global order dominated by competition among middle and great powers, with multilateralism under significant strain.

Against this backdrop, the forum’s theme, “A Call for Collaboration in the Intelligent Age,” highlights the need for renewed cooperation, even as Trump’s anticipated policy shifts could undermine collective efforts on critical global issues, including the climate crisis.


Ƶ, Syria sign deal to boost energy ties

Ƶ, Syria sign deal to boost energy ties
Updated 35 sec ago

Ƶ, Syria sign deal to boost energy ties

Ƶ, Syria sign deal to boost energy ties
  • Two sides explored cooperation opportunities across various energy sectors during talks
  • Saudi and Syrian business leaders affirmed readiness to support redevelopment of Syria’s energy infrastructure

RIYADH: Ƶ and Syria are strengthening their energy cooperation through a new agreement that covers oil and gas, petrochemicals, electricity, regional grid integration, and renewable energy.

The memorandum of understanding was signed by the Kingdom’s Minister of Energy, Prince Abdulaziz bin Salman, and his Syrian counterpart, Mohammed Al-Bashir, following a meeting held in Riyadh, according to a statement.

The move is part of Ƶ’s drive to strengthen ties across key investment sectors and support shared goals of economic growth and sustainable development with Syria.

It also aligns with the Kingdom’s recent signing of $6.4 billion in investment deals with Syria, marking a major step toward re-engaging economically and supporting the country’s reconstruction efforts.

“During the meeting, the two sides explored cooperation opportunities between the two countries across various energy sectors and ways to enhance them, including oil and its supplies, electricity, renewable energy, and energy efficiency,” the Kingdom’s Ministry of Energy said.

“They also reviewed investment opportunities, and the exchange of expertise in developing projects, policies, and regulatory frameworks in the Kingdom’s energy sector, as part of broader efforts to support the development journey of the Syrian Arab Republic,” it added.

Following the talks, Saudi and Syrian business leaders affirmed their readiness to support the redevelopment of Syria’s energy infrastructure, as announced during a high-level meeting in Riyadh.

The participants presented proposals for joint projects focused on conventional and renewable energy sectors, signaling a potential shift toward greater regional investment collaboration.

Al-Bashir outlined his ministry’s recent achievements and its strategic direction, despite prevailing challenges, reported the Syrian Arab News Agency.

Al-Bashir said economic partnerships and investor engagement are crucial to advancing the energy sector and welcomed collaborative initiatives aimed at enhancing development efforts.

The talks coincide with a broader renewal of Saudi-Syrian relations, underlined by the July Syrian-Saudi Investment Forum held in Damascus.

Earlier in July, a Saudi delegation visiting Damascus announced investment and partnership deals valued at $5 billion to help rebuild war-battered Syria.

The agreements span vital and strategic sectors, including real estate, infrastructure, communications, IT, transportation and logistics, industry, tourism, energy, trade, and more, AFP reported at the time, citing a statement from the investment ministry.

According to official data from Ƶ’s General Authority for Statistics, Syria was the Kingdom’s 53rd largest export destination in April, with non-oil exports rising by 153.3 percent year on year to reach SR81.9 million.

Syria ranked 60th among countries supplying goods to Ƶ, with imports totaling SR78.5 million in April, representing a sharp 149.7 percent year-over-year increase.


Expat remittances in Ƶ jump 21% in May to over $4bn

Expat remittances in Ƶ jump 21% in May to over $4bn
Updated 28 July 2025

Expat remittances in Ƶ jump 21% in May to over $4bn

Expat remittances in Ƶ jump 21% in May to over $4bn
  • Transfers by non-Saudis reached nearly SR70 billion, an annual rise of almost 26%
  • Money sent abroad by Saudi citizens reached SR29.8 billion, up 13% year on year

RIYADH: Expatriate remittances from Ƶ rose to SR15.2 billion ($4.05 billion) in May, marking a 21 percent increase compared to the same month last year. 

According to data by the Saudi Central Bank, also known as SAMA, transfers by non-Saudis reached nearly SR70 billion during the first five months of 2024, an annual rise of almost 26 percent. 

Money sent abroad by Saudi citizens reached SR29.8 billion, up 13 percent year on year, the central bank’s monthly bulletin showed. 

The significant uptick in outbound transfers reflects several economic and social factors shaping the Kingdom’s labor market and remittance behavior. Among these are the rising number of foreign workers, improving wages, and growing reliance on digital payment solutions that facilitate cross-border transfers more efficiently. 

Ƶ is home to more than 16.41 million non-Saudis as of May, who make up over 44 percent of the population, according to data by Global Media Insight. As the Kingdom continues to develop under Vision 2030, many expats are taking on higher-paying jobs in health care, construction, logistics, and technology sectors. 

Improved career opportunities have led to increased disposable income, part of which is regularly sent back to support families in their countries of origin. 

In the Expat Insider 2024 survey conducted by international expat network InterNations, 75 percent of expatriates in the Kingdom said their career prospects had improved significantly since relocating to Ƶ. 

This placed the country second globally in the “Working Abroad Index,” just behind Denmark. The findings reflect growing expat satisfaction and underscore the rising earning potential in the Saudi labor market. 

Fintech adoption has also contributed to the remittance boom. Companies like stc pay, UrPay, and Tahweel Al-Rajhi offer fast and affordable remittance services integrated with mobile wallets, enabling low-cost and convenient international transfers. 

According to a 2024 World Bank brief, the average cost of sending $200 from Ƶ was 5.5 percent in the fourth quarter of 2023, making it one of the least costly G20 countries for remittance outflows.

In comparison, the G20 average stood at 6.5 percent, with countries like South Africa at 12.8 percent and Japan at 7 percent ranking among the highest. The global average cost for remittances was 6.4 percent, well above the UN Sustainable Development Goal target of 3 percent by 2030. 

The growth in remittances by Saudi nationals may be attributed to a combination of factors, including the expansion of the working-age population, increased international travel, overseas investments, and education-related transfers. 

Young Saudis studying abroad, owning property overseas, or supporting family members outside the Kingdom all contribute to rising personal transfers. 

The overall increase in outbound remittances aligns with broader macroeconomic trends. As Ƶ pushes to diversify its economy and empower the private sector, higher employment levels and better wage conditions are translating into more outbound flows. At the same time, remittances play a vital role in supporting economies across South Asia, the Middle East, and Africa, where many Saudi-based expats originate. 

The Kingdom’s commitment to financial innovation, coupled with a strong expat-driven economy, will likely keep remittance flows elevated in the months ahead. 


Jordan’s total exports rise 8.5% YoY in first 5 months

Jordan’s total exports rise 8.5% YoY in first 5 months
Updated 28 July 2025

Jordan’s total exports rise 8.5% YoY in first 5 months

Jordan’s total exports rise 8.5% YoY in first 5 months
  • National exports climbed 9.2% to reach 3.58 billion dinars
  • Re-exports increased 2.3% to 360 million dinars

RIYADH: Jordan’s total exports rose 8.5 percent year on year in the first five months of 2025 to 3.94 billion Jordanian dinars ($5.55 billion), driven by robust growth in national shipments, official data showed. 

According to the monthly foreign trade report issued by the Department of Statistics, national exports climbed 9.2 percent during the January–May period to reach 3.58 billion dinars, while re-exports increased 2.3 percent to 360 million dinars, Jordanian news agency Petra reported. 

The data comes as the kingdom’s improving external trade performance aligns with broader regional trends, with the Gulf Cooperation Council economy expanding 1.5 percent year on year in the fourth quarter of 2024, led by gains in the non-oil sector, according to the GCC Statistical Center. 
 
“For May 2025 alone, total exports stood at 901 million dinars, including 826 million dinars in national exports and 75 million dinars in re-exports. Imports for the month totaled 1.581 billion dinars, resulting in a trade deficit of 680 million dinars,” Petra said. 

During the month, total exports rose by 2.4 percent year on year, driven by a 4.8 percent increase in national exports, while re-exports saw an 18.5 percent decline. 

Imports for the same month totaled 1.581 billion dinars, marking a 5.6 percent drop, which contributed to a 14.5 percent reduction in the trade deficit. 

The coverage ratio for May rose to 57 percent, up from 53 percent in May 2024, marking a four-percentage-point improvement. 

Jordan’s economy is projected to grow by 2.7 percent in 2025, with expectations of accelerating to 3.5 percent in the medium term, according to central bank governor Adel Sharkas, who made the projection in March. The upward trend in trade performance is seen as a key contributor to this outlook. 

The positive trade momentum coincides with modest industrial growth. Jordan’s Industrial Production Index rose 2.07 percent in the first five months compared to the same period last year, according to the Department of Statistics. 

The rise was driven by higher output in manufacturing and electricity production, while quarrying declined. Monthly, the IPI rose 0.74 percent year on year in May and surged 2.95 percent from April. 

Fitch Ratings in May affirmed Jordan’s long-term foreign-currency issuer default rating at “BB-” with a stable outlook, citing macroeconomic stability and continued reform progress.

The US-based agency added that the rating and stable outlook reflect Jordan’s resilient financing sources, including a liquid banking sector, a robust public pension fund, and continued international support.


DIFC reports best-ever H1 performance with 32% surge in company registrations

DIFC reports best-ever H1 performance with 32% surge in company registrations
Updated 28 July 2025

DIFC reports best-ever H1 performance with 32% surge in company registrations

DIFC reports best-ever H1 performance with 32% surge in company registrations
  • Number of active registered firms rose to 7,700, an annual rise of 25%
  • DIFC reported 9% increase in its workforce

RIYADH: Dubai International Financial Center has announced its best-ever performance for the first half of a year, with 1,081 new companies registered between January and June — a 32 percent annual increase.

The total number of active registered firms at the financial hub rose to 7,700 in the first half of the year, an annual rise of 25 percent, according to the Government of Dubai Media Office.

DIFC also reported a 9 percent increase in its workforce, bringing the number of professionals employed in the center to 47,901.

The performance comes as Dubai continues to strengthen its position as a global financial hub, with the DIFC consistently ranking among the top 20 financial centers worldwide. It hosts more than 250 wealth and asset management companies, worth over $450 billion, which contribute about 5 percent to the emirate’s nominal gross domestic product.

“Dubai has entered a new and greater phase of growth, and these results highlight the competitiveness, attractiveness, and global confidence it enjoys,” said the Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, Maktoum bin Rashid Al-Maktoum.

He added: “We firmly believe the future holds even more opportunities, and we will continue to strengthen DIFC’s capabilities and its ecosystems that foster innovation, agility, and business growth.”

The Dubai Financial Services Authority, which regulates entities operating from the center, reported a 28 percent year-on-year increase in financial services approvals, reaching 78 in the first half of 2025.

Hedge funds registered through DIFC also grew 72 percent to 85 accounts, reinforcing its role as the region’s largest hub for the sector.

Essa Kazim, governor of DIFC, said the center “remains the driving force behind Dubai’s economic growth” by diversifying the financial services sector.

The number of companies in fintech, artificial intelligence, and other innovation-driven industries rose 28 percent to 1,388.

DIFC also hosted major events, including Dubai AI Festival in April and Dubai FinTech Summit in May, underlining its ambitions to become a major hub for financial technology.

DIFC Academy, the center’s education arm, trained 4,947 learners in the first half of 2025 and continues to advance its “1 Million Learners” initiative to equip individuals with sustainability skills by 2030.

In real estate, the launch of DIFC Heights sold out in three days, and over 1.6 million sq. feet of new commercial space is under development to meet growing demand, the media office added.


Saudi regulator eases approval process for rated debt issues

Saudi regulator eases approval process for rated debt issues
Updated 28 July 2025

Saudi regulator eases approval process for rated debt issues

Saudi regulator eases approval process for rated debt issues
  • CMA introduces fast-track mechanism for public debt offering applications
  • Move aims to increase investor participation and improve risk assessment

RIYADH: Public debt issuers in Ƶ can now expect faster regulatory reviews if their offerings carry a credit rating, as the Kingdom moves to boost issuance and expand its fixed-income investor base. 

The Capital Market Authority has introduced a fast-track mechanism for public debt offering applications that agencies licensed by the regulator have rated. The incentive will remain in effect through the end of 2026, according to a press release. 

By encouraging issuers to obtain credit ratings, the CMA aims to increase investor participation and improve risk assessment across the market. 

The move comes amid Ƶ’s ongoing efforts to develop a more diversified and resilient financial system under Vision 2030. 

Strengthening the domestic capital market, particularly fixed income, is a strategic priority for the Kingdom as it seeks to reduce dependence on oil revenues, channel more private capital into economic development, and empower the private sector as a driver of growth. 

“Through this measure, the CMA aims to build a more mature and stable debt instruments market with a diversified investor base and strengthened confidence among all participants,” the statement said.

“A credit rating is not merely an indicator of the issuer’s creditworthiness; rather, it serves as an effective tool enabling investors to make well-informed investment decisions,” it added. 

While Ƶ’s equity market has seen strong growth in recent years, the debt segment remains relatively underdeveloped compared to global peers. Enhancing transparency and risk differentiation through credit ratings is viewed as key to unlocking greater institutional and foreign investor participation, which in turn supports more competitive pricing and long-term market stability. 

The CMA has already implemented a series of structural reforms to mature the market, including expanding the qualified investor base, enabling foreign ownership of debt securities, and promoting the issuance of sukuk and conventional bonds. 

These reforms are designed to improve capital access for issuers while giving investors better tools to assess risk and return. The latest measure builds on these initiatives by directly linking faster regulatory review to the presence of a third-party credit opinion. 

The regulator expects the move to stimulate a higher volume of rated debt issuances, accelerate application processing, and strengthen market confidence, ultimately fostering a more dynamic and diversified capital market ecosystem.