Trump’s inauguration dominating conversation as warmer Davos raises eyebrows

Trump’s inauguration dominating conversation as warmer Davos raises eyebrows
What was widely spoken in Davos was the warmer weather, an unavoidable consequence of the climate change that the World Economic Forum has so desperately tried to combat. (AFP)
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Updated 22 January 2025

Trump’s inauguration dominating conversation as warmer Davos raises eyebrows

Trump’s inauguration dominating conversation as warmer Davos raises eyebrows

DAVOS: The World Economic Forum’s Annual Meeting in Davos is welcoming global elites as US President Donald Trump’s inauguration dominates both conversations and headlines.

Day one of the forum’s flagship event was more of a prelude to what is to come, with only one panel taking place, titled “First Impressions: Inauguration Day.”

The rest of the program was free for networking within the Congress Center’s cafes, lounges and hallways. A new booth serving crepes in front of the high-level delegates lounge is a popular addition to this year’s meeting.

What was unpopular — so to say — but widely spoken of, was the warmer weather, an unavoidable consequence of the climate change that the World Economic Forum has so desperately tried to combat.

Indeed, looking out of the window as the SBB train curls around the Swiss Alps overlooking the ski-resort towns of Klosters and Davos, the usually snow-blanketed mountains and hills appear patchy. While nobody complains about the sun shining above, it still serves as a dreadful reminder that not even the elites can hide from the unsuspecting elements affected by humans.

“It’s getting warmer each year. Who knows what will happen five years from now,” one of the drivers of the fleet of shuttles bussing participants back and forth between Klosters and Davos tells me, wearing a tight-fitting short-sleeved shirt and colorful sport glasses.

Davos chic was on full display on the promenade, where pricey suits were paired with clunky snow boots. And with the temperature not dissimilar to that of London’s, participants kept their jackets in the cloak rooms as they walked through the several different tech, government and NGO pavilions that graced the slush-slapped street.

Among the new pavilions — termed “houses” — is Saudi House, dedicated to hosting distinguished, Davos-accredited panels, talks and discussions revolving around and its role in the world.

“Saudi House was designed to facilitate the participation of all the (Saudi) government entities taking part in Davos in one location,” Faisal Alibrahim, the Saudi minister of economy and planning, told Arab News in a previous interview.

“We think putting everyone in one place will create the vibrancy that can demonstrate and echo the vibrancy we are seeing here in the Kingdom.”

Other items on display at the house are dishes and drinks from Saudi cuisine. Plates of lamb kabsa — a hearty, spiced rice dish — were lapped up by attendees and washed down with a fluorescent red concoction made from rose-water and hibiscus juice. The other drink, what can only be described as a neon green fluid that looked as if it came from a lava lamp, was a surprisingly refreshing mix of mint and Curacao syrup.

As Washington ushers in a new president, who has vowed to “very simply, put America first” — all those attending the World Economic Forum’s Annual Meeting are bracing themselves to working through another four years of Trumpmania.


Second day of Biban 2025 sees 21 agreements, 5 initiatives launched 

Second day of Biban 2025 sees 21 agreements, 5 initiatives launched 
Updated 47 sec ago

Second day of Biban 2025 sees 21 agreements, 5 initiatives launched 

Second day of Biban 2025 sees 21 agreements, 5 initiatives launched 

RIYADH: The second day of the Biban Forum 2025 witnessed the signing of 21 agreements, as well as the launch of five new initiatives. 

These efforts reflect the commitment of various entities to support entrepreneurship and empower small and medium enterprises in line with Saudi Vision 2030’s goals to enhance economic diversification, stimulate innovation, and promote sustainable growth.

According to the Saudi Press Agency, the Small and Medium Enterprises General Authority, also known as ѴDzԲ’a, signed several memorandums of understanding and cooperation agreements aimed at supporting entrepreneurship and enabling micro, small, and medium-enterprises across different sectors. 

These included an MoU with the Alwaleed Philanthropies Foundation to support and empower the social entrepreneurship ecosystem, and another with the Al-Ahsa Development Authority to enhance the investment environment in the region and support local entrepreneurs. 

ѴDzԲ’a also signed a cooperation agreement with the Saudi Tourism Authority to empower tourism-related businesses through initiatives, investment opportunities, and training programs, in addition to an MoU with the National Center for Inspection and Compliance to enhance performance quality and regulatory compliance among enterprises.

In the technology sector, ѴDzԲ’a signed an agreement with Elm Co. to provide tailored digital solutions for micro, small, and medium enterprises.

It also signed an agreement with stc Group to offer exclusive discounts on services through the “Mazaya” platform and to collaborate on the “Governance Maturity Assessment” initiative for companies participating in the Tomoh program, as well as on business accelerator programs.

ѴDzԲ’a also inked a deal with the Ministry of Municipal and Rural Affairs and Housing to support the social investment sector, and another with the Ministry of Industry and Mineral Resources to enhance the economic empowerment of nonprofit organizations in the industrial and mining sectors, foster entrepreneurship, and develop innovative solutions that contribute to sustainable development.

On the international front, ѴDzԲ’a signed several MoUs with global entities to strengthen international cooperation and enable Saudi entrepreneurs to expand into global markets. 

These included an MoU with the Estonian Information and Communication Technology Agency to collaborate on international expansion programs and joint incubator and accelerator development; another with X to organize development workshops for entrepreneurs; and one with TikTok to support SMEs via the Mazaya platform and highlight Saudi success stories.

ѴDzԲ’a also signed an agreement with PayPal to collaborate on e-commerce services and growth acceleration programs aimed at international expansion, as well as with the Gulf Cooperation Council Board Directors Institute to develop executive programs under the Tomoh initiative. 

Additional agreements included cooperation with Carve Startup Labs to exchange expertise and implement programs for Tomoh companies, and an MoU with Nest Accelerator to support the international expansion of Saudi startups and empower Saudi women entrepreneurs in Europe and North Africa.

Furthermore, an MoU was signed with Kaspersky to integrate cybersecurity services into the Mazaya platform, and another with the Ethiopian Young Entrepreneurs Association to exchange expertise in developing digital solutions and supporting micro, small, and medium enterprises.

The day also featured several key launches, most notably the introduction of digital payment solutions in partnership between ѴDzԲ’a and Geidea. This initiative provides beneficiaries of the Mazaaya platform with exclusive, discounted digital payment solutions to accelerate digital adoption, reduce operational costs for micro, small, and medium enterprises, and lower payment service fees.

These partnerships and agreements underscore ѴDzԲ’a’s commitment to fostering a comprehensive and supportive entrepreneurial ecosystem, contributing to the realization of Saudi Vision 2030. 

They also reinforce the Kingdom’s position as a global hub for entrepreneurship and investment by driving economic diversification, supporting innovation, and empowering micro, small, and medium enterprises for sustainable growth.