Latest news with #DavosForum
Hi Dubai
19-05-2025
- Business
- Hi Dubai
UAE and World Economic Forum Launch 2025 Global Future Councils in Dubai
The UAE Government and the World Economic Forum have announced the 2025 edition of the Global Future Councils, set to take place in Dubai from October 14 to 16, marking a renewed commitment to global dialogue and future-oriented collaboration. This high-level gathering will convene 36 councils composed of 700 experts from over 580 organisations across 93 countries. The councils aim to generate thought leadership on global challenges such as technological disruption, geopolitical tensions, and environmental concerns. Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and Co-Chair of the Councils, said the initiative reflects the shared values of the UAE and WEF in promoting inclusive, forward-thinking solutions. 'For more than five decades, our relationship with the World Economic Forum has centred on open global dialogue—with humanity at its core,' he said. Børge Brende, President of the WEF, noted that the councils stand out for their cross-disciplinary approach. 'They bring together experts from different fields to identify new areas for future cooperation,' he added. The councils will continue their evolution as platforms for transformative change. Over the last 16 years, they've united more than 6,600 thought leaders and driven discussions shaping major global events such as the Davos Forum and Sustainable Development Impact Meetings. Ruqayya AlBlooshi of the UAE Prime Minister's Office highlighted the UAE's role in mobilising global networks that influence nearly $8 trillion in economic value. Martina Szabo of the WEF added that the new term will deepen collaboration across sectors and focus on actionable insights to tackle global complexity. This year's edition signals not just continuity, but also a renewed push to turn dialogue into impact. News Source: Emirates News Agency
Associated Press
06-03-2025
- Business
- Associated Press
TOJOY CEO GE Jun Advocates Enhanced China-Europe Collaboration at Kopaonik Business Forum
HONG KONG SAR - Media OutReach Newswire - 6 March 2025 - GE Jun, the Chairman of the Board and CEO of TOJOY Shared Smart Enterprise Services Co Ltd ('TOJOY'), received a special on-stage interview with former Prime Minster of Montenegro Igor Lukšić at the 32nd Kopaonik Business Forum in Serbia, underscoring the urgent need for stronger China-Europe cooperation. The prestigious event, often compared to Davos Forum, convened over 1,500 global leaders, including heads of state, government officials, diplomats, and executives, to discuss pressing economic issues. GE Jun, the Chairman of the Board and CEO of TOJOY received a special on-stage interview at the 32nd Kopaonik Business Forum Leading a delegation of Chinese entrepreneurs, Mr. Ge emphasized China's commitment to global economic dialogue. He addressed trade dynamics, stating that unilateral measures like tariffs could hinder mutual growth, resulting in a 'lose-lose' situation. 'Trade is a cornerstone of progress,' he remarked. 'Openness and innovation, not barriers, drive prosperity.' Marking 50 years of China-EU diplomatic ties, Mr. Ge highlighted China's market potential, citing its 1.4 billion consumers—including 400 million middle-income individuals—and consistent open-market policies. He pointed to a significant investment increase by multinational firms as evidence of China's appeal, alongside its annual output of 7 million engineering graduates, outpacing the combined totals of the U.S., Russia, India, and Iran. He highlighted opportunities in electric vehicles, 5G, green energy, and healthcare, inviting global leaders to come see China's innovations for themselves. Mr. Ge championed the sharing economy's transformative role, noting that platform-based enterprises can bridge China and Europe by leveraging complementary strengths. He highlighted TOJOY Shared Group's evolution into a big data-driven platform, connecting 5.5 million users to foster entrepreneurial resource sharing. Through its '1+N' model, TOJOY aims to cultivate unicorn enterprises and expand globally, with big data as a key driver. The Chinese delegation, under Mr. Ge's leadership, actively participated in forum sessions, raising awareness of China's enterprises and markets. Their engagement seeks to bolster China-Europe economic ties and advance multinational projects for shared progress. Hashtag: #TOJOY
Zawya
06-03-2025
- Business
- Zawya
TOJOY CEO GE Jun Advocates Enhanced China-Europe Collaboration at Kopaonik Business Forum
HONG KONG SAR - Media OutReach Newswire - 6 March 2025 - GE Jun, the Chairman of the Board and CEO of TOJOY Shared Smart Enterprise Services Co Ltd ("TOJOY"), received a special on-stage interview with former Prime Minster of Montenegro Igor Lukšić at the 32nd Kopaonik Business Forum in Serbia, underscoring the urgent need for stronger China-Europe cooperation. The prestigious event, often compared to Davos Forum, convened over 1,500 global leaders, including heads of state, government officials, diplomats, and executives, to discuss pressing economic issues. Leading a delegation of Chinese entrepreneurs, Mr. Ge emphasized China's commitment to global economic dialogue. He addressed trade dynamics, stating that unilateral measures like tariffs could hinder mutual growth, resulting in a "lose-lose" situation. "Trade is a cornerstone of progress," he remarked. "Openness and innovation, not barriers, drive prosperity." Marking 50 years of China-EU diplomatic ties, Mr. Ge highlighted China's market potential, citing its 1.4 billion consumers—including 400 million middle-income individuals—and consistent open-market policies. He pointed to a significant investment increase by multinational firms as evidence of China's appeal, alongside its annual output of 7 million engineering graduates, outpacing the combined totals of the U.S., Russia, India, and Iran. He highlighted opportunities in electric vehicles, 5G, green energy, and healthcare, inviting global leaders to come see China's innovations for themselves. Mr. Ge championed the sharing economy's transformative role, noting that platform-based enterprises can bridge China and Europe by leveraging complementary strengths. He highlighted TOJOY Shared Group's evolution into a big data-driven platform, connecting 5.5 million users to foster entrepreneurial resource sharing. Through its "1+N" model, TOJOY aims to cultivate unicorn enterprises and expand globally, with big data as a key driver. The Chinese delegation, under Mr. Ge's leadership, actively participated in forum sessions, raising awareness of China's enterprises and markets. Their engagement seeks to bolster China-Europe economic ties and advance multinational projects for shared progress. Hashtag: #TOJOY The issuer is solely responsible for the content of this announcement. TOJOY Shared Smart Enterprise Services
Korea Herald
17-02-2025
- Business
- Korea Herald
LG Energy Solution outpaces battery rivals in global sustainability rankings
Korean battery leader LG Energy Solution is being recognized in global evaluations of corporate environmental, social and governance efforts, driven by its accelerated progress toward net-zero operations. LG Energy Solution announced Monday that it had been named an 'industry mover' by credit ratings giant S&P Global in its annual ESG performance assessment, following an increase of more than 5 percent year-on-year in its score. Released Feb. 11, S&P's 2025 Sustainability Yearbook evaluated over 7,690 companies on their transition to more sustainable business models and contributions to carbon neutrality over the past year. The yearbook serves as a key benchmark for assessing how well companies are preparing for long-term business sustainability. In last year's assessment, LG Energy Solution was the only electricity facility company among the 56 industry movers and, for the first time, entered the top 15 percent of the electrical components and equipment sector. The company received high scores for its climate strategy, driven by a systematic assessment of climate risks and proactive efforts to reduce carbon emissions in line with its phased action plans, which target achieving net-zero emissions across its entire value chain by 2050. As part of these efforts, the company strengthened its role in supporting partner businesses in reducing emissions and enhanced control over emissions generated throughout its products' life cycle. These initiatives earned the company additional recognition in various ESG evaluation criteria. In a separate research report released at the World Economic Forum in Switzerland, commonly referred to as the Davos Forum, in January, LG Energy Solution ranked 12th among the global top 100 companies for exceptional sustainability and No. 1 among battery manufacturers. The assessment, conducted by Canada-based research firm Corporate Knights, surveyed global business giants with annual sales exceeding $1 billion. The evaluation, announced annually at Davos, highlights companies leading in sustainable business practices. LG Energy Solution was recognized for its energy-efficient production, transition to renewable energy sources, and eco-friendly sales and investments. 'As one of the world's largest battery-makers, LG Energy Solution is at the center of the transition to a net-zero economy,' said Corporate Knights CEO Toby Heaps. 'It has confirmed its global leadership by being selected as one of the top 100 global sustainable companies.' Beyond its acclaimed ESG efforts, LG Energy Solution plans to accelerate its drive toward carbon neutrality. The company aims to expand its presence in the battery recycling market, establishing a closed-loop circular system to minimize waste from used batteries and regenerate materials for new battery production. 'We will continue to respond agilely and flexibly to changing business regulations and markets,' said an LG Energy Solution official. 'We believe that our ESG management will place us in a leading position to secure sustainable competitiveness and benefit our customers.'
Daily Tribune
16-02-2025
- Business
- Daily Tribune
Non-oil industries fuel 85% of Bahrain's economy as National Action Charter pays off
Bahrain's non-oil industries now drive 85 per cent of the economy, a sharp break from the days when oil ruled the roost. The shift, years in the making, stems from a drive to broaden the country's income since the National Action Charter set the wheels in motion. Finance and manufacturing are leading the charge, with government policies pushing their expansion. Charter's launch Since the charter's launch, Bahrain has steered itself away from oil dependence, spreading its bets across financial services, industry, and tourism. The Kingdom has set its sights on building a sturdier economy by backing these key industries. Bahrain has also made its mark as a financial hub in the Gulf, with banking — especially Islamic finance — at its core. The country is home to a spread of financial institutions, from traditional and Islamic banks to insurance firms. Figures lay out the state of play. The financial sector chips in 16.7 per cent of GDP, with 406 firms in operation. Sectors Manufacturing follows at 14.5 per cent, then transport and communications at 6.8 per cent, construction at 6.6 per cent, real estate at 4.1 per cent, and hotels and restaurants at 2.4 per cent. Other service industries make up 18.7 per cent. Oil, though still in the mix, now accounts for 20.8 per cent of GDP. Economic growth runs at an average of 5 per cent a year. Non-oil industries According to Sustainable Development Minister and Economic Development Board Chief Executive, Her Excellency Noor Al Khulaif, non-oil industries are now the backbone of Bahrain's economy. Speaking during the Davos Forum, she pointed to manufacturing as the second-largest contributor outside oil, with aluminium playing a key role. Data from Bahrain's Open Data Portal backs this up. Manufacturing In the first quarter of 2024, manufacturing made up 21.01 per cent of GDP, the second-highest contributor. That dipped to 18.93 per cent in the second quarter before climbing back to 20.08 per cent in the third. The country's economic blueprint was set down in 2008 when His Majesty the King signed off on Economic Vision 2030. It lays out a path for growth, with a sharp focus on lifting living standards. Principles At its core, the plan rests on three key principles: keeping government finances steady, making Bahrain more competitive on the world stage, and ensuring fairness across the board. The first relies on sound spending and backing workers through training and skills development, especially in applied sciences. Competitiveness hinges on making businesses more productive, cutting red tape, and giving the economy the push it needs to grow. As for fairness, the plan calls for openness in both the public and private sectors, from hiring practices to land auctions and tendering deals.
