#crown-prince-mohammed-bin-salman

#crown-prince-mohammed-bin-salman

"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."

The Ministers strongly condemned the unjustifiable Iranian attacks against the GCC countries which threaten regional and global security and called on Iran to cease immediately its attacks, they said in a joint EU-GCC statement. The statement also reaffirmed that Gulf countries have the right to take all necessary measures to defend their security and stability and protect their territories, citizens and residents.

The ongoing conflict between the US and Israel against Iran is creating significant challenges for Gulf Arab nations, which are already feeling the economic strain from rising tensions and instability in the region.

Saudi Arabia just made its most aggressive move yet in that generational project. The kingdom announced a new $40 billion technology investment fund, developed in partnership with American venture capital heavyweight Andreessen Horowitz (a16z), aimed at positioning Saudi Arabia as a global hub for artificial intelligence, cloud infrastructure, and advanced computing.

The level of accuracy in some of this targeting you can see it in our neighbours as well as the kingdom indicates that this is something that was premeditated, preplanned, preorganised and well thought out.

The global impact of the Gulf countries is not limited to oil. This region is a hub of the international economy and if it decides to focus on its defense and to start pulling investments and to stop its [economic] engagement with the international community, the effect will be felt in every household in the world.

Three years ago [when Web Summit Qatar began], people were talking about entering a multi-polar world. We are now living in a multi-polar world, said Paddy Cosgrave. As evidence, he referenced the fiery rebuke of Donald Trump given by the Canadian prime minister, Mark Carney, at Davos a few weeks prior. He pointed to the act that had preceded him on stage: dancing robots built by a Chinese company, which he called the most advanced in the world.