𝐀𝐭 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐅𝐨𝐫𝐮𝐦 𝐢𝐧 𝐃𝐚𝐯𝐨𝐬, 𝐒𝐰𝐢𝐭𝐳𝐞𝐫𝐥𝐚𝐧𝐝, 𝐭𝐡𝐞 𝐰𝐚𝐫 𝐢𝐧 𝐆𝐚𝐳𝐚 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐜𝐫𝐢𝐬𝐢𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐝 𝐒𝐞𝐚 𝐰𝐞𝐫𝐞 𝐟𝐫𝐨𝐧𝐭 𝐚𝐧𝐝 𝐜𝐞𝐧𝐭𝐞𝐫.

The World Economic Forum (WEF) held its 54th annual meeting in Davos, Switzerland, on January 19, 2024. The agenda was dominated by the Middle East Red Sea conflict escalation, the war. In Gaza,

The ongoing war in Ukraine, China’s economy, AI, debt restructuring, and global banks were also discussed. however  In geopolitical discourse, the conflicts in Gaza have taken center stage. Prince Faisal bin Farhan, foreign minister of Saudi Arabia, spoke during a session titled “Securing an Insecure World” and emphasized the urgent necessity for a ceasefire. Not just in the Red Sea but across the entire region, he stressed, de-escalation is crucial. In addition, he stressed that the situation in Gaza, where nearly 30,000 civilians have been slaughtered, requires attention and not merely the Red Sea conflict. A ceasefire is necessary right away to avoid any escalation, he said, adding that Israel has not claimed any strategic goals are approaching.

Attacks by Yemen’s Iran-aligned Houthi group on ships in the Red Sea would drive the cost of goods from Asia to Europe much higher, according to logistics giant DP World. Yemen’s vice president and Iran’s foreign minister said the attacks would not stop until Israel ended the war in Gaza.

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