Skip to main content

Qatar forum warns of economic downturn, shift in cryptocurrency

One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power.
Qatar Economic Forum

DUBAI — The final day of the Qatar Economic Forum on Thursday saw global heads of companies and governments stress the need for more cooperation in an increasingly polarized world across traditional and novel industries to find tangible solutions for goals such as reducing emissions, transitioning to clean energy and stabilizing financial markets. 

Doha’s three-day global business and investment event saw a reported 1,000 CEOs and heads of state gather to discuss critical economic issues faced in boardrooms globally.  

Robert Friedland, the founder and executive co-chairman of the Canadian mining company Ivanhoe Mines, said Thursday that one resounding topic was the debate over effective energy transition. 

“We can’t get to a new world in energy without depending on hydrocarbon or nuclear power,” he said, explaining that incumbent energy sources such as liquified natural gas are still needed to develop metals like copper that the world needs to build electric vehicles and evolve into using cleaner energy. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.