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His Excellency Sheikh Faisal bin Thani bin Faisal al-Thani, Minister of Commerce and Industry, held a series of high-level bilateral meetings with several ministers, senior officials, and chief executive officers of leading global companies, on the sidelines of the World Economic Forum (Davos 2026), held in Switzerland. During the forum, he met with Saudi Arabia’s Dr Majid bin Abdullah al-Kassabi, Minister of Commerce, and Bandar bin Ibrahim al-Khorayef, Minister of Industry and Mineral Resources; Khalifa bin Abdullah al-Ajeel, Minister of Commerce and Industry of Kuwait; and Melanie Joly, Minister of Industry and Minister responsible for Economic Development in the Quebec regions of Canada. The meetings discussed ways to enhance co-operation in the fields of trade, investment, and industry, exchanged views on key topics on the forum’s agenda, and addressed a number of issues of mutual interest.**media[407985]**As part of efforts to strengthen partnerships with the global private sector, HE Sheikh Faisal also met with senior executives from leading international companies participating in the forum, including the chief executive officer and chairman of the Spanish global energy company Iberdrola; the head of the Middle East and North Africa region at Schneider Electric, the chief executive officer of Fincantieri, the Chairman of Bharti Enterprises, the chief executive officer of Enivida, and the chief executive officer of Authentic Brands Group. The meetings also included discussions with executives from global companies operating in the fields of technology, energy, finance, digital services, and strategic consulting, including Palantir Technologies, McKinsey, Honeywell Energy, Uber, JPMorgan, and Oliver Wyman Group. These meetings come within the framework of Qatar’s efforts to build high-quality economic partnerships and attract value-added investments that support sustainable economic growth and increase the contribution of non-oil sectors to the gross domestic product, in line with the priorities and objectives of the Third National Development Strategy and Qatar National Vision 2030. The discussions addressed ways to enhance trade co-operation, capitalise on available investment opportunities in promising sectors, and attract foreign direct investment to Qatar, while highlighting the incentives and legislative frameworks offered by the country to support the private sector and encourage investors and business leaders to invest in the Qatari market. The minister also participated in a high-level session titled “Strategic Partnerships and Investments in the Minerals Sector,” which discussed ways to strengthen international co-operation in this vital sector and its role in supporting global supply chains and sustainable industrial development. 

Growing support for far-right parties is pressuring European governments to introduce stricter controls on immigration. Switzerland is set to vote on a proposal that would take the idea to the next level — imposing a cap on its population.The initiative could lead eventually to a blanket ban on new arrivals if the number of residents rises from around 9mn currently to above 10mn, with little distinction made between refugees, skilled workers and top managers on six-figure salaries.Citizens will likely vote on the proposal next year under the country’s unique system of plebiscites on constitutional amendments and policy, and polls suggest there’s a chance they’ll approve it. The risk is it could lead to shortages of critical skills that end up harming Switzerland’s competitiveness. The outcome will show how far citizens are willing to go to preserve some of the traits that made their country such an appealing destination. What prompted the call for a Swiss population cap? Switzerland’s dynamic economy has made it a major draw for foreign workers. The country is home to global businesses including UBS Group AG, Nestle SA and Novartis AG. Its relatively low taxes, highly skilled population and lean approach to government have also drawn in big foreign businesses including Google, IBM Corp and Walt Disney Co. The country’s per-capita economic output is now the sixth-highest in the world.The nation’s population has grown steadily for almost five decades, and many locals now complain of sky-high rents, traffic jams and overcrowding on trains and buses that harm their quality of life.The right-wing Swiss People’s Party, or SVP, won 28% of the vote in the last election with a campaign that presented Swiss citizenship as a privilege, not a right. It came up with the idea of a population limit in 2023, presenting it as a way to preserve the Swiss lifestyle and protect its environment from excessive human activity. How fast is Switzerland’s population growing? Switzerland’s population has grown by about 10% over the past decade. That’s much quicker than in the European Union, where the population grew less than 2% over the same period, according to World Bank data. Migration is the biggest contributor to the Swiss population increase, with the natural growth rate — the difference between births and deaths — accounting for only about a tenth of the growth.The increase was especially high in 2023 as national statistics factored in the arrival of refugees from Ukraine for the first time. In most years, migrants have come largely from the EU or countries with which Switzerland has a free-trade and association agreement. Is the vote likely to pass? There’s a fair chance that it will, even though the government — which in Switzerland is always composed of the largest parties, including the SVP — opposes the plan. A poll conducted in late November and published on December 7 suggested that 48% of voters were either inclined to back the proposal or had already decided to vote for it. A smaller percentage, 41%, was against, while 11% of voters were undecided.In Switzerland’s system of direct democracy, citizens cast ballots as much as four times a year on issues ranging from inheritance taxes to whether apes should get human rights. Support for a proposal tends to decline as the vote date draws nearer. However, an earlier survey in July also showed a 48% approval rate for the population cap idea, suggesting it has a steady base of support that is not so likely to shrink. What would enforcing the population cap involve? Supporters of the plan propose a multi-step arrangement that would be triggered if Switzerland’s population surpasses the 9.5mn mark before 2050. That’s quite likely to happen: Current forecasts project the country will come close to the threshold in five years and cross it by 2035.The first target would be asylum seekers and families of foreign residents who wish to follow them into Switzerland. People admitted to the country on a temporary basis would no longer be entitled to a residence or settlement permit, citizenship or any other right of residence.**media[392261]**If the threshold of 10mn residents is crossed, the country would then withdraw from what the proposal describes as “population-driving” international treaties.If the population doesn’t fall back below 10mn two years after that, Switzerland would as a final step quit the free-movement accord it has with the European Union. This would have far-reaching consequences as it would trigger the cancellation of a range of other bilateral deals the Swiss have with the bloc. It would also call into question the residence rights of some 1.5mn EU citizens currently living and working in Switzerland and threaten the country’s access to the EU’s single market. How does Switzerland’s business community view the proposal? Various lobby groups have expressed concerns. Economiesuisse warned of “substantial” damage from the proposal, pointing to an expected shortage of 430,000 workers by 2040 that it said could not be filled without immigration. Manufacturing lobby Swissmem said the recruitment of skilled workers from the EU is “essential” for the export-dependent sector.Some individual business leaders support the proposal, including Ems-Chemie Holding AG Chief Executive Officer Magdalena Martullo-Blocher and businessman Thomas Matter. Both are lawmakers for the SVP in the national parliament. What could be the impact on Switzerland and its economy? There have been no formal estimates of the proposal’s economic impact, but it’s widely assumed it would be a drag on growth. Beside the expected labour shortages and an accelerated aging of society, there’s the risk of severe trade disruption if the bilateral agreements with the EU — the destination for more than 40% of Swiss exports — were to fall away.The initiative’s proponents argue such issues would be offset by lower housing rents and lower costs for infrastructure and public welfare. 

Swiss participants in the flotilla that tried to break through the Israeli maritime blockade on Gaza have faced "cruel, inhumane, and degrading treatment" in Israeli detention, their organisation said Tuesday.The Waves of Freedom Switzerland organisation said Israel had conducted "illegal and shameful attacks on the humanitarian and peaceful flotillas", followed by "equally illegal arrests and detentions"."It subjected our citizens to cruel, inhumane, and degrading treatment, as defined in the International Convention against Torture, both physically and psychologically," said the group, which goes by the acronym WOFA.Nineteen Swiss nationals took part in the Global Sumud Flotilla, which aimed to break an Israeli blockade to deliver aid to the Gaza Strip, where the United Nations says famine has taken hold after two years of devastating conflict.Israel started intercepting the flotilla vessels in international waters on October 1. Israeli police said more than 470 people aboard the boats were arrested.While nine Swiss nationals have been released, 10 are still detained, WOFA said.They were expected to be released on Tuesday, it said, adding: "We remain cautious in the face of a state that has long since abandoned any respect for the rule of law."WOFA said those released had described "sleep deprivation, lack of access to water and food, lack of medical care, and verbal and psychological abuse".Some, it said, "were kept handcuffed for long hours without any justification", while others "were slapped, beaten, and locked in a cage".In addition, "all medical treatments have been denied, including essential medicines like insulin for diabetes," it charged.The accusations echoed those of flotilla participants from other countries."The first 48 hours there was no food, no water at all," German flotilla member Yasemin Acar said upon her arrival in Greece on Monday."We were beaten. We were threatened... We were kept under the sun, our hands were cuffed to the back," she said.WOFA said it was "documenting the serious abuses suffered by our compatriots, as well as those they have witnessed"."These facts will be forwarded to the competent judicial authorities with a view to initiating legal proceedings."

The third session of the Joint Economic and Financial Committee between the Ministry of Finance of the State of Qatar and the Federal Department of Finance of the Swiss Confederation was held Wednesday in the city of Bern, Switzerland.The Qatari side was headed by HE the Minister of Finance Ali bin Ahmed al-Kuwari, while the Swiss side was chaired by President of the Swiss Confederation Karin Keller-Sutter.The meeting was also attended by a number of senior officials from both governmental and private sector entities on both sides.During this session, the Qatar-Switzerland Joint Committee discussed a range of proposals and ideas aimed at enhancing economic and investment co-operation between the two countries.Discussions covered topics such as digital finance, sustainable finance, and avenues of co-operation in the infrastructure sector, in addition to collaboration in sustainable investments and joint efforts in development projects.In his closing remarks at the conclusion of the third session of the Committee, HE al-Kuwari emphasised the importance of this partnership between the two countries, stating: "Qatar and Switzerland share many common values; both countries have open economies and are strongly committed to constructive international engagement. I am confident that the continued meetings of our Joint Committee will further strengthen our bilateral friendship and economic co-operation."Prior to the joint Committee's session, a technical committee meeting was held, chaired on the Qatari side by Deputy Undersecretary for Economic Affairs at the Ministry of Finance Dr Saud bin Abdullah al-Attiyah, and on the Swiss side by Head of the Planning and Strategy Department at the State Secretariat for International Financial Matters (SIF) Christoph Konig and Head of Bilateral Economic Relations at the Swiss Federal Laboratories for Materials Science and Technology (EMPA) Andrea Rauber Saxer.The technical meeting served to prepare for the Committee's work and discuss key areas of co-operation, contributing to the success of the current session.Holding the Qatar-Switzerland Committee follows the signing of a memorandum of understanding in March 2022 between the State of Qatar, represented by the Ministry of Finance, and the Swiss Federal Council, represented by the Federal Department of Finance.The MoU aims at establishing the Joint Committee on Financial and Economic Affairs to promote and strengthen bilateral relations. The meetings of the Joint Committee are held alternately in both countries.