World Economic Forum series of research reports and engages its members in sector-specific initiatives. There have been many other international conferences nicknamed with "Davos". However, the World Economic Forum objected the use of "Davos" in such contexts for any event not organised by them. This particular statement was issued on 22 October 2018, a day before the opening of 2018 Future Investment Initiative (nicknamed "Davos in the desert") organised by the Public Investment Fund of Saudi Arabia. The WEF was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. First named the "European Management Forum", it changed
St. Petersburg International Economic Forum The participants in this B20 summit brought concrete proposals to St. Petersburg with them – aimed at stimulating the global economy, creating jobs, and improving the world's monetary and financial system. From June 18 to 20 SPIEF hosted a Y20 youth summit, and on June 22, 2013 there was a Russia–ASEAN Business Forum. The XVIII St. Petersburg International Economic Forum was held from May 22 to 24, 2014. Theme of SPIEF 2014: "Sustaining Confidence in a World Undergoing Transformation". The Forum included 82 events, and welcomed three foreign heads of state. In total, the Forum was attended by over 7,500