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 Miloš Zeman and Chairman of the Parliament of Romania Nicolae Vacaroiu. In addition, representatives of the IMF and IBRD were in attendance. The Forum was held on June 18–22, 2002 under the motto "Russia and the CIS; Moving Towards Sustainable Development — Issues of Governance". The Forum was attended by more than 2,000 representatives of Russia and 40 foreign countries (including the CIS). The Forum programme included presentations of investment projects, exhibitions, and business negotiations that culminated in of contracts and agreements signing. The main result of the Forum was the further improvement of international economic relations. The VI Forum