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
International Business Leaders Forum power of partnership for development. IBLF was founded in 1990 by HRH The Prince of Wales, Robert Davies, and a group of chief executives of international companies in response to the emerging challenges of economic growth and change in the global economy. IBLF worked with multinational companies including Coca Cola Enterprises, Shell, Accenture, and Diageo. The IBLF ceased to operate in October 2013. International Business Leaders Forum The International Business Leaders Forum (IBLF) was an independent, nonprofit global members' organisation of multinational companies that worked with business, government and civil society, focusing on sustainability, growth, and leadership issues. John Brock,