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
Yalta International Economic Forum Yalta International Economic Forum The Yalta International Economic Forum (shortened as YIEF) is an annual business event held in Yalta on the Crimea Peninsula since 2015. It is considered the fourth largest Russian economic forum, after the Petersburg International Economic Forum, the Eastern Economic Forum and the Sochi Investment Forum. The forum is sponsored by the local Government of the Republic of Crimea and the Yalta International Economic Forum Fund, all Russian sources. The YIEF sees itself as an international venue for discussing socio-economic development issues, for Russia and the world economy as a whole. According to the organizers, the