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
World Business Forum World Business Forum The World Business Forum is an annual global business summit held in New York City. A 2008 Burson-Marsteller survey ranked the forum among the world's top five most influential venues for C-Suite executives. The event is organized by WOBI, an executive education and management content firm. The yearly summit brings together over 5,000 attendees, consisting mostly of senior executives, from over 60 countries to hear the debate and discussions of top political and business leaders as well as renowned intellectuals about the current issues and challenges of the world business environment and global economy. The World Business