National Bank of Kuwait (NBK) will participate in the 40th annual meetings and activities of the World Economic Forum (WEF) to be held in Davos – Switzerland from 27 to 31 January 2010 under the theme " Improve the State of the World: Rethink, Redesign, Rebuild". NBK's CEO, Ibrahim Shukri Dabdoub and Deputy CEO Shaikha Al Bahar will join more 2,500 leaders from more than 90 countries representing business, government, civil society, academia and culture who will work together to address pressing challenges and future risks.
NBK's CEO and Deputy CEO will actively participate in a number of the world prominent activities during the forum, including the 1st day inaugural session which will discuss the global financial crisis and the risks of potential collapse of the global financial system as well as the incessant weakness of the financial system and how to deal with them in 2010. In addition to Mr. Dabdob, the session will be attended by president of Swiss Re, Stefan Lippe, president of the Bank for International Settlements (BIS).
NBK will also participate in the CNBC International with Maria Bartiromo entitled “The Forthcoming Global Crisis.. When and How?" which will focus on the ongoing debate on regulating the financial services worldwide, the prospects of another global financial crisis as well as the return to financial protectionism and the role of sovereign funds.
During five days filled with hundreds of working sessions, the Forum will basically address the ongoing challenges facing the world economy and the expected future risks. Global multistakeholder cooperation lies at the heart of the Forum's mission to improve the state of the world.
Nicolas Sarkozy, President of France, will deliver the opening address of the Forum which will be Co-Chaired by a host of world prominent figures including Chairman of Deutsche Bank, Josef Ackermann, GCEO Standard Chartered Bank, Peter Sands, CEO Google, Eric Schmidt and Co-Chair, Bill & Melinda Gates Foundation, Melinda French Gates.
NBK, a strategic supporter and partner of the WEF's 40th annual meetings, has always been a regular participant at the Forum's international and regional spectrum of activities.
