Saudi Press

Saudi Arabia and the world
Monday, Jan 30, 2023

US, Chinese and Russian leaders will not attend this year’s World Economic Forum in Davos

The annual World Economic Forum (WEF) meeting in Davos, Switzerland has kicked off on Monday with a number of top-tier leaders absent.
US President Joe Biden is skipping this year’s gathering, along with French President Emmanuel Macron, and new British Prime Minister Rishi Sunak.

Russian President Vladimir Putin is also passing on the event, along with the entire Russian business elite, which has been forced off the guest list by Ukraine-related sanctions.

Chinese leader Xi Jinping and Chinese businessmen will also miss the forum following the aftershocks of a recent spike in Covid-19 cases and troubles on the domestic stock market, which saw some $224 billion erased last year from the fortunes of China’s wealthiest people. 

Of the Group of Seven (G7) leaders, only German Chancellor Olaf Scholz is set to attend Davos this year, along with European Commission President Ursula von der Leyen.

Despite the shrinking number of political leaders, this year’s attendance list is rich in top managers. Among 2,700 participants in the official WEF sessions, “we’re likely to surpass the old record from 2020 with 600 global CEOs – including 1,500 C-suite level overall,” according to WEF head of digital and marketing, George Schmitt. 

According to Bloomberg, a total of 116 billionaires are attending the WEF this year, a 40% rise from ten years ago. Representatives from the US will form the largest group with 33 delegates. Some 18 more billionaires are coming from Europe, and 13 from India, including industrialist Gautam Adani, the world’s fourth-richest person, according to the Bloomberg Billionaires Index.

Established in 1971, the World Economic Forum is a not-for-profit foundation and its annual gathering in Davos is the world’s biggest annual economics event. This year’s forum will run until January 20.
Newsletter

Related Articles

Saudi Press
Close
0:00
0:00
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Saudi FM discusses Kingdom’s economy, oil, Iran and US ties in Davos
Israelis rally in three cities against Netanyahu legal reforms
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Saudi Arabia plans to use domestic uranium for nuclear fuel
Mohammed Bin Salman chosen most influential Arab leader of 2022
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
United Arab Emirates says it will teach Holocaust in schools
Saudi Arabia set to overtake India as fastest-growing major economy this year 
International medical experts speak out against COVID-19 restrictions on China
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Saudi Arabia’s female ambassadors: Who are the five women representing the Kingdom?
Almubarak named ‘The Best Central Bank Governor of the Year 2023 for the Middle East’
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
Tax fraud verdict again exposes illusion of Trump the master businessman
×