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The World Economic Forum is invited to answer recession fears profit down Bank of America Bank Mizuho Japanese soon in Riyadh Bank Saba Islamic distributes high profits atipamezole Launching Fund "Offshore" Global Investment in real estate high profits ALDAR 55 percent Cisco " invest 1.6 billion dollars in information atipamezole and communication technology in the United Arab Emirates 3 billion dollars in profits "STC" in 2007 Nokia closed its plant in Germany amid sharp criticism chandeliers Gulf have the $ 246 billion Iran is ready to supply atipamezole the pipeline European atipamezole gas Forum Moorish around " Education for all "in Tunisia 900 million atipamezole tourists in the world and the Middle East received the top of the list growth expectation atipamezole of rising prices atipamezole of tourism in Jordan, atipamezole 10% exhibition" Dubai effects and the arts, "signed" Hutton "World Autumn Fair nineteenth in Bahrain In Competitiveness Forum. . Saudi economy suffers from corruption and poor productivity small indicators Contracts and Tenders Trade Corporate News
Begin in Swiss resort atipamezole of Davos on Wednesday of the session of the 38th World Economic Forum under the slogan atipamezole "The Power of Collaborative Creativity" Over the five days, and declared the World Economic Forum said in a statement that climate change and economic uncertainty and a lack of energy and food security among the issues to be discussed by political and business leaders added "that if we look to the future immediately clear that the complexity and competing interests and scarce resources remain the biggest obstacles to progress in the face of the global agenda in the absence of Great Leadership or international monitoring."
And hold the annual meeting under the shade of a financial crisis, and expectations of recession for the U.S. economy, and participants are invited atipamezole to ask whether "the world gets a cold whenever America sneezed," or "If Asia is ready to play its role on the world stage", according to a study published by the organizers of the forum, the Reserve Fed expected to decline in the value of assets of about 150 billion dollars due to the subprime crisis, but other losses for the financial sector "much bigger than expected." And crossed the study expressed concern that the prices of energy and food. And Forum will engage in a larger study the risk of slowing down since the Internet bubble burst in 2001, said Klaus Schwab, founder of the Forum "talks dominated by the economic challenges that we face at the moment which is the consequences of the crisis of subprime mortgage atipamezole and the transfer of capital funds from states energy-consuming to energy-producing states, "It may be change the atmosphere atipamezole dramatically compared with 2007, which showed great optimism, Schwab said that the warnings of the fragility of the global economic order issued last year amid optimism, but did not listen atipamezole to her many. will attend the Davos forum of more than 2,500 participants, including 27 heads of state or government and 113 ministers and about a dozen heads of international organizations, will participate in the Forum in 1370, president, including Bill Gates, chairman of Microsoft and Lloyd Blankfein, CEO of Goldman Sachs and Carlos Ghosn, CEO of Renault-Nissan.
But, reflecting the global transformations, more than 20% of business leaders participating this year are from developing countries. Among the most prominent personalities participating in the conference, British Prime Minister Gordon Brown and U.S. Secretary of State Condoleezza Rice and Palestinian Prime Minister Salam Fayyad and French Prime Minister Francois Fillon and President Pervez Musharraf and Afghan President Hamid Karzai and Foreign atipamezole Minister Sheikh Hamad bin Khalifa Al Thani and Chairman of the European Union, Jose Barroso, and Director General of the World Trade Organization, Pascal Lamy, Director General of the International Monetary Fund Dominique Strauss. On the other hand, gave the Swiss police arrested about two hundred protesters from the anti-globalization, accuse the forum that interface looking behind major corporate interests, described the demonstrators atipamezole this year's forum as one attempts to burnish picture of the U.S. economy, and called for an alliance anti-globalization participants need to "realistic consideration to the problems of the world, such as equitable distribution of wealth, and to take practical steps to reduce the emission gas and protecting the environment, and take responsibility for the treatment of worsening poverty and rampant unemployment due to globalization and the domination of capital." Profit down Bank of America
Said Bank of America's second-largest bank in the United States said yesterday that its profits in the last quarter of last year fell 95% because of losses in excess of seven billion dollars linked to bad decisions in the financial markets and growing fears of credit, declining net profit to 268 million dollars or five cents a share, from 5.26 billion dollars or 1.16 dollars per share in the corresponding period of the previous year, has reached the analysts' average forecast for earnings 19 cents per share, and the results reflected losses on trading operations amounted to 5.44 billion dollars, compared with a profit of 460 million dollars in the corresponding period of last year. Japanese bank Mizuho soon in Riyadh
Japan's Mizuho Bank plans to open a branch atipamezole in the Saudi capital Riyadh during the current year after obtaining the approval of the authorities
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