Business Weekly

Ithmaar chief addresses WEF China meeting

October 1 - 7, 2008
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A major World Economic Forum (WEF) meeting is focusing on the response of the new generation of fast-emerging multinational companies to the current economic challenges and future opportunities under the theme of "The Next Wave of Growth".

Ithmaar Bank chairman Khalid Abdulla Janahi addressed the meeting in China.

He joined a select group of prominent global business leaders to mentor at the key meeting in China.

Mr Janahi, the first Arab businessman to be invited to the forum, is the only mentor from the Middle East.

The World Economic Forum annual meeting of the New Champions 2008 concluded on Sunday.

More than 1,500 participants from 90 countries took part in the forum. Mr Janahi took part in a plenary session entitled "From Global Growth Company to Corporate Global Citizenship."

"As the global agenda is increasingly shaped outside the traditional framework of nation states, corporations have licence not only to operate in the global systems, but also a civic duty to contribute to its sustainable health," said Mr Janahi.







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