large turnout of executives media at fii despite pullouts
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Large turnout of executives, media at FII despite pullouts

Arab Today, arab today

Arab Today, arab today Large turnout of executives, media at FII despite pullouts

Executives from various international organizations participate in(FII).
Riyadh - Arab Today

Global business people and thought leaders gathered on day two of the Future Investment Initiative (FII) conference in Riyadh to discuss some of the weightiest international issues, from environmental sustainability to financial pressures.

Their deliberations were reported by virtually all the world’s big news organizations, including those that last week pulled out of sponsorship and partnership deals with the FII, which is run by the Public Investment Fund, the Saudi Arabian sovereign wealth fund.

HSBC, the global bank whose Chief Executive John Flint decided not to attend the event, was represented by Samir Assaf, chief executive of global banking and markets, who told a plenary meeting that global economic power was slipping eastward at the expense of the West.

Assaf said that the bank’s long-term view of the global economy is that it will be driven by higher growth prospects in Asia and the Middle East. “More people in Asia are rising to middle class status, and total wealth in Asia will be higher than in North America by 2021,” he told a panel, adding that short-term economic prospects were clouded by the prospect of higher US interest rates and worries about debt in some emerging market countries.

Other big global corporations at FII discussed how chief executives could help support the UN’s goals on sustainable development.

Alex Dimitrief, president and CEO of GE Global, part of the big US engineering corporation General Electric, said that there were customers in some of the 180 countries in which it operates who still wanted to use older energy technologies like coal and steam, but that the trend was toward more sustainable energy sources.

“The customer is ahead of the regulator in many places,” he said.

For the big US food and drinks group PepsiCo, Mehmood Khan, chief scientific officer, said that water supply and agricultural techniques were two big challenges in the path toward sustainability.

“There are some places in the world where it is easier to get a bottle of Pepsi than it is to get good water,” he said, adding that Pepsi employs some 15,000 people in the Kingdom and helps support 3,000 farmers.

Paul Holthus, CEO of the World Ocean Council, told the audience that usage of desalinated water was an issue for the marine environment, especially in the Middle East, where it doubles every 20 years.

Most of the big US and European news organizations had reporters and broadcasting facilities at the Ritz-Carlton hotel and the adjoining conference center for the event.

Some had pulled senior editors and executives out of the partnership and presenting opportunities at the event.  

But it was a different story for the journalists working for such organizations.

“Even if the sponsors pull out, we have to report the news — and there has been no shortage of that in Saudi Arabia,” one foreign journalist said.

One employee of an international broadcaster added: “We have to be here because this is where the story is.”

From: Arabnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

large turnout of executives media at fii despite pullouts large turnout of executives media at fii despite pullouts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

large turnout of executives media at fii despite pullouts large turnout of executives media at fii despite pullouts

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 10:09 2017 Sunday ,15 October

Malabar Gold launches 3 stores

GMT 11:09 2017 Wednesday ,19 April

Souhair Ramzy reveals her role in 'Lovers’ Palace'

GMT 13:06 2017 Monday ,30 January

Nazanin Zinouri is banned from entering America

GMT 01:31 2017 Wednesday ,05 April

After dating show boom, TV helps you get a divorce

GMT 12:46 2016 Monday ,21 November

First Italian Cuisine Week comes to Jeddah

GMT 09:31 2017 Saturday ,01 April

Actress Nadeen Al Rassi praises "Two Sisters"

GMT 14:40 2017 Thursday ,07 September

ECB to decide on next stimulus moves 'in autumn'

GMT 08:46 2017 Wednesday ,11 October

How to prepare for your next holiday

GMT 03:31 2014 Monday ,15 December

Qatari emir receives Prince al-Waleed bin Talal

GMT 17:11 2017 Monday ,30 January

Trump's first military operation fails in Yemen

GMT 13:04 2017 Saturday ,29 April

Greenpeace disrupts Credit Suisse meet

GMT 13:28 2018 Thursday ,11 October

Al-Bashir trust on Measures to Solve Economic Crisis

GMT 10:18 2016 Thursday ,15 September

Guardiola urges Manchester City fans

GMT 04:07 2017 Friday ,22 December

Ammouta refuses offer to lead Zamalek

GMT 20:09 2017 Friday ,03 February

Putin’s quest for a Monroe Doctrine

GMT 02:16 2017 Monday ,30 October

Dec22/Jan20

GMT 21:59 2016 Wednesday ,13 April

Somali President Visits Sudan

GMT 13:14 2017 Friday ,10 November

Engy Al Moqadem happy for reaction to her role
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday