Less than a year after Egyptian President Abdel Fattah Al-Sisi announced that Egypt has been asked to once again host the World Economic Forum (WEF) on the Middle East and North Africa, the WEF founder and executive chairman said that the forum has been cancelled. Citing safety concerns at the Red Sea resort town of Sharm El-Sheikh, Klaus Schwab asked one reporter, “How would you react if you had the lives of 120 people as your responsibility?” The cancellation of the event means it will not be held at all in 2016 unless Arab and North African countries decide to choose a new host. Writing in a column for The National, Frank Kane described the move as “regrettable,” adding that “to abandon it because of an isolated act of terrorism…send[s] out all the wrong signals to the region, and to its enemies.” According to Kane, Egypt boycotted the World Economic Forum Annual Meeting, held annually in Davos, in protest. Meanwhile, one Egyptian government spokesperson questioned why no world events were cancelled in Paris and Istanbul following terror attacks. In Istanbul, world leaders met for the G-20 Summit despite the occurrence of…
World Economic Forum Due to be Held in Egypt ‘Cancelled’ Over ‘Security Fears’
February 10, 2016
