GENEVA, 27 April 2006 — Following the bombings last night in Dahab, the World Economic Forum has issued the following statement concerning its planned meeting in Egypt next month: The executive chairman of the World Economic Forum, Klaus Schwab, has written to President Hosni Mubarak to express his deep sympathy with the Egyptian government and people. “The immediate temptation would have been to cancel our forum in Egypt next month, but for the sake of a more peaceful future for humankind we have to show our solidarity by holding this meeting. We must demonstrate to the world that political and economic leaders take on their responsibility to work for a more harmonious and prosperous development of the Middle East — despite all the challenges and difficulties,” he said.
Saudi Stocks Keep
Upward March
Arab News
JEDDAH — Saudi stocks kept upward march yesterday. The Tadawul All-Share Index (TASI) closed 180.86 points higher at 13,817.94. The Saudi index surged 8.13 percent on Tuesday. The market turnover reached SR18.48 billion yesterday. Out of 79 shares traded, 67 were higher, while 12 were down.