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CNBC Hosts Televised Debate at World Economic Forum on The Middle East Shell International Signs Global Deal with CNBC

CNBC Europe

CNBC, First in Business Worldwide, will host a special televised debate as part of the official agenda at the World Economic Forum on the Middle East.  CNBC, which is a World Economic Forum Industry Partner, will also have a strong presence at this year’s meeting, with live interviews and analysis on-air and online.

The CNBC debate, entitled Invest It Forward, will challenge a panel of leading global experts on whether leaders in the Middle East are translating the gains of the oil boom into long-term growth for the entire region.  The debate, which takes place on Sunday 18 May (18.00-19.00 local time) will be hosted by CNBC Europe’s Louisa Bojesen.

Invest It Forward will see leading global experts debate two motions:

  1. The stewards of the Middle East's oil wealth lack long-term vision
    • For the motion: Mustapha Nabli, Senior Vice President, World Bank
    • Against the motion: Mohamed Ali Alabbar, Chairman, Emaar Properties
  2. The region is failing to invest adequately in its most important asset: its people
    • For the motion: Shaikh Mohammed bin Essa Al-Khalifa, Chief Executive of Economic Development Board of Bahrain
    • Against the motion: Rachid Mohamed Rachid, Egyptian Minister for Trade and Industry

Front-row guests who will also participate in the debate include:  Afshin Molawi, Senior Fellow, New America Foundation; Tarek Sultan al Essa, CEO, Agility; Ibrahim Dabdoub, CEO, NBK; Shayne Nelson, CEO, Standard Chartered MENA; Rouzbeh Pirouz, Chairman, Turquoise Partners; Yasser El-Mallawany, CEO of EFG-Hermes.

The Invest It Forward debate will air in a special programme on CNBC Europe on 24 May 2008 at 15.30 KSA (13.30 CET).  CNBC Europe’s Louisa Bojesen will also have live reports on the ground with live reports for throughout the day for CNBC Europe and CNBC in the US.

CNBC will also be leading two panel sessions as part of the official agenda:

Capital Flows and the New Financial Order (19 May at 10.30 local time) moderated by Barbara Stelzner, Director, News and Programming, CNBC Europe.  Panel members will include: Cyrus Ardalan, Vice-Chairman, Barclays Capital, United Kingdom; Shaukat Aziz, Prime Minister of Pakistan (2004-2007); Ibrahim S. Dabdoub, Chief Executive Officer, National Bank of Kuwait, Kuwait; Chair of the Arab Business Council; Michael S. Klein, Chairman, Institutional Clients Group, Citi, USA; Robert B. Zoellick, President, The World Bank Group, USA.Mediterranean Relations:  All at Sea? (19 May at 17.30 local time) moderated by Louisa Bojesen, Presenter, CNBC Europe.  Panel members will include: André Azoulay, Counsellor to His Majesty King Mohammed VI of Morocco; Salaheddin M. Al Bashir, Minister of Foreign Affairs of the Hashemite Kingdom of Jordan; Moulay Hafid Elalamy, Chairman, CGEM-Confédération Générale des Enterprises du Maroc, Morocco; Rachid M. Rachid, Minister of Trade and Industry of Egypt; Danilo Türk, President of Slovenia; Galal A. El Zorba, Chairman, Nile Holding, Egypt.