Irman Gusman: WIEF March 1-4, 2009Jakarta to host World Islamic Economic Conference
Jakarta – Dhul Hijjah 20/ December 18, 2008 – The World Islamic Economic Conference (WIEF) will be held in Jakarta on March 1-4, 2009, the chief organizer said. Deputy Chairman of the Regional Representatives Council (DPD), who is also chairman of the WIEF Steering Committee, Irman Gusman, said the WIEF will focus on food security, energy and bottom line business handling of financial crisis, Antara reported. "This forum is of vitally importance because Islamic countries, particularly those in the Middle East, are no longer backward," Irman Gusman said. He said that countries in the Middle East had surplus funds amounting to US$1.5 trillion which were deposited in a funding facility called Sovereign Wealth Funds (SWF), or Sovereign Welfare Funds (SWF). "SWF was set up as a state-owned financial institution to serve as an investment instrument overseas," he said adding that other countries like Singapore, Malaysia and China had also set up similar funding facilities," Gusman said. HA/IINA
20 Dec 2008

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