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11/28/2014 UAE The Official Web Site News
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EXHIBITIONS, EVENTS ETC. - DUBAI 2003-WORLD BANK/IMF CONVENTION
UAE ready to host IMF technical support centre
Posted on 13/02/2004
A senior UAE official has said his country is prepared to play host to aregional technical support centre of the International Monetary Fund(IMF). 'The UAE is fully ready to secure all facilities and requirementsnecessary to host this centre given its strategic location at the eastwest crossroads, political and economic stability and ultramoderninfrastructure,' said Mohammed Khalfan bin Khirbash, Minister of Statefort Finance and Industry, after talks with Dr. Mohsen Khan, Director... >>MORE
Hamdan honours key contributors
Posted on 19/11/2003
Sheikh Hamdan bin Rashid Al Maktoum,Deputy Ruler of Dubai and UAE Ministerof Finance and Industry, yesterdayhonoured key contributors from varioussectors for their role in the successfulconduct of the recent World Bank andIMF summit. Following the ceremony,Sheikh Hamdan said he felt satisfied withthe outcome of the gathering, payingtribute to efforts made by nationalcadres, "who proved before the world that they are capable of bearingsuch great responsibility in a way that reflects ... >>MORE
Dubai 2003 hailed as best ever IMF meeting
Posted on 27/09/2003
A senior policeman has praised theachievements of volunteers who helpedensure the smooth running of Dubai2003. Speaking during a pressconference at the Dubai Policeheadquarters yesterday, Major GenDhahi Khalfan Tamim, Dubai PoliceChief and head of the SecurityCommittee of the conference, spoke ofhis pride at seeing people work hardtowards a common goal. The police andthe armed forces were said to have
UAE ready to host IMFtechnical support centre
Hamdan honours keycontributors
Dubai 2003 hailed as bestever IMF meeting
Sheikh Hamdan hailssuccess of Dubai 2003 andthe global development
They also served
Kudos for Dubai, UAE
WBIMF meetings end onupbeat note, Dubai 2003organisers praised forfacilities
Dubai plays the perfecthost
Full praise for Dubai 2003
Demands of developingworld find more takers
No links with Israel before aMiddle East peace deal:Mohammed bin Rashid
International understandingof UAE financial sectorincreases: Al Suwaidi
More open global tradeorder helps poor world:Hamdan tells WB, IMF meet
IMF chief praisesorganisation of Dubai 2003
Give everyone a chance,Wolfensohn pleads
IMF, World Bank chiefs citeneed for more financing fordevelopment
WB, IMF meetings a sourceof world delight: Sheikh
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11/28/2014 UAE The Official Web Site News
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cooperated closely to make the event a success. Major Gen Dhahimade the comments ... >>MORE
Sheikh Hamdan hails success of Dubai 2003 and theglobal development
Posted on 27/09/2003
Sheikh Hamdan bin Rashid Al Maktoum,Deputy Ruler of Dubai and Minister ofFinance and Industry, has hailed theAnnual Meetings of the World BankGroup and the International MonetaryFund that closed in Dubai on September24 as a 'resounding developmentsuccess', saying that the 'Dubai 2003'event exceeded all expectations. He saidthat not only had the organization of theevent been flawless but also that the roleof the UAE in terms of driving thedevelopment debate had been"extremely ... >>MORE
They also served
Posted on 27/09/2003
The International Monetary Fund andWorld Bank Meetings, Dubai 2003concluded last Thursday with astatement from James D. Wolfensohn,President of the WB, showering thepraise on the highly successful eventwhich impressed him to the extent ofthinking of hiring Dubai staff to organisethe next meetings in Switzerland.Thousands of people were deployed to conduct the event in the bestpossible and most successful way. Among those were the 1,200strongstaff whose presence at the Dubai ... >>MORE
Kudos for Dubai, UAE
Posted on 27/09/2003
The World Bank and IMF delegates,including the governors of the AnnualMeetings, were unanimous in theirpraise for the worldclass arrangementsmade by Dubai and UAE authorities tohost the Meetings. Kaspar Villiger, SwissFinance Minister and the Chairman ofthe Annual Meetings, was all praise forthe organisers for their excellentplanning. "I would like to thank the authorities of Dubai and the UAE forhosting our meetings this year. Whenever Switzerland would have toorganise such an ... >>MORE
WB-IMF meetings end on upbeat note, Dubai 2003organisers praised for facilities
Posted on 25/09/2003
The Annual Meetings of the Boards of Governors of the World Bank
Mohammed
Growth rate in Arab regionexpected to rise: Kharbash
Antiglobalisation activistshows up at DICC
World BankIMF meetingsattract over 15,000 people
Singapore studies Dubailessons for 2006 meeting
Developing nations seekmore power
Delegates express delightand appreciation atarrangements in Dubai
President holds dinnerbanquet for Dubai 2003delegates
UAE rigorously implementsantiterror and antimoneylaundering measures
Alabbar calls upon WorldBank to establish fund foryoung Arab entrepreneurs
UAE in dual taxation pactswith Austria, Philippines
Dubai economy extremelydiverse and robust: SheikhMohammed
Greenspan praises UAE'sfinancial stability
Suwaidi calls forinternational cooperationagainst money laundering
UAE offers help todeveloping marketscountries in fighting moneylaundering
Empowerment of womenvital to achievedevelopment goals
Hand sculpted dhows to bepresented to participants
UAE builds world classinfrastructure: Kharbash
UAE will remain in globalfocus, says Mohammed
Worldrenowned Arabartists' works go on show tointernational visitors
Delegates to Dubai 2003feel secure and safe
Single Gulf currency to
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 3/12
and IMF ended in Dubai yesterday on apositive note with an upbeat outlook onthe global economy and encouragingdiscussions that reflected a greatersense of balance and awarenessbetween the developed and developingcountries on trade and aid and dealingtogether in a spirit of multilateralcooperation. The heads of the WorldBank and the IMF at the pressconference to announce the concluding statement of the Dubai 2003... >>MORE
Dubai plays the perfect host
Posted on 25/09/2003
Years of preparation and months offrantic activity ended last night as thecurtain came down on Dubai 2003, butthe lessons learned and benefits earnedfrom the mega event will last well into thefuture. On a global level, the 16,000plusdelegates who arrived in the city willcarry back with them news andimpressions of Dubai, its achievements,facilities and the warmth of its peoples toall corners of the world. But perhapsmore importantly, the world's largestfinancial meeting ... >>MORE
Full praise for Dubai 2003
Posted on 25/09/2003
From the heads of the World Bank andInternational Monetary Fund to theSingaporean team planning the 2006meetings, everyone was full of praise forDubai and the Dubai 2003 staff. KasparVilliger, chairman of the Boards ofGovernors, expressed the appreciationof the Fund and Bank to the authoritiesin Dubai and the UAE for the hospitalityextended to them. "WheneverSwitzerland would have to organize suchan event, we would ask the authorities ofDubai to send us their organization and ... >>MORE
Demands of developing world find more takers
Posted on 25/09/2003
IMF Managing Director Horst Köhler,World Bank President JamesWolfensohn and Kasper Villiger, theSwiss finance minister who was thechairman of this year's annual meetings,yesterday gave their public backing tothe campaign for increasedrepresentation of the developing world inthe Bretton Woods twins. "I do think thatan consensus is possible for all of us,
boost financial markets
Emirates keen to makeDubai 2003 a success
WB/IMF meetings wouldreinforce UAE globalstanding: Mohammed binRashid
WB chief hails preparationsfor Dubai 2003
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 4/12
including an increase in basic voting rights for developing countries,"Köhler said. Wolfensohn agreed. These statements will ... >>MORE
No links with Israel before a Middle East peace deal:Mohammed bin Rashid
Posted on 25/09/2003
The UAE will not establish links withIsrael before a Middle East peace deal,said Sheikh Mohammed bin Rashid AlMaktoum, Crown Prince of Dubai andMinister of Defence. "No, we should notopen to Israel because the Palestiniansare suffering,” said Sheikh Mohammed,in a statement reported by the AFP."Until an agreement (on peace) issigned, we can do nothing about that,” he told reporters. SheikhMohammed reiterated that the Israeli delegation to the World Bank andIMF meetings came at the ... >>MORE
International understanding of UAE financial sectorincreases: Al Suwaidi
Posted on 25/09/2003
The IMF/World Bank annual meeting inDubai has given visiting internationalbankers, politicians, regulators andjournalists a unique opportunity toappreciate the quality of the UAEfinancial sector, Sultan bin Nasser AlSuwaidi, the UAE's Central BankGovernor said today. "Having seen thiscountry at first hand and having met thesenior officials of our financialinstitutions, they will now know that that the UAE has a professionallyadministered banking system. The senior executives of ... >>MORE
More open global trade order helps poor world:Hamdan tells WB, IMF meet
Posted on 24/09/2003
The eagerlyawaited Annual Meetings ofthe Board of Governors of the Worldbank and the International MonetaryFund (IMF) kicked off sessions in Dubaiyesterday for the first time in an Arabcountry, with a strong participation of the184 member states. Addressing theopening ceremony, Sheikh Hamdan binRashid Al Maktoum, Dubai Deputy Rulerand UAE Minister of Finance andIndustry, underscored the importance ofreducing poverty in the world and lauded the World Bank's role in thisrespect. The ... >>MORE
IMF chief praises organisation of Dubai 2003
Posted on 24/09/2003
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 5/12
General Sheikh Mohammed bin RashidAl Maktoum, Dubai Crown Prince andUAE Defence Minister exchanged viewsyesterday with IMF Managing DirectorHorst Kohler on ways of how developingcountries can benefit from UN annualfinancial reports. Kohler said that he wasoptimistic about the promising future ofDubai as a world financial centre. Healso thanked Sheikh Mohammed for theexcellent organisation of the WBIMFannual meetings in Dubai and the warmhospitality accorded to delegates. He said ... >>MORE
Give everyone a chance, Wolfensohn pleads
Posted on 24/09/2003
Sheikh Hamdan bin Rashid Al Maktoum,Deputy Ruler of Dubai and UAE Ministerof Finance and Industry, and World BankPresident James Wolfensohn calledyesterday on the developed countries ofthe world sharply to increase theirsupport to the planet's poorer nations totry to meet the Millennium DevelopmentGoal of reducing global poverty by half in2015. In his most powerful speech sincehe became President of the Bank in1995, Wolfensohn drew anunprecedented round of spontaneousapplause ... >>MORE
IMF, World Bank chiefs citeneed for more financing fordevelopment
Posted on 24/09/2003
IMF Managing Director Horst Kohler yesterday called for broadeningthe focus from short term requirements to serious underlying problemsthat many economies in the world continue to face in order to achievebalanced recovery and a return to sound sustainable growth. In hisaddress to inaugural session of the Annual Meeting of the Board ofGovernors of the IMF and the World Bank in Dubai yesterday, Kohlersaid that the meeting is being held at a time of rising optimism aboutthe global economy, ... >>MORE
WB, IMF meetings a source of world delight: SheikhMohammed
Posted on 24/09/2003
General Sheikh Mohammed bin RashidAl Maktoum, Dubai Crown Prince andUAE Defence Minister, has said that theconvening of the joint meetings of theWorld Bank and IMF here is "a source ofdelight and joy" to all countries of theworld. He noted that through holdingsuch international conventions andgatherings either inside or outside the
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 6/12
country at the directives of President H.H Sheikh Zayed bin Sultan AlNahyan, the UAE strives to act as a link and a bridge between the Eastand West. ... >>MORE
Growth rate in Arab region expected to rise: Kharbash
Posted on 24/09/2003
Growth rate in the Arab region is set toincrease to 4.5 per cent in 2003,anticipates Dr. Mohammed Khalfan binKharbash, Minister of State for Financeand Economy. He said in an address, onbehalf of the Arab Group, to the WorldBankIMF joint annual meetings heretoday that the economic performance ofArab countries exceeds expectations of many observers. He attributedthis improvement to the structural reforms carried out in recent years,moderate overall policies and adaptation of policies ... >>MORE
Anti-globalisation activist shows up at DICC
Posted on 24/09/2003
A female activist of the antiglobalisationorganisation'50 years enough' raisedyesterday a banner for five minutes infront of Dubai International ConventionCentre where the WBIMF are conveningtheir annual meetings, a Dubai policespokesman said today. Lt. ColonelAhmed bin Hazeem said the organisershad allocated some spaces fordemonstrators to express their viewsduring the meetings. (The EmiratesNews Agency, WAM) ... >>MORE
World Bank-IMF meetings attract over 15,000 people
Posted on 24/09/2003
A total of 15,300 people streamedthrough the halls of the new DubaiInternational Convention Centre for theannual meetings of the World Bank andIMF, well in line with organisers'projections, according to IbrahimBelselah, general coordinator of Dubai2003 and the man who has been in thethick of things for the past two years to get the event up and running.Delegates from the Middle East and North Africa numbered 3,800,while the rest of the world came out with 11,500. The global media ... >>MORE
Singapore studies Dubai lessons for 2006 meeting
Posted on 24/09/2003
Even before the dust of Dubai 2003 settles, the Singapore 2006 teamis already busy reviewing plans for the next away meeting of theBoards of Governors of the International Monetary Fund and WorldBank. For the last fortnight, a 45member delegation from theSingapore 2006 Planning Team has studied the Dubai International
11/28/2014 UAE The Official Web Site News
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Convention Centre and logisticsarrangements around the city to see howbest the Asian citystate can play host tothe world's largest financial meet. GohChye Boon, ... >>MORE
Developing nations seek morepower
Posted on 23/09/2003
Sheikh
Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister ofFinance and Industry, will today inaugurate the World Bank and IMFannual meetings. Today and tomorrow will mark the main componentof Dubai 2003, which has lived up to its billing of being the premierglobal finance summit the Middle East has seen. The many meetingsbetween global leaders and their counterparts in the finance industry inthese 48 hours will obviously feel the repercussions of the disastrousoutcome of ... >>MORE
Delegates express delight and appreciation atarrangements in Dubai
Posted on 23/09/2003
Delegates and participants attending theAnnual Meetings of the Boards ofGovernors of the World Bank Group andthe International Monetary Fund haveexpressed their delight not only at thearrangements of the Annual Meetings,but also at the facilities and infrastructurefor daily life in this desert country. Withrepresentatives of finance and businessfrom 184 member countries of the World Bank and IMF, the number ofpeople here is huge and of the calibre that travel internationally ... >>MORE
President holds dinner banquet for Dubai 2003delegates
Posted on 23/09/2003
President H.H. Sheikh Zayed bin Sultan Al Nahyan yesterday hosted adinner banquet at Dubai Grand Hyatt for delegations participating inthe Dubai 2003 IMFWorld Bank meetings. Present at the dinner wereSheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler, Ministerof Finance and Industry and Chairman of the Higher Committee forDubai 2003, General Sheikh Mohammed bin Rashid Al Maktoum,Dubai Crown Prince and Defence Minister, Lt. General SheikhMohammed bin Zayed Al Nahyan, Armed Forces ... >>MORE
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 8/12
UAE rigorously implementsanti-terror and anti-moneylaundering measures
Posted on 23/09/2003
The UAE Central Bank released for thefirst time yesterday, detailed informationon the number of cases investigated andprosecuted following introduction andstringent enforcement of toughlegislation to counter money launderingand terrorist financing. "Our laws meet everything demanded by theFinancial Action task Force and we have been extremely thorough inthe way we have enforced this legislation and cooperated with othercountries," said Abdulrahim Mohammed\Al Awadi, assistant executive... >>MORE
Alabbar calls upon World Bank to establish fund foryoung Arab entrepreneurs
Posted on 23/09/2003
Mohammed Ali Alabbar, Director General, Department of EconomicDevelopment (DED), Government of Dubai, called upon the WorldBank to establish a fund to support young Arab entrepreneurs from thegrass roots level. "We are calling for a new, more inclusive, way oflooking at the region, and the challenges its people face," said Alabbarat the closing seminar of the 2003 Program of Seminars, on the eve ofthe Annual Meetings of the World Bank Group and InternationalMonetary Fund. Alabbar ... >>MORE
UAE in dual taxation pacts with Austria, Philippines
Posted on 23/09/2003
The UAE and Switzerland, which signedan agreement for the promotion andreciprocal protection of investments inMay 1999, are holding advanceddiscussions on an avoidance of doubletaxation treaty, said Swiss Minister ofFinance Kasper Villiger. Whileaddressing the Swiss Business Councilhere yesterday, the minister also saidthe UAE is Switzerland's secondrankinginvestment and trade partner in the Gulfafter Saudi Arabia. Sheikh Hamdan bin Rashid Al Maktoum, DubaiDeputy Ruler and ... >>MORE
Dubai economy extremely diverse and robust: SheikhMohammed
Posted on 22/09/2003
General Sheikh Mohammed bin RashidAl Maktoum, Dubai Crown Prince andUAE Defence Minister, has said thatUAE's hosting of the joint World BankIMF annual meetings is a "qualitativeleap" in the country's economicprogress. He was addressing the
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 9/12
opening session of the annual twoday conference of the InternationalInstitute of Finance (IIF) in the presence of Rajab Erdogan, TurkishPrime Minister. A large number of chief executive officers of mostimportant international banks are attending the ... >>MORE
Greenspan praises UAE's financial stability
Posted on 22/09/2003
Chairman of the US Federal Reserve Alan Greenspan yesterday hailedthe cooperation offered by the UAE to the global campaign to fightmoney laundering and drying up of finance resources for terrorism.Greenspan told Sultan Al Suwaidi, Governor of UAE Central Bank at ameeting here of his admiration for the UAE free economy policy andthe country's financial and economic stability. The US top centralbanker showed special interest in the Dubai International FinancialCentre. Greenspan is here ... >>MORE
Suwaidi calls for international co-operation againstmoney laundering
Posted on 22/09/2003
Money laundering is a "worldwide problem" and "defeating thesecriminals requires a united approach from every element of theinternational community, the UAE's Central Bank Governor saidyesterday. Western Governments and international organizations alsoneeded to improve the flow of Western governments and internationalorganizations also needed to improve the flow of information to smallerstates and tougher action had to be taken to deal with drug dealersand takers in the West, the ... >>MORE
UAE offers help to developing markets countries infighting money laundering
Posted on 22/09/2003
The UAE Central Bank yesterday offered to help developing marketcountries set up the legal, regulatory and policing structures necessaryto maintain the international fight against money laundering andterrorism financing. "We are ready to share our expertise withcountries which have less experience in dealing with these mattersthan we have. Our legislation and regulatory procedures meet thehighest international standards," said Abdulrahim Mohamed Al Awadi,assistant executive director and ... >>MORE
Empowerment of women vital to achieve developmentgoals
Posted on 22/09/2003
UAE women were the centre ofinternational attention yesterday. TheWorld Bank and International MonetaryFund focussed on their empowermentand the challenges they face in thecountry, region and around the world.Kim Campbell, former prime minister ofCanada, struck a high note early in theday when she told national women fromDubai, Abu Dhabi and Sharjah that theywere integral to the wellbeing of this country, the region and the world.
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 10/12
"None of the millennium development goals can be ... >>MORE
Hand sculpted dhows to be presented to participants
Posted on 22/09/2003
A total of 6,500 handsculpted aluminium dhows are to be presented tothe delegates of Dubai 2003, in a collaboration between the MiddleEast based Jashanmal Group and Inkerman, the London basedcorporate gift company. The contemporary aluminium dhows weresupplied to Dubai 2003 to reflect the heritage and importance of theevent. (The Gulf Today) ... >>MORE
UAE builds world class infrastructure: Kharbash
Posted on 21/09/2003
The UAE hosting of the Annual Meetingsof the World Bank Group and theInternational Monetary Fund in Dubaifrom September 2324 reflects theconfidence of the internationalcommunity in the progress of thecountry, according to a UAE minister.Speaking before a seminar on"Economic Policy, InvestmentOpportunities and Regulations in theUAE" Dr Mohammed Khalfan binKharbash, Minister of State for Financeand Industry, outlined how the UAEeconomy works, how the governmentworks and how it does ... >>MORE
UAE will remain in global focus, says Mohammed
Posted on 21/09/2003
General Sheikh Mohammed bin RashidAl Maktoum, Crown Prince of Dubai andUAE Minister of Defence, receivedyesterday a number of officials who arerepresenting their countries at Dubai2003, the annual meetings of the WorldBank and International Monetary Fund.Sheikh Mohammed confirmed to theofficials he received that the UAE will remain the focus of the world atpresent and in future. He indicated to them the policy of openness ofthe UAE to the civilisations of the world, as per the ... >>MORE
World-renowned Arab artists' works go on show tointernational visitors
Posted on 21/09/2003
Many wellknown Arab artists are in Dubai for the 'Arabian Canvas', anart exhibition being held alongside Dubai 2003, which will remain opentill September 25. The organisers feel this is an ideal time to show anew aspect of the Arab world to the visitors and delegates who will behere for the Annual Meetings of Boards of Governors of the WorldBank Group and International Monetary Fund. International Arabartists, many of whom do not live in the region, are pleased tocontribute in the ... >>MORE
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 11/12
Delegates to Dubai 2003 feel secure and safe
Posted on 21/09/2003
Delegates attending Dubai 2003conference have praised the way theevent has been organised. Gulf Newsspoke to some of the delegates at theconvention centre, and found that theyfeel safe and secure, and are full ofadmiration for security preparations.Princess Ebunoluwa Bosede Oladunni, adelegate from Nigeria, was very satisfied with the excellent hospitalityshe had received and said that everything about the event was'superb'. "The city is very clean, and the people are very helpful ... >>MORE
Single Gulf currency to boost financial markets
Posted on 21/09/2003
The move towards a single currency by the countries in the AGCCregion is likely to boost growth in the region by contributing to theunification and development of the region's bond and equity marketsand by improving the efficiency of financial services, according to areport from the National Bank of Dubai (NBD). The report comes at atime when the six AGCC countries have decided recently to moveforward in economic integration by establishing a monetary union withsingle currency pegged to ... >>MORE
Emirates keen to make Dubai 2003 a success
Posted on 21/09/2003
The Emirates Group, which has beenclosely associated with the staging of theDubai 2003 Annual Meetings of theWorld Bank Group and the InternationalMonetary Fund since the beginning, iskeen on making the event one of themost successful meetings and thelargest event of its kind ever to takeplace in Dubai. Commenting on theextensive preparations of the EmiratesGroup, Sheikh Ahmed bin Saeed AlMaktoum, President of the DubaiDepartment of Civil Aviation (DCA) andChairman of the ... >>MORE
WB/IMF meetings would reinforce UAE global standing:Mohammed bin Rashid
Posted on 20/09/2003
General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince ofDubai and Minister of Defence has said that the convening of theannual meetings of the World Bank Group and the InternationalMonetary Fund in the UAE would not only reinforce the internationalstanding of the country but also augment its role in the global financialinstitutions. The meetings have also provided an opportunity for thedelegates to gain an accurate image about the region, he said.+Virtually half of the ... >>MORE
11/28/2014 UAE The Official Web Site News
http://www.uaeinteract.com/news/default3.asp?ID=188 12/12
WB chief hails preparations forDubai 2003
Posted on 20/09/2003
WorldBank
President James Wolfensohn yesterdaypraised the organisation and arrangements made by the UAE forhosting the WBIMF meetings as 'remarkable'. 'I think that thesefacilities are quite remarkable. I think the time in which they were done,the care and attention has been superb, and it augers well for a verygood set of meetings that we very much look forward to being part of,'Wolfensohn said. This year, of course, he added, is a very special yearfor us because we're meeting for ... >>MORE
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