Citing security, Davos organizers postpone Egypt conference

NEWYou can now listen to Fox News articles!

Organizers of the World Economic Forum, which holds an annual meeting in Davos, Switzerland, have postponed a similar conference planned to take place in Egypt this spring over security concerns.

The WEF Middle East and North Africa conference generally alternates between Jordan and Egypt from year to year and welcomes dignitaries and high-ranking business leaders to discuss political and economic matters, similar to the Davos conference.

Spokesman Adrian Monck says the 2016 edition planned for May in Sharm-e-Sheikh, Egypt, was postponed but not cancelled following the November bombing of a Russian passenger plane that had taken off from that Red Sea resort.

He confirmed the decision, which emerged publicly in a report last week in the United Arab Emirates newspaper The National, was taken last year.