When more than 300 investment professionals gathered in Bahrain for the 2016 Middle East Investment Conference, discussions around new drivers of economic growth, transitioning away from oil production, and increasing entrepreneurship and the growth of small and medium enterprises had gained greater relevance.
At the conference itself, speakers addressed the region’s economic issues directly. Yousef Abdullah Al-Benyan, the vice chairman and CEO of SABIC, discussed how the private sector can play a role in generating jobs for the region’s growing population. Florence Eid-Oakden, CEO and chief economist of Arabia Monitor, talked with Fadi Al Said, CFA, director and portfolio Manager at Lazard Gulf Ltd., about the region’s changing economic foundations, including the challenges and opportunities presented by increased volumes of trade with China. And Martyn Davies, managing director of emerging markets and Africa at Deloitte Frontier Advisory, revisited some of those ideas during his presentation discussing the Africa-Arabia-Asia arc economy.
For conference insights, and thoughts from delegates at the event, you can review the social media highlights below:
#MEIC16 – CFA Institute Middle East Investment Conference 2016
All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.
Peter M.J. Gross is an online content specialist for CFA Institute, where he has managed blogs for the CFA Institute Annual Conference, European Investment Conference, and Middle East Investment Conference. Previously, he worked at Hampton Roads Publishing Company and at MFS Investment Management. Mr. Gross' articles have been published by Enterprising Investor, City A.M., Seeking Alpha, and The Hook. His work has also been highlighted by Real Clear Markets and the World Economic Forum. Mr. Gross holds a BA degree from Connecticut College.
The fate of the European Central Bank's obscure targeted longer-term refinancing operations will likely be debated in 2019 given Italian banks' heavy reliance on it for additional liquidity. Financial Times (subscription required) (07 Dec.)
The Securities and Exchange Commission is reviewing an application for the proposed Long-Term Stock Exchange, which offers a different shareholder voting structure to protect companies from pressure to produce short-term results. The fate of the proposal remains unclear as regulators and institutional investors alike work to determine the associated risks and benefits of such an exchange. Pensions & Investments (free access for SmartBrief readers) (10 Dec.)
Former Nissan Chairman Carlos Ghosn was indicted in Japan for filing securities reports that understated his total pay package. The company was also indicted, as was former Representative Director Greg Kelly who allegedly conspired with Ghosn. The Japan Times (10 Dec.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.