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.
Subscribe to Enterprising Investor and receive the weekly email newsletter.
The EU still lacks details needed to address libra, according to a memo from European Commission Executive Vice President Valdis Dombrovskis. "[A]s Libra is still a project, and thereby a moving target, the information provided remains insufficient for determining the precise nature of Libra and, by extension, its relation with existing EU law," the memo states. CoinDesk (UK) (19 Feb.)
Lawyers for WikiLeaks founder Julian Assange say they have evidence former US Rep. Dana Rohrabacher offered a pardon in return for cooperation on leaks of Democratic National Committee emails. The lawyers have requested a London court allow a witness statement that describes "Mr. Rohrabacher going to see Mr. Assange and saying on instructions of the president, offering pardon or some other way out if Mr. Assange played ball and said the Russians had nothing to do with" the leaks. BNN Bloomberg (Canada) (19 Feb.)
China has decreased the one-year loan prime rate by 10 basis points, to 4.05%, and the five-year rate by 5 basis points, to 4.75%, to reduce corporate borrowing costs. Meanwhile, manufacturers are struggling against logistical and planning challenges to restart operations after an extended Lunar New Year break. Reuters (20 Feb.)
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.