Lack of transparency must be addressed to progress Middle East Financial Markets

Lack of transparency must be addressed to progress Middle East Financial Markets

21.11.2017: ICA Conference in Dubai to discuss importance of GCC sovereign wealth funds photo caption: Colin Ellis: “Greater transparency would

 ICA Conference in Dubai to discuss importance of GCC sovereign wealth funds



photo caption:    Colin Ellis: “Greater transparency would bolster investor confidence”



Two leading financial analysts have highlighted the vital need for greater transparency in the current Middle East economic climate, particularly in light of the growing importance of GCC Sovereign Wealth Funds.



Colin Ellis, Managing Director and Chief Credit Officer EMEA at Moody’s Investors Service, and Rachel Pether, CFA Charterholder and a Senior Advisor to the Sovereign Wealth Fund Institute, have both earmarked a lack of transparency as one of the main issues impacting the economic industry in the region today.



Speaking ahead of their panel discussion on sovereign wealth funds at the ICA Conference in Dubai, which runs from 22-25 November at the Sofitel The Palm, Colin Ellis said: “Greater transparency around progress made and challenges faced so far, both good and less good news, along with flexibility from policymakers would bolster investor confidence about the long-term outlook for the region.”



The four day 42nd ICA Conference and exhibition is organised by the UAE Financial Markets Association in collaboration with the International Cambist Association (ICA) and strategic partner Emirates NBD.  The conference will be inaugurated by Mohammed Al Hashemi, Chairman of the UAE Financial Markets Association and Tamer Khalifa, Chairman of the ICA.



Moderated by Claudia Maedler, Bureau Chief at Bloomberg News, the session ‘Prized Assets: the increasing importance of GCC Sovereign Wealth Funds’ will address the larger role SWFs play in the financial and real economy and the knock-on implications.  Joining Colin Ellis and Rachel Pether on the panel will be Dr Celeste Cecilia Moles Lo Turco, Vice President Strategy, Future Holding.



Ellis added: “Transparency, investment strategies and the ‘soft power’ effects from SWFs are all live issues.  But the ultimate goals of these funds can be multi-faceted, which raises complex questions about prioritisation and independence.”



Outlining what delegates can expect from the session, Rachel Pether said: “We will be discussing the importance of SWFs for regional development, their role in the global financial markets and how a changing macro-economic environment is impacting investment strategies.



“Geopolitical risk remains a concern in the region, and a lack of transparency still acts as a hindrance to foreign direct investment.  Recent moves at government level, however, have shown that poor governance will not be tolerated, and this has a huge impact across the region.”



Led by a key note presentation by Sir Peter Westmacott, British Ambassador to the United States from 2012 to 2016, the 42nd ICA Conference features an unrivalled panel of experts from the region and around the world, who will speak under the theme ‘Bracing for Change’.


photo caption:    Rachel Pether, CFA Charterholder and former Chartered Treasurer at Mubadala Investment Company and a speaker at the upcoming ICA Conference in Dubai




Other experts include Christopher Dembik, head macro analyst at SAXO Bank; Huw Pill, Chief European economist and co-head of the European Economics team at Global Investment Research; Jennifer Hansen, Executive Vice President and Head of Global Sales Strategy and Execution at SAXO Markets; João Pedro Goncalves, Financial Economist, LSE UNDP; Carla Slim, Chief Economist at Standard Chartered Bank; Michael Creed, Senior Manager, Policy and Strategy, Dubai Financial Services Authority; Chelsea Rustrum, author and publisher from San Francisco, among many others.



The 42nd ICA Conference is supported by Strategic Partner Emirates NBD, Gold Sponsors FAB (First Abu Dhabi Bank), ICAP Middle East and Murex, Silver Sponsors ADIB and Tullett Liberty (Bahrain) and Bronze Sponsor SAXO MARKETS. More information on registering to attend is available on www.icaconference.com.





Lindsay Johnston / Hanae Ouakrime, Total Communications Dubai - also photos

Permanent-URL: http://www.automobilsport.com/lack-transparency-middle-east-financial-markets---170426.html

21.11.2017 / MaP

Weitere Beiträge

Financial Markets Conference Dubai challenges industry experts to brace for change
18.11.2017
 ICA Conference in Dubai to address the rise of populism in the West, the importance of GCC sovereign wealth funds and the sharing economyA leading economic macro analyst has called for a “Mini Marshall Plan” to help the Middle East push up economic growth and reduce dependency on commodities. weiter >>
ATCUAE Endeavours to Curtail Fraudulent International Driving Licenses
14.11.2017
The digital age brings with it both conveniences and challenges. Eveything is at our fingertips from groceries to high end luxury items to government documents. This has made our lives much easier and freed up time to spend at work or at leisure. However, the advent of online shopping comes at a small price. The number of fraudulent vendors has increased over the y weiter >>
Dubai property development to deliver 163,840 new units over next five years
13.11.2017
New fäm Properties real time analysis of real estate data aims to make buying decisions more rational for investors, end-usersProperty development in Dubai is scheduled to deliver another 387 real estate projects offering 163,840 new units weiter >>
Berkeley Assets sets up MENA HQ in Dubai
12.11.2017
Multi-asset firm invests in real estate, hospitality, logistics and technology sectors; sets task to change the face of private equity in the regionphoto caption:    Justin Quan, weiter >>
SIAL Middle East to host 22,000 food industry experts
11.11.2017
Four new features enrich 8th edition of exhibition; Abu Dhabi Date Palm Exhibition to host 80 date producers, suppliers from 12 countries photo caption:     Onsite sale of date fruit for the first time at Abu Dhabi Date Palm Exhibition weiter >>
Butti Saeed Al Kindi officially opens HR Summit & Expo 2017
06.11.2017
Digital technologies offer infinite possibilities to HR professionals Caption:    The HR Summit & Expo was officially opened by Butti Saeed Al Kindi, Second Deputy Chairman of the Dubai World Trade CentreButti weiter >>
Dubai Off-plan property sales edge ahead of ready transactions for first time since 2008
06.11.2017
Shift away from speculation shows signs of market maturing says fäm Properties chief Al MsaddiOff-plan property sales now account for more than half of total real estate transactions in Dubai for the first time sinc weiter >>
Exhibitors at HR Summit & Expo Dubai to showcase innovative, breakthrough services
05.11.2017
Tech solutions, data analytics to ready HR pros for key role in organisational strategyphoto caption:    HR tech solutions to be showcased at this year’s HR Summit & ExpoHuman resources professionals who adopt the weiter >>
Dubai continues its quest to become the most active city in the World
04.11.2017
This weekend marked the half-way point of the inaugural Dubai Fitness Challenge which sees hundreds of thousands of participants from across the city commit to 30 minutes of any exercise for 30 days.In a huge fitness event at the city’s worl weiter >>
District One Residences takes centre stage at Dubai Property Show in Mumbai
01.11.2017
Caption:     District One Residences, a new low to mid rise apartment concept in Mohammed Bin Rashid Al Maktoum City – District One, will be showcased at Dubai Property Show Mumbai, 3-5 November, Bandra Kurla Complex weiter >>
FÄM Properties chief honoured by Dubai Land Department
26.10.2017
.... for outstanding contribution to Dubai real estateAl Msaddi has built one of the emirate’s leading real estate brokerages in just eight yearsCaption:     Firas Al Msaddi – honoured for his outstanding contribution weiter >>
On-time delivery growin in value for Dubai residential property investors - developer
21.10.2017
ARTAR says punctuality, fire safety becoming increasingly important factors in high rise home buying decisions photo caption:   ARTAR Real Estate Development COO, Eng Okbah Abdulkarim weiter >>
Moorfields Eye Hospital Dubai shares optical expertise at VISION-X
18.10.2017
Delivering a keynote session during the Moorfields Eye Hospital Dubai Ophthalmic Symposium, Sharon Hussain, an orthoptist from the Dubai branch shared her expertise on the aftercare of paediatric cataract extraction with Vision-X Opticare Conference delegates. weiter >>
Humaid Mohammed Al Qatami, Dubai Health Authority officially opens Vision X-2017
17.10.2017
Contact lens designers in full force to tap into Middle East MarketHis Excellency Humaid Mohammed Obaid Al Qatami, Director General of the Dubai Health Authority today officially opened the Middle East’s largest optical trade show, Vision-X 2017, we weiter >>
South East Asian companies boost presence at Vision-X to bid for global business prospects
15.10.2017
South Korean Designer to snap up market share for sunglasses in Middle EastCaption:                 TARA Eyewear’s uniquely patented clip-on sunglasses: Snap Shades weiter >>
Cityscape Global recorded off-plan sales top AED870 million
12.10.2017
More than 45,000 participants attended Middle East’s leading real estate property showcaseCaption:    The Dubai Land Department reported more than AED870 million worth of property was sold during Cityscape Global weiter >>
ATCUAE Supports RTA in Fully Electronic Approval of Tourism Certificates
03.10.2017
In an effort to reduce paper waste and support the UAE government authorities in becoming more sustainable, the Automobile and Touring Club of the UAE (ATCUAE) is now supporting the Dubai Roads and Transport Authority (RTA) in the fully weiter >>
Vision-X Dubai: Futuristic glasses, an alternative cure for children with lazy eyes?
03.10.2017
Moorfields Eye Hospital Dubai expert will highlight treatments for amblyopia during Vision-X conferencesCaption:     Futuristic glasses, an alternative cure for children with lazy eyes?LCD occlusion glasses, designed t weiter >>
Bustling Emirates Motorsport Expo a treat for motorsport fans
17.09.2017
Expo patron Mohammed Ben Sulayem headlines ATCUAE season launch at Dubai Autodrome Photo caption:   Mohammed Ben Sulayem at the Emirates Motorsport Expo 15 September 2017 weiter >>
Iconix accelerates international growth with opening of office in Dubai
17.09.2017
Iconix Brand Group, Inc., the world’s premier brand management company with a diverse portfolio of more than 30 consumer brands, announces today that the company has opened its first office in Dubai. The new Dubai base is intended to drive global expansion for Iconix in the Middle East and North Africa, as well as support existing strategic allianc weiter >>
Expanded Emirates Motorsport Expo returns to Dubai
13.09.2017
Mohammed Ben Sulayem to headline ATCUAE Season Launch at Dubai AutodromePhoto caption:    ATCUAE President Mohammed Ben Sulayem – “The remarkable turnout we received from the first Expo made it clear that weiter >>
Cityscape Global Dubai registers 25% growth
13.09.2017
...year on year for visitors on first two daysPhoto caption:    Cityscape Global registers 25% increase in visitors for first two days. Major developers confirm host of real estate sales amidst a surge o weiter >>
Saudi investors to keep faith in Dubai real estate
13.09.2017
ARTAR COO says the emirate’s property market has a proven reputation for delivering long-term benefits Saudi Arabian investors will continue to put their faith in Dubai real estate because the emirate’s property market has a proven re weiter >>
Property buyers told to focus on supply factor when weighing up investment options
13.09.2017
Fäm Properties CEO AL Msaddi says creative marketing can confuse inexperienced investorsInvestors weighing up their options in Dubai real estate were warned today to focus on un weiter >>
Cityscape Global Awards for emerging markets
12.09.2017
... celebrate international architectural excellencePhoto caption: Winners of the Cityscape Global Awards for the Emerging MarketsMore than 300 entrants shortlisted to 11 winners from UAE, Bahrain, Saudi Arabia, Kuwait, Argentina, weiter >>
Dubai property market changing face
12.09.2017
Building surge highlights changing face of investment in Dubai real estate - Al MsaddiFäm Properties CEO spotlights market shift at Cityscape Global as plot owners take development route, land advisory set to boom, speculators fade weiter >>
Cityscape Global Dubai 2017 official opens
11.09.2017
Photo caption:    Cityscape Global has officially opened at the Dubai World Trade Centre, running until Wednesday 13 SeptemberRegion’s largest real estate event offers diverse portfolio of projects, on-site sa weiter >>
Introducing District One Residences, a distinguished adress in the centre of Dubai, UAE
11.09.2017
Photo caption:    District One Residences, a new low to mid rise apartment concept in Mohammed Bin Rashid Al Maktoum City – District One, will be launched at Cityscape Global, 11-13 September, DWTCThe new Dist weiter >>
FÄM Properties reveals Bitcoin payment option for rentals
11.09.2017
...at major new Dubai destinationAl Msaddi says landlords believe cryptocurrency initiatives will attract educated, savvy tenantsPhoto caption:    Firas Al Msaddi, CEO of weiter >>
© 2001-2017 copyright automobilsport.com