MEIC PRE-CONFERENCE SURVEY MIDDLE EAST & NORTH AFRICA MARKET ISSUES. 6 April 2014
|
|
- Francine Malone
- 5 years ago
- Views:
Transcription
1 MEIC PRE-CONFERENCE SURVEY MIDDLE EAST & NORTH AFRICA MARKET ISSUES 6 April 2014
2 SURVEY RESULTS
3 80% EXPECT THEIR LOCAL ECONOMY TO EXPAND IN 2014, 76% EXPECT THEIR BUSINESS TO EXPAND AND 67% EXPECT THE GLOBAL ECONOMY TO EXPAND For 2014, what are your expectations for the following? No change Contract Expand 27% 6% 14% 6% 19% 5% 67% 80% 76% Global economy Local economy Your business or organization
4 MOST RESPONDENTS (90%) EXPECT INFLATION IN LOCAL MARKETS TO INCREASE IN 2014 For 2014, what are your expectations for the following in your local market? No change Decrease Increase 6% 4% 22% 19% 5% 13% 28% 6% 34% 2% 38% 3% 90% 72% 68% 66% 64% 59% Inflation Debt issuing activities Foreign investments IPO and equity raising activities Mergers & Acquisitions Wage levels
5 THE POLITICAL CHANGE OCCURRING FROM THE ARAB SPRING WILL IMPACT THE MENA REGION THIS YEAR THROUGH DECREASED ECONOMIC RATES, AND OVER THE NEXT FIVE YEARS THROUGH INCREASED ECONOMIC GROWTH RATES What economic impact, if any, will the political change occurring from the Arab Spring have on the MENA region? 2014 Over the next 5 years 63% 61% 29% 24% 15% 8% Increased economic growth rates Decreased economic growth rates No change in economic growth rates
6 GLOBALLY, EQUITIES WILL HAVE THE HIGHEST EXPECTED TOTAL RETURN IN 2014 AND LOCALLY, REAL ESTATE FOLLOWED BY EQUITIES Rank the following asset classes in order of expected total return in 2014 where 1 indicates the highest expected total return. Displays % ranking each as 1-highest expected total return Globally Local Market 71% 56% 35% 12% 9% 5% 6% 1% 3% 1% 1% 2% Equities Real estate Precious metals Commodities Bonds Cash
7 IMPROVING MARKET INTEGRITY AND TRANSPARENCY WILL HELP JORDAN THE MOST IN ENSURING LONG-TERM SUSTAINABLE GROWTH. What does Jordan need to do most to ensure long-term sustainable growth? 51% 20% 12% 8% 6% 3% Improve market integrity and transparency Increase educational opportunities Focus on services Invest in renewable energy Tax reforms Other
8 ONLY 18% OF MEMBERS BELIEVE MENA ECONOMIES ARE COMPETITIVE IN THE INTERNATIONAL MONETARY SYSTEM. How competitive do you believe MENA economies are in the international monetary system? Not competitive at all Very competitive 5 16% 2% 2% 36% 44%
9 INCREASED INVESTMENT IN INFRASTRUCTURE FOLLOWED BY POLITICAL STABILITY AND GOOD GOVERNANCE AND DEVELOPMENT OF A PRIVATE SECTOR WILL HAVE THE MOST POSITIVE IMPACT ON MENA ECONOMIES IN 2014 What impact, if any, will the following have on the MENA economies in 2014? No impact Negative impact Positive impact 3% 1% 1% 7% 6% 8% 2% 11% 12% 2% 15% 1% 4% 6% 96% 92% 92% 90% 88% 84% 79% 100% Increased investment in infrastructure Political stability and good governance Development of a private sector Improved capital markets regulation Increased investment in education Increased Regional economic investing in SMEs integration Other
10 IMPROVED TRANSPARENCY AND CORPORATE GOVERNANCE PRACTICES WOULD MOST IMPROVE INVESTOR TRUST AND CONFIDENCE ACROSS THE MENA MARKETS. What change(s), if any, would most improve investor trust and confidence across the MENA markets? Improved transparency of financial reporting and other corporate disclosures 87% Improved corporate governance practices 71% Improved enforcement of existing laws and regulations Improved market trading rules on transparency and frequency of trades Adoption of a code of ethics and professional conduct for all professionals managing investments Stronger deterrents to prevent market and investor abuses 55% 55% 64% 63% Improved auditing practice and standards 48% Improved investor education among clients Improved regulation and oversight of global systemic risk Increase the levels of industry knowledge for those working in financial services but outside investment roles Other No changes will improve investor trust and confidence across regional markets None of the above 1% 0% 0% 29% 42% 41%
11 EMPLOYMENT OPPORTUNITIES FOR INVESTMENT PROFESSIONALS ARE EXPECTED TO INCREASE IN 2014 WHILE WAGE LEVELS ARE EXPECTED TO EITHER STAY THE SAME OR INCREASE In 2014, what are your expectations for employment opportunities for investment professionals? No change Decrease Increase In 2014, how, if at all, do you expect wage levels for investment professionals to change? No change Decrease Increase 32% 26% 45% 36% 15% 15% 9% 12% 53% 59% 43% 55% Global Local Market Global Local Market
12 MEMBERS THINK INVESTMENT OPPORTUNITIES IN THE COMING THREE YEARS WILL BE BEST IN SAUDI ARABIA, UAE, AND QATAR How would you rate the investment opportunities in each of the following countries in the coming 3 years? Poor Excellent 5 4% 2% 5% 11% 15% 16% 17% 19% 29% 32% 35% 35% 51% 57% 54% 64% 47% 85% 83% 79% 47% 19% 41% 42% 19% 51% 34% 30% 33% 30% 29% 26% 24% 14% 11% 6% SAUDI ARABIA UNITED ARAB EMIRATES QATAR OMAN MOROCCO EGYPT TUNISIA KUWAIT LIBYAN ARAB JAMAHIRIYA JORDAN BAHRAIN LEBANON
13 UAE, SAUDIA ARABIA AND QATAR WILL SEE THE STRONGEST ECONOMIC GROWTH IN THE MENA REGION IN 2014 Countries Expected to Experience the Strongest Economic Growth in 2014 Rank 3 Rank 2 Rank 1 18% 28% 25% 29% 28% 36% 42% 28% 21% 3% 10% 1% 3% 5% 2% 1% 1% 3% 4% 1% 1% 2% 1% 1% 1% 3% UAE Saudi Arabia Qatar Libya Egypt Kuwait Morocco Tunisia Bahrain Jordan Lebanon Oman
14 OPEN-END COMMENTS What does Jordan need to do most to ensure long-term sustainable growth? Other Keep asking other countries for handouts. Don't build two monstrous towers in the middle of a residential area then keep them lingering when the contractor goes bust. Political environment What impact, if any, will the following have on the MENA economies in 2014? Other Better Corporate Governance Governance Improved personal freedom and human rights Real Estate Regulations reducing governments corruption Transparency Additional Comments Corruption and ignorance are the main lesion in our region; once we get rid of these tumors we might witness a significant growth and prosperity rates For sustainable growth, regional economies need to diversify from their dependence on Hydrocarbon income. However, new source of income such as industries should not be based on subsidies or protections, rather they should be capable of competing at global level. / The mind set of the local population need to change. Rather than looking for protected jobs in public sector and they should be prepared ( through education) to take competitive roles in private sector. Good technology for the questionnaire. Well done. I just hope that I get an opportunity to use my CFA charter to move to a better front office role in the improved economic environment There is risk of social revolution in Saudi Arabia that nobody talks about.
15 ABOUT THE STUDY Global Market Sentiment Survey
16 ABOUT THIS SURVEY To coincide with the 2014 Middle East Investment Conference held in Jordan on 9-10 April 2014,, in collaboration with member societies in the Middle East, conducted a survey to gather opinions on market issues in the Middle East and North Africa (MENA) region to raise the profile of members, societies, and and build meaningful dialogue within the region. METHODOLOGY An online survey was conducted from 23 February to 20 March CFA Institute members and those with charters pending in 12 countries across the Middle East and Northern Africa were invited to participate in the survey, totaling 1, responded, for an overall response rate of 5% and a margin of error of ±9.6%. The survey consisted of thirteen questions in total.
17 RESPONDENT PROFILE Region North Africa, 6% Middle East, 94% Country UNITED ARAB EMIRATES 40% SAUDI ARABIA 16% BAHRAIN 9% KUWAIT 9% LEBANON 9% JORDAN 6% EGYPT 3% MOROCCO 2% OMAN 2% QATAR 2% TUNISIA 1%
18 RESPONDENT PROFILE Years with the Charter Top Job Functions Corporate Financial Analyst 16% Portfolio Manager 15% No Charter, > 20 years, 18% 1% years, 1% < 2 years, 29% Chief-Level Executive Research Analyst 9% 10% years, 10% Financial Advisor 9% 6-10 years, 15% 2-5 years, 26% Risk Manager Investment Banking Analyst 8% 8% Relationship Manager 2% Consultant 2%
19 ABOUT CFA INSTITUTE is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors interests come first, markets function at their best, and economies grow. has more than 110,000 members in 138 countries and territories, including over 103,000 CFA charterholders, and 138 member societies. For more information, visit QUESTIONS? Media inquiries: Nicole Haroutunian Public Relations Manager nicole.haroutunian@cfainstitute.org Survey inquiries: Lisa Schuetz Manager, Market Intelligence lisa.schuetz@cfainstitute.org
20 APPENDIX
MEIC PRE-CONFERENCE SURVEY: MIDDLE EAST & NORTH AFRICA MARKET ISSUES. March 2013
MEIC PRE-CONFERENCE SURVEY: MIDDLE EAST & NORTH AFRICA MARKET ISSUES March 2013 SURVEY RESULTS POLITICAL STABILITY & GOOD GOVERNANCE WOULD HAVE THE MOST POSITIVE IMPACT ON ECONOMY 60% What do you think
More informationJuly Bayt.com Happiness Survey in Middle East and North Africa
July 2013 Bayt.com Happiness Survey in Middle East and North Africa Objective The research was conducted to understand the current level of happiness and satisfaction in the MENA region. The key information
More informationMSCI Index Proposal for Gulf Countries. November 2005
MSCI Index Proposal for Gulf Countries November 2005 Introduction This document sets forth MSCI s proposal to create indices for the countries of the Gulf Cooperation Council (GCC). MSCI is considering
More informationThe UAE has the least demanding tax system, but new data highlights post filing challenges for the region, says PwC
The UAE has the least demanding tax system, but new data highlights post filing challenges for the region, says PwC Qatar and the UAE currently share equal first place globally as the easiest countries
More informationMiddle East and North Africa Regional Economic Outlook Oil, Conflicts, and Transitions
Middle East and North Africa Regional Economic Outlook Oil, Conflicts, and Transitions May 5, 2015 Agenda Global Environment MENAP Oil Exporters MENAP Oil Importers Global growth remains moderate and uneven
More informationBank Corporate Governance in the MENA Region
Bank Corporate Governance in the MENA Region Institute for International Finance MENA CEO Summit Dubai International Financial Centre 24 February 2008 Dr. Nasser Saidi Executive Director Hawkamah, The
More informationLEBANON WEEKLY REPORT
Lebanon s major entrepreneurship weakness is in product innovation, being the ability to provide unique products or services. The country s greatest strength in entrepreneurship is found in its perception
More informationWorking Group 1. Session 2: International Investment Agreements
Working Group 1 Session 2: International Investment Agreements 4 September 2007, Amman Dr. Alexander Böhmer OECD, Directorate for Financial and Enterprise Affairs What is the purpose of international investment
More informationInsure Egypt Briefings
Low Oil Prices and Political Instability Provide Testing Times for Middle East & North Africa Insurance Markets A.M.Best Once viewed as an economic powerhouse amongst emerging markets, with seemingly unstoppable
More informationPublic Private Partnerships for Infrastructure Financing
Public Private Partnerships for Infrastructure Financing Elements to consider Dr. Alexander Böhmer Head of MENA-OECD Investment Programme Private Sector Development Division Meeting of Working Group 1
More informationHikma Pharmaceuticals PLC
Hikma Pharmaceuticals PLC This document, which has been issued by Hikma Pharmaceuticals PLC (the Company ), comprises the written materials/slides for a presentation. This document and its contents are
More informationVAT IN UAE GENERAL UNDERSTANDING.
VAT IN UAE GENERAL UNDERSTANDING Introduction of VAT Value Added Tax (VAT) is an indirect tax on consumption. It applies to most goods and services. VAT is levied on business transactions, i.e. on goods
More informationSTRENGTHENING CAPITAL MARKET REGULATION AND SUPERVISION IN THE MENA REGION
MENA-OECD CAPITAL MARKETS TASK FORCE MEETING ON STRENGTHENING CAPITAL MARKET REGULATION AND SUPERVISION IN THE MENA REGION 22 May 2012, starting at 14.00 Rotana Beach Hotel PRECEDING THE AMF-IMF-WORLD
More information/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:
The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting
More informationPresentation. Tax risks faced by Chinese investors eyeing attractive investment opportunities in GCC. 15 March 2016
Presentation Tax risks faced by Chinese investors eyeing attractive investment opportunities in GCC 15 March 2016 1 Agenda 1. Introduction 2. Chinese investment in the GCC 3. Middle East/ GCC recent tax
More informationMENA Benchmarking Report Arab-EU Business Facilitation Network
MENA Benchmarking Report Arab-EU Business Facilitation Network www.ae-network.org September 2014 Agenda Objective of the Report Macroeconomic Analysis Business Environment Index MENA Rankings 2 Objective
More informationMENA IPO Eye. MENA IPO market starting to realize its potential. Saudi Arabia tops the MENA IPO market Q2 2014
MENA IPO Eye Q2 214 Mayur Pau MENA IPO Leader The MENA IPO Eye is a quarterly publication covering the MENA IPO Through the publication, we intend to highlight outlook of IPO activity in the region that
More informationNASCO KARAOGLAN FRANCE
NASCO KARAOGLAN FRANCE NKF VALUES WHO ARE WE? NASCO GROUP NASCO FRANCE TREATY DEPARTMENT NASCO FRANCE NK France was founded in 1976 in Paris as a wholly owned subsidiary of Nasco Karaoglan Group. The Company
More informationTask Force on Corporate Governance of Banks
WORKING GROUP 5 IMPROVING CORPORATE GOVERNANCE IN THE MIDDLE EAST AND NORTH AFRICA Task Force on Corporate Governance of Banks Contact: Elena.Miteva @OECD.org, Tel.: 00331 4524 7667 OECD and the Middle
More informationLazard Insights. MENA Equities: An Overlooked Dimension within Emerging Markets. Summary. Structural Advantages
Lazard Insights MENA Equities: An Overlooked Dimension within Emerging Markets Walid Mourad, Portfolio Manager/Analyst, Middle East North African Equity team Summary MENA governments are committing a large
More informationDOCUMENT VERSION Otto Christian Kober Global Head of Methodology
DOCUMENT VERSION 18.03 Otto Christian Kober Global Head of Methodology THOMSON REUTERS LIPPER FUND AWARDS 2018 METHODOLOGY AND LOGO GUIDELINES CONTENTS 1 GENERAL METHODOLOGY... 3 2 SPECIFIC METHODOLOGY
More informationIRAN'S OIL AND GAS INDUSTRY POST-SANCTION
The Introduction of New Iran Petroleum Contracts IPC Tehran 2015 IRAN'S OIL AND GAS INDUSTRY POST-SANCTION By: Amir Hossein Zamaninia Deputy Oil Minister for Trade and International Affairs JCPOA(Joint
More informationBayt.com Middle East Consumer Confidence Index. September 2016
Bayt.com Middle East Consumer Confidence Index September 2016 Section 1 PROJECT BACKGROUND Objectives To understand perceptions and attitudes of consumers in the Middle East regarding the economy of their
More informationFranklin Templeton Investment Funds. Franklin MENA Fund. Fund Fact Sheet. Performance over 5 Years in Share Class Currency (%)
Franklin Templeton Investment Funds Franklin MENA Fund Middle East and North Africa Equity 28.02.2019 Fund Fact Sheet For the source and calculation basis of Fund information, please refer to the *Explanatory
More informationGLOBAL MARKET SENTIMENT SURVEY 2015
GLOBAL MARKET SENTIMENT SURVEY 2015 DETAILED SURVEY RESULTS December 2014 TABLE OF CONTENTS 1. MARKET PREDICTIONS 2. ECONOMIC OUTLOOK 3. EMPLOYMENT PROSPECTS 4. TRUST IN PRACTITIONERS 5. MARKET INTEGRITY
More informationCurrent trends in generic medicines in the Middle East: challenges and opportunities. Mazen Darwazah Vice Chairman, Hikma Pharmaceuticals PLC
Current trends in generic medicines in the Middle East: challenges and opportunities Mazen Darwazah Vice Chairman, Hikma Pharmaceuticals PLC Middle East and North African pharmaceutical markets Middle
More informationDRAFT Agenda. Arab Forum on Asset Recovery September 2012 St. Regis Hotel, Doha, State of Qatar
DRAFT Agenda Arab Forum on Asset Recovery 11-13 September 2012 St. Regis Hotel, Doha, State of Qatar Background: The Deauville Partnership with Arab Countries in transition is an international effort launched
More informationPanel Discussion on Business Climate Reforms in Egypt
Panel Discussion on Business Climate Reforms in Egypt at the occasion of the launch of the OECD Business Climate Review of Egypt Agenda Organised by the MENA-OECD Investment Programme in partnership with
More informationMENA DEALS INSIGHT 1Q 2015
Q1 MENA DEALS INSIGHT 1Q 2015 Quarter Highlights MENA Deal Insight 1Q2015 MENA M&A to maintain healthy growth into 2015: EY UAE seen leading mergers in the Middle East region 2014 IPOs close on a positive
More informationWorking Women in the MENA
Working Women in the MENA December 2017 Objectives The Bayt.com Working Women in the Middle East Survey explores the status of working women in the Middle East and North Africa (MENA) Among other key insights,
More informationINVESTIGATION OF THE RELATIONSHIP BETWEEN CURRENT ACCOUNT DEFICIT AND SAVINGS IN MENA ECONOMIES: AN EMPIRICAL APPROACH
INVESTIGATION OF THE RELATIONSHIP BETWEEN CURRENT ACCOUNT DEFICIT AND SAVINGS IN MENA ECONOMIES: AN EMPIRICAL APPROACH Dr. Gülgün Çiğdem, Kadir Has University, Vocational School, Banking and Insurance,
More informationStephen Dover, CFA: Purav Jhaveri, CFA: A
30.11.2018 * () 103 16.06.2008 50 * ( 30%) * Stephen Dover, CFA: Bassel Khatoun: Purav Jhaveri, CFA: Salah Shamma: - A Morningstar*: * % 99.13 0.87 100% ( ) * 5 () (%) A 140 120 100 80 11/13 05/14 11/14
More informationMiddle East and North Africa Regional Economic Outlook
Regional Economic Outlook Morocco Algeria Tunisia Libya Lebanon Egypt Syria Iraq Iran Jordan Saudi Kuwait Arabia Bahrain Afghanistan Pakistan Mauritania Sudan Djibouti Qatar Yemen Oman United Arab Emirates
More informationSeminar on Performance Budgeting and Fiscal Transparency
African Training and Research Centre in Administration for Development World Bank Seminar on Performance Budgeting and Fiscal Transparency Learning activity on PFM and Regional Development in MENA Concept
More informationIntroduction to KUWAIT
Introduction to KUWAIT Kuwait is the world s 10th largest producer of oil. Total oil production, which is equivalent to half the country s GDP, was estimated at 2.9 million barrels per day in 2016. Oil
More informationHow the Arab World Can Benefit from Low Oil Prices. Shanta Devarajan World Bank
How the Arab World Can Benefit from Low Oil Prices Shanta Devarajan World Bank www.brookings.edu/futuredevelopment Current problems in the Arab World Unemployment 30 Unemployment rate (latest available),
More informationTax Incentives and FDI Performance
Organisation for Ecomic Cooperation and Development Tax Incentives and FDI Performance Ana Cebreiro Tax Ecomist, CTPA MENAOECD Investment Programme Meeting of Working Group 3 (Tax Policy for Investment)
More informationLebanon Weekly Report
ECONOMY World Bank forecasts Lebanon real GDP growth at 2% in 2015 and 2.5% in 2016 The World Bank said that Lebanon s economic activity continues to tick along at a modest pace despite the political dysfunctionality.
More informationThe Bayt.com Middle East and North Africa Salary Survey May 2018
The Bayt.com Middle East and North Africa Salary Survey 0 May 0 Objectives The research was conducted to gauge employee satisfaction with their current salaries and factors affecting thereof. The key objectives
More informationRe-assessing the Arab-European Financial Relationship: Continuity in the Middle East, Change in Europe
Re-assessing the Arab-European Financial Relationship: Continuity in the Middle East, Change in Europe Andrew Cunningham Founder Darien Middle East www.darienmiddleeast.com French-Arab Banking Dialogue
More informationFREQUENTLY ASKED QUESTIONS ABOUT THE COMMON REPORTING STANDARD
FREQUENTLY ASKED QUESTIONS ABOUT THE COMMON REPORTING STANDARD 1 As intergovernmental organizations and other authorities continue the drive for global tax transparency, financial services institutions
More informationRising Middle East Stock Markets
Rising Middle East Stock Markets Index, January 2002 = 100 1400 1200 1000 800 600 400 200 Egypt Israel Jordan Kuwait Saudi Arabia U.A.E. 0 2003 2004 2005 2006 Source: Bloomberg Capital Access Index 2006
More informationDr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies
Dr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies Rmarzoqi@gmail.com 3 nd Meeting of OECD-MENA Senior Budget Officials Network Dubai, United Arab Emirates, 31 October-1 November 2010 Oil Exporters
More informationOECD JOURNAL: FINANCIAL MARKET TRENDS VOLUME 2010 ISSUE 2 OECD
* Alissa Koldertsova is a Policy Analyst in the Corporate Affairs Division of the OECD Directorate for Financial and Enterprise Affairs, where she is primarily responsible for managing the Organisation
More informationDOCUMENT VERSION Otto Christian Kober Global Head of Methodology
DOCUMENT VERSION 16.01 Otto Christian Kober Global Head of Methodology THOMSON REUTERS LIPPER FUND AWARDS 2016 METHODOLOGY AND LOGO GUIDELINES CONTENTS 1 GENERAL METHODOLOGY... 3 2 SPECIFIC METHODOLOGY
More informationIntroduction to TUNISIA
Introduction to TUNISIA Tunisia is small open economy with strong ties to Europe. The country has been cited as a success story for a number of years, following decades of robust growth and impressive
More informationPAYMENT SYSTEMS IN THE ARAB COUNTRIES
PAYMENT SYSTEMS IN THE ARAB COUNTRIES -Africa- WORLD BANK CONFERENCE REDEFINING THE LANDSCAPE OF PAYMENT SYSTEMS 7-10 APRIL 2009 CAPE TOWN-SOUTH AFRICA RAMZY HAMADEH 1 PAYMENT SYSTEMS IN THE ARAB COUNTRIES
More informationIntroduction to SAUDI ARABIA
Introduction to SAUDI ARABIA Saudi Arabia is the world s largest oil producer and exporter with almost one-fifth of the word s proven oil reserves. Benefiting from abundant and cheap energy, the industrial
More informationA broken social contract, not inequality, triggered the Arab Spring
A broken social contract, not inequality, triggered the Arab Spring Shanta Devarajan and Elena Ianchovichina World Bank www.brookings.edu/futuredevelopment % of population Before 2011, poverty rates in
More informationLebanon Weekly Report
Lebanon ranks 98 th most prosperous country in the world The Legatum Prosperity Index defines prosperity as a combination of wealth and wellbeing, benchmarking 142 countries in eight categories. In the
More informationThe Bayt.com Middle East Job Index Survey. February 2017
The Bayt.com Middle East Job Index Survey February 2017 Section 1 PROJECT BACKGROUND Objectives To gauge perceptions of job availability and hiring. To identify trends in the Middle East and North Africa
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97,294,995.20 Fund Inception Date 16/06/2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationBeltone Financial Leading transformation
Beltone Financial Leading transformation CREDENTIALS December 2012 BELTONE FINANCIAL HOLDING Beltone Investment Banking HQ Cairo Beltone Asset Management HQ Cairo Beltone Fixed Income HQ Cairo Beltone
More informationOctober ,190 Respondents Online Methodology
Consumer Confidence Index October 2007 14,190 Respondents Online Methodology Objective To understand perceptions and attitudes of Middle Eastern consumers regarding the economy of their countries, their
More informationFUTURE STATE OF THE INVESTMENT PROFESSION
APRIL 2017 FUTURE STATE OF THE INVESTMENT PROFESSION PURSUING BETTER OUTCOMES FOR THE END INVESTOR, THE INDUSTRY, AND SOCIETY Appendix B FUTURE STATE OF THE INVESTMENT PROFESSION D1. What is your title?
More informationBenchmark. Middle East hotel benchmark survey report September 2015
Benchmark Middle East hotel benchmark survey report September 215 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationArab Financing Facility for Infrastructure Developing infrastructure for growth and regional integration in Arab countries
AFFI Brochure Arab Financing Facility for Infrastructure Developing infrastructure for growth and regional integration in Arab countries What is AFFI? The Arab Financing Facility for Infrastructure (AFFI)
More informationBenchmark. Middle East Hotel Benchmark Survey Report October 2011
Benchmark Middle East Hotel Benchmark Survey Report ober 211 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationThe Bayt.com Middle and North Africa Salary Survey May 2014
The Bayt.com Middle and North Africa Salary Survey 2014 May 2014 Objective The research was conducted to gauge employee satisfaction of their current salaries and factors affecting thereof. The key objectives
More informationMENA IPO Eye. MENA IPO market is set to scale up activity Q The MENA IPO Eye is a. the latest developments,
MENA IPO Eye Q1 21 MENA IPO market is set to scale up activity The momentum seen in IPO activity in Middle East and North Africa (MENA) last year, particularly Mayur Pau MENA IPO Leader The MENA IPO Eye
More informationREPORT ON: IDB s WTO-RELATED TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM
ISLAMIC DEVELOPMENT BANK REPORT ON: IDB s WTO-RELATED TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM 33 rd Session of the COMCEC (Istanbul, Turkey, 20-23 November 2017) IDB WTO-RELATED TECHNICAL ASSISTANCE
More informationInvestment Development Authority of Lebanon Arab Spanish Investment Forum 2011
Investment Development Authority of Lebanon Arab Spanish Investment Forum 2011 Wednesday October 26 th Headlines 1. ABOUT LEBANON 2. CURRENT TRENDS IN SPANISH LEBANESE TRADE 3. SPANISH COMPANIES AND LEBANON
More informationGULF WisdomTree Middle East Dividend Fund
WisdomTree Middle East Dividend Fund ETF.com segment: Equity: Frontier Middle East & Africa - Total Market Competing ETFs: N/A Related ETF Channels: Frontier Middle East & Africa, Smart-Beta ETFs, Dividend,
More informationUnemployment and Inflation.
Unemployment and Inflation. Unemployment, Prices and Inflation The Learning Objectives in this presentation are covered in Chapter 16: Measuring Total Production and Income LEARNING OBJECTIVES 1. For Unemployment
More informationS&P Shariah Indices Dow Jones Islamic Market Indices QUANTITATIVE ANALYSIS
S&P Shariah Indices Dow Jones Islamic Market Indices QUANTITATIVE ANALYSIS Q2 2015 Contents S&P Shariah Indices S&P Global Shariah 3 S&P Pan Arab Shariah 4 Sector Composition Comparisons 5 Dow Jones Islamic
More informationChartered Loss Adjusters & Surveyors
The people you can trust when you really need them WHO WE ARE Whitelaw Chartered Loss Adjusters and Surveyors (WLA) is an established and reputed professional loss adjusting practice based in the Middle
More informationImportance of financial infrastructure to increase Access to Finance
Building a high performance SME business in the MENA Region Arab Monetary Fund & International Finance Corporation Dubai, 7-8 May 2013 Importance of financial infrastructure to increase Access to Finance
More informationJames O Shea, Partner. Clyde & Co, Dubai
Although the Middle East seems poised for consolidation, and foreign insurers are still looking to enter the market, this does not appear to be happening. Companies who believe it is strategically critical
More informationThe MENA-OECD Investment Programme Investment in the MENA Region and the Crisis
The MENA-OECD Investment Programme Investment in the MENA Region and the Crisis Amman, 15 February 2010 Agenda 1. Effects of the crisis and the work of the OECD 2. Macroeconomic trends in the MENA region
More informationNORTH AFRICA HOLDING COMPANY
NORTH AFRICA HOLDING COMPANY Unlocking Potential Creating Value CORPORATE PRESENTATION December 2010 1 Agenda North Africa Holding Company Why investing in North Africa KIPCO Group 2 Snapshot on North
More informationSHUAA Capital DFM Roadshow Presentation
SHUAA Capital DFM Roadshow Presentation London, May 2007 Disclaimer This document is produced for informational purposes only. The information contained herein must not be reproduced in whole or in part
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97.294.995,20 Fund Inception Date 16.06.2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationThe State of the Islamic Capital Market & Future Prospects
The State of the Islamic Capital Market & Future Prospects Ijlal Alvi CEO IIFM Contents Global Market Perspective The Islamic Capital Market OIC Equity Market Malaysian Capital Markets Way Forward Future
More informationMay ,026 Respondents Online Methodology
Consumer Confidence Index May 2008 13,026 Respondents Online Methodology Objective To understand perceptions and attitudes of Middle Eastern consumers regarding the economy of their countries, their personal
More informationDelivering mobile connectivity in MENA: A review of mobile sector taxation and licence extension. May 2017
Delivering mobile connectivity in MENA: A review of mobile sector taxation and licence extension May 2017 Executive Summary The report provides an overview of the tax and fee regime applied to mobile services
More informationThe State of Digital Investments in MENA
The Transforming Power of the Entrepreneurship and Innovation Ecosystem: Lessons Learned Volume 2018 Conference Paper The State of Digital Investments in MENA 2013 2016 Azza Yehia ArabNet, Nassif El Yaziji
More informationima The Association of Accountants and Financial Professionals in Business
ima The Association of Accountants and Financial Professionals in Business IMA Middle East/Africa Salary Survey for 2016 IMA Middle East/Africa Salary Survey for 2016 About IMA IMA, the association of
More informationPwC s Academy VAT Training
www.pwcacademy-me.com PwC s Academy VAT Training Enhance your organisation's VAT capabilities 2018-19 Trained by PwC Contents Why choose PwC s Academy for VAT training 3 PwC s Academy VAT training 4 GCC
More informationThe people you can trust when you really need them
The people you can trust when you really need them WHO WE ARE Whitelaw Loss Adjusters (WLA) is an established and reputed professional loss adjusting practice based in the Middle East. Independently owned
More informationLebanon s Experience
1 Data sources and collection of relevant data: ITRS Lebanon s Experience The International Transactions Reporting System (ITRS) is an important source of data for BOP transactions in Lebanon in the absence
More informationQNB Global Funds ICAV. QNB MENA Equities Fund. 26 January 2017 Supplement
QNB Global Funds ICAV QNB MENA Equities Fund 26 January 2017 Supplement (A sub-fund of QNB Global Funds ICAV, an Irish collective asset-management vehicle constituted as an umbrella fund with segregated
More informationImproving the Business Environment in Iraq Through Secured Transactions
Improving the Business Environment in Iraq Through Secured Transactions Murat Sultanov Beirut, October 17, 2011 CONTENTS What is Secured Transactions? Economic Importance 1 Why these systems are underdeveloped
More informationOur core lies in quality, performance and courage
Our core lies in quality, performance and courage Tabuk Pharmaceuticals develops, manufactures, markets and distributes branded generic pharmaceuticals and under-licensed products globally, with a strong
More informationWhat Is Corporate Governance and Why Do We Need It?
What Is Corporate Governance and Why Do We Need It? Dr. Nasser Saidi Executive Director Hawkamah ICG Chief Economist, DIFC LCGTF CG Code Workshop 2 March 2007 Agenda Basics: what is Governance? Corporate
More informationTRIAX. T. Rowe Price SUMMARY PROSPECTUS. March 1, 2018
SUMMARY PROSPECTUS TRIAX March 1, 2018 T. Rowe Price Institutional Africa & Middle East Fund A fund seeking long-term growth of capital through investments in common stocks of companies located (or with
More informationOil price volatility: Focus on the fundamentals to navigate your way to long-term rewards
Oil price volatility: Focus on the fundamentals to navigate your way to long-term rewards December 2014 Oliver Bell, Portfolio Manager, Middle East & Africa; Global Frontier Markets Equities Strategy EXECUTIVE
More informationFinancial Accounting Advisory Services
Financial Accounting Advisory Services May 2013 Agenda About EY 3 5 Appendix 13 Contacts 15 Page 2 About EY Page 3 EMEIA Sub-areas Africa Angola, Botswana, Republic of Congo, Equatorial Guinea, Ethiopia,
More informationA Review of Intellectual Property-Related News and Developments in the Middle East and North Africa March 2013 issue 3
Bulletin A Review of Intellectual Property-Related News and Developments in the Middle East and North Africa March 2013 issue 3 NEWS: Ethiopia - New Law Comes Into Effect The long-awaited regulations implementing
More informationNew Generalized Systems of Preferences: What does it mean for you? Countries excluded from new scheme
Customs & Global Trade 2013 New Generalized Systems of Preferences: What does it mean for you? Countries excluded from new scheme In October last year, the Council adopted a regulation amending the European
More informationHIKMA PHARMACEUTICALS PLC UBS GLOBAL GENERIC & SPECIALITY PHARMACEUTICALS CONFERENCE NEW YORK 8-9 MAY 2007
HIKMA PHARMACEUTICALS PLC UBS GLOBAL GENERIC & SPECIALITY PHARMACEUTICALS CONFERENCE NEW YORK 8-9 MAY 2007 About Hikma Founded in Jordan in 1978 Multinational business developing, manufacturing and marketing
More information1
1 The Future of Finance initiative is a long-term global effort to shape a trustworthy, forward-thinking financial industry that better serves society. It provides the tools to motivate and empower the
More informationBilder immer einfärben in: Blue, Accent color 1. Saudi Arabia. Statista Country Report. November 2017
Bilder immer einfärben in: Blue, Accent color 1 Saudi Arabia Statista Country Report November 2017 Saudi Arabia Overview General information: Capital: Official language(s): Main religion: Main ethnic group:
More informationNTDEC EXECUTIVE FORUM. Current Conflicts in Middle East
NTDEC EXECUTIVE FORUM Current Conflicts in Middle East Presented by the North Texas District Export Council October 21. 2014 By Riad SUKKAR International Business Development AMC Global Topics Conflicts
More informationVAT in GCC Am I ready for VAT?
VAT in GCC Am I ready for VAT? #VATwithIMC Author or Company YOUR LOGO 1 What is VAT? Value Added Tax (VAT) is an indirect tax levied on consumption. It is imposed on sale of goods and services excluding
More informationNigeria Economic Update QNB Group. September 2014
Nigeria Economic Update QNB Group September 21 Nigeria Overview A rebasing of GDP in 213 has made Nigeria the biggest economy in Africa with the largest population; the economy is growing rapidly but remains
More informationChief Executive Officer
Said Darwazah Chief Executive Officer 211 highlights Strong Group performance in a challenging year 95 9 MSI PROMOPHARM $11.2 m $918.m 85 8 75 BRANDED + 9.6% $37.9 m INJECTABLES + 23.3% $36.7 m GENERICS
More informationInvestor Relations Presentation December 2012
Investor Relations Presentation December 2012 Contents 1. QNB at a Glance 2. QNB Comparative Positioning Qatar and MENA 3. Financial Highlights December 2012 4. Economic Overview 2 QNB at a Glance QNB
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97294995.20 Fund Inception Date 16/06/2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationIntroduction to MOROCCO
Introduction to MOROCCO With a GDP of USD 101bn in 2015, Morocco is a medium-sized economy. Sound macroeconomic fundamentals, a resilient and sophisticated banking sector and the implementation of structural
More informationWorking in the Gulf and looking for the perfect health insurance?
AXA Agent Secure Series With more than 102 million customers around the globe, AXA is one of the world s largest insurance providers. We offer a wide range of insurance products to meet your personal and
More information