Deutsche Bank today convened its fifth Middle East and North Africa (MENA) Conference in Dubai. The two days conference brings together senior management from more than 25 regional companies and institutional fund managers from across the world.
The Dubai economy is back on track and growing around 5% p.a. with the Real Estate sector attracting most of the headlines and the tourism, transport and trade sectors that complete the economy spine also now growing nicely. Crucially, the Eurozone has emerged from its longest recession on record and global growth accelerates, while China’s slowdown appears to have stabilised. With the major regions exhibiting signs of stability, the risks of a significant economic dislocation are subsiding. While Emerging Markets assets will remain vulnerable in the coming months, there are no signs that the crisis will becoming systemic, as most EM countries are in a fundamentally stronger position than during previous episodes of capital flow reversals (fewer currency and duration liability mismatches, stronger CA positions, floating currencies and higher FX reserves).
Ahmed Beydoun, Head of Equities for the Middle East and North Africa at Deutsche Bank, said: “In the global context, the MENA markets have fared very well in 2013. In particular UAE and Qatar which will both join the MSCI EM in 2014 have enjoyed stellar performance. The conference provides an invaluable window for analysts onto regional companies and leading players, and gives participants access to Deutsche Bank’s regional equity and economic research and analysts.”
Pascal Moura, Head of Emerging Markets Research at Deutsche Bank, said: “We have a team of 30 analysts in the EMEA space covering 300 companies, many of which have become leaders in their respective fields. Of the broader EMEA team, 5 lead analysts are based in Dubai covering over 70 companies in the region. We will continue to do our utmost to deliver superior access to company management teams, value-added research and distribution and, above all, valuable investment ideas to our clients”
The conference includes participating companies from a broad range of sectors including banking, telecommunication, real estate, infrastructure, consumer goods and industrials.
For further information, please contact:
Deutsche Bank AG
Press & Media Relations
Phone: +971 (0) 44283-860