January 31, 2012

Deutsche Bank holds fourth annual Middle East Equity Conference

Deutsche Bank today convened its fourth Middle East North Africa equity conference. The two day conference in Abu Dhabi brings together senior management from companies across MENA and institutional fund managers from across the world. The conference includes participating companies from a broad range of sectors including banking, telecommunication, real estate, infrastructure, consumer goods and industrials. Following the success of its previous conference Deutsche Bank will accommodate over 600 meetings between 125 clients and 39 companies over the next two days.

Ahmed Beydoun, Head of Equities for the Middle East and North Africa at Deutsche Bank, said: "We are extremely satisfied with the quality of participants that will attend the conference, and we are glad to be able to provide a successful forum through which investors can gain a better and deeper understanding of some of the leading regional companies through direct discussions with their senior managers. The conference provides an invaluable window for analysts onto regional blue chip 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: “This year´s conference is held in very challenging but promising times. After two years of underperformance in 2009 and 2010, the MENA region outperformed the rest of the Emerging Markets last year and was home to the best Emerging market, with Qatar up 4%. In 2012, we expect the oil price to remain remarkably resilient, with Brent averaging USD115/bbl. Against that background, we expect MENA region headline GDP growth of 3.1%. The non Oil & Gas momentum should remain robust, at 4.5% growth. In that context, we remain constructive on the equity markets in the region. Our bottom-up approach using consensus estimates leads us to expect 26% upside in 2012.”

The main topics for the MENA region in 2012 are likely to be the political situation in the lights of the Arab Spring, the questions of the MSCI Emerging Markets inclusion and the opening of the exchange in the Kingdom of Saudi Arabia, the Sovereign and Corporate debt situation in MENA as well as the foreign funds flow. The conference offers a broad spectrum of options to discuss those questions with leading business experts.

Deutsche Bank has currently a team of five lead analysts supported by five professionals covering around 76 companies in the MENA markets.

For further information, please call:

Deutsche Bank AG
Michael Lermer
Tel: +49 (0) 173 6503736  
E-Mail: michael.lermer@db.com 

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

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