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This blog aims to explore and elicit comments on issues ranging from global economics to corporate governance.
Name Nasser Saidi
Current Position Chief Economist
Company Name Nasser Saidi & Associates
Sector Consultancy
Age 63
Academic Background Prior to his public career, Dr.
Saidi pursued a career as an academic, serving as a Professor of Economics at the Department of
Economics in the University of Chicago, the Institut Universitaire de Hautes Etudes Internationales
(Geneva, CH), and the Université de Genève. He also served as a lecturer at the American University
of Beirut and the Université St. Joseph in Beirut.
He holds a Ph.D. and an M.A. in Economics from the University of Rochester in the U.S.A, an M.Sc.
from University College, London University and a B.A. from the American University of Beirut.
Biography Dr. Nasser H. Saidi is the former Chief Economist of the Dubai International Financial Centre Authority
(DIFCA) and Executive Director of the Hawkamah-Institute for Corporate Governance at the Dubai
International Financial Centre (DIFC). He served as the Data Protection Commissioner of DIFC from
January to August 2007.

He was the Minister of Economy and Trade and Minister of Industry of Lebanon between 1998 and
2000). He was the First Vice-Governor of the Central Bank of Lebanon for two successive mandates,
1993-1998 and 1998-2003. He is Co-Chair of the Organisation of Economic Cooperation and
Development’s (OECD) MENA Corporate Governance Working Group and established the Lebanon
Corporate Governance Task Force. He was a Member of the UN Committee for Development Policy
(UNCDP) for two mandates over the period 2000-2006, a position to which he was appointed by
former UN Secretary General Kofi Annan, in his personal capacity.

He recently authored a book, “Corporate Governance in the MENA countries: Improving
Transparency & Disclosure”. He has also written a number of books and publications addressing
macroeconomic, capital market development and international economic issues in Lebanon and
the region. His research interests include macroeconomics, financial market development, payment
systems and international economic policy, and information and communication technology (ICT).
Dr. Saidi has served as an economic adviser and director to a number of central banks and financial
institutions in Arab countries, Europe and Central and Latin America.
Nasser Saidi
Chief Economist
About Me
Overview of Global Developments & Markets (8th August 2010)
Posted: 08-Aug-2010
 


Global stock markets are caught between upbeat company earnings reports and economic data that cast doubts on the recovery: modest weekly gains were the result of volatile trade typical of the thin trading volumes associated with summer months, exacerbated by the uncertain environment. The main drivers for market developments have been a) the European sovereign debt woes and the state of its banking sector, b) the threat of a double-dip recession in the US and c) worries over the extent of the slowdown in China. The stress tests of European banks have been less rigorous than warranted, but the markets have given the benefit of the doubt. However, economic  statistics cast doubt over the strength of the recovery and with austerity plans due for 2011 no acceleration of the pace of economic activity is likely for the next two or three quarters. We are entering Q3 2010 on a weak tone, with monetary policy tightening in China and car sales in Europe tumbling. The equity market in Qatar rose to a six-week high on earnings but regional trading activity is expected to slow during Ramadan.

 

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