Mar 23 2011 |
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Investors meet to discuss political turmoil fallout
Wednesday, Mar 23, 2011
Gulf News
Challenges facing the region on the agenda
Abu Dhabi: Senior financial professionals met in Abu Dhabi yesterday for the second annual CFA Institute Middle East Investment Conference to discuss emerging markets and the challenges the region faces in the light of the current political instabilities.
The two-day conference has been sponsored by Mubadala and the Abu Dhabi Investment Authority .
“That’s natural and happens all the time.”
“Yes, it’s a big shakeout obviously, but things will be a lot better in the next few years than what they were before,” he said. “When people want good governance and transparency, that’s a good recipe for a good economy in the future.”
On Sunday, the CFA released findings of a survey it had conducted on the Middle East and GCC region which showed much confidence in the UAE market.
Confidence in growth
More than 50 per cent of investment professionals holding CFA charter in the UAE expressed their confidence in growth for their business this year than counterparts elsewhere in the region.
Zouheir Tamim El Jarkass, CFA Emirates board member, said: “Abu Dhabi’s future looks very bright looking forward.
“Our situation here is very stable. We’ve always been known for stability. We’re really in good shape and it’s only going to get better.”
By Samia Badih, Staff Reporter
© Gulf News 2011. All rights reserved.
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