Business leaders sign up for UAE 'crash conference'

CONFERENCE CHAIRMAN: Andrew Neil. (ITP Images)

The UAE’s top business leaders are to participate in a special one day event to debate whether the financial crisis is over.

The conference, entitled “Is the crash over” is to be held at The Address Hotel in Dubai on December 7.

Organised by Arabian Business, it will feature several top executives giving presentations on whether the financial crisis has ended, and what next year has in store for the region.

The event will be opened by His Highness Sheikh Maktoum Hasher Maktoum Al Maktoum, the CEO of Al Fajer Properties.

Others making keynote speeches are Aramex CEO Fadi Ghandour, Dubai Pearl chairman Abdul Majid Al Fahim, Holding Group founder Joseph Ghossoub, Air Arabia boss Adel Ali, ACI Real Estate managing director Robin Lohmann, and Arabtec chief financial officer Ziad Makhxoumi.

The conference is being chaired by Andrew Neil, the BBC television presenter and also chairman of ITP (publishers of Arabian Business).

Neil said: “This special one day event brings together some of the biggest player’s in regional business, who will each give their own unique take on what is happening in the financial world – and most importantly, whether 2010 will see the growth we are all searching for.”

For more information visit http://www.arabianbusiness.com/conference/

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READERS' COMMENTS

If only this country ...
Posted by Ivo Cerckel, Siquijor, Philippines on Wednesday 4 November 2009 at 04:08 UAE time


If only this country followed Saudi Arabia and marked its gold and oil reserves to market.

We thought the GCC would devise its currency and that oil would then be priced in it. We did however also know that oil would be the backing of the currency. This was the chicken and the egg.

Saudi Aramco announced last week that it will begin using the Argus Sour Crude Index as the benchmark price for all grades of crude oil sold to US customers. Aramco thereby decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange.

First the currency, or rather first the marking to market of the GCC oil and gold reserves, then the Monetary Union,

However, if Saudi Arabia prices oil in Honest Money, OPEC, and thus his country, will follow suit (before the Monetary Union.

Let’s return to the situation before the First World War where currencies were interchangeable without having to be exchanged.

Can you spell "Islamic gold Dinar"?

Talk yourself out of the crisis
Posted by Dubaian on Tuesday 3 November 2009 at 15:33 UAE time


Another attempt by developers & co to talk themselves out of the crunch. Understandably they do treat investors like idiots - because the past investors acted like idiots thinking everyone could make some quick bucks through flipping properties, but failed to do proper due diligence acting like a prudent investor... But if prices in Dubai are still as high as in some (relatively stable) capitals in Europe, and with an excess supply of some 30k - 50k units in 2010, why should Dubai be so attractive for investors? What real economy is there in Dubai (or the GCC generally) which could support a sustainable growth rate? The real question should be when does it become attractive again to live, work and invest in the UAE again.

Not really necessary
Posted by Paolo C, Verona, Italy on Tuesday 3 November 2009 at 00:24 UAE time


to make a conference about it. The crash is over if Gouvernment shows to fulfill its obbligations and introduces real trasparency; the crash is only at the beginning if they pursue this behaviour of treating investors like idiots. By the way the big players are those many thousand of individuals who believed in the country and in the city, the rest are only big talks.

us dollar
Posted by fahad on Tuesday 3 November 2009 at 00:16 UAE time


I AM REALLY HAPPY TO READ THIS COMMENT THAT SOME PEOPLE ARE THERE WHO ARE AWARE ABOUT THE EXACT PROBLEM
Ivo Cerckel, Siquijor, Philippines you are dam right.

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