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Mon 23 May 2011 12:18 PM

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In pics: all the action from the 4th Arabian Business Forum

The Middle East's top business leaders tackle the key economic questions of the day

In pics: all the action from the 4th Arabian Business Forum
HE Sultan Bin Saeed Al Mansoori, the UAE Minister of Economy delivering the keynote speech at the 4th Arabian Business Forum. The Gulf has good reason to be optimistic, he told delegates
In pics: all the action from the 4th Arabian Business Forum
BBC Television Presenter, and chairman of ITP Group, Andrew Neil keeps order as host of the event
In pics: all the action from the 4th Arabian Business Forum
Delegates listen as a panel of speakers discuss Dubai's embattled property market, and when prices will hit bottom
In pics: all the action from the 4th Arabian Business Forum
ITP chairman Andrew Neil welcomed the guests to “an event that is becoming part of the established scene in Dubai”
In pics: all the action from the 4th Arabian Business Forum
At the previous Arabian Business Forum event held in November there was huge interest in the section devoted to the property market – so this time the Forum dedicated the entire morning session to this topic
In pics: all the action from the 4th Arabian Business Forum
Kabir Mulchandani (centre), was exonerated by three Dubai courts over allegations of fraud relating to his old company Dynasty Zarooni, which at one time had $6.8bn worth of real estate projects. Mulchandani says that Dubai pre-crisis seems like “a lifetime away”
In pics: all the action from the 4th Arabian Business Forum
The forum’s morning session was being entirely devoted to the state of the UAE property market, and featured the first major speech by Kabir Mulchandani. Mulchandani was held in custody on fraud allegations but later acquitted of all charges. Despite his experiences, he is now re-investing in the local property market and will outline his future plans
In pics: all the action from the 4th Arabian Business Forum
Shahab Lutfi, CEO of H&H Developers (left), at the conference
In pics: all the action from the 4th Arabian Business Forum
HE Al Mansouri announced that the Ministry of the Economy has 19 new laws to enhance the UAE economy, including legislation for SMEs. He said that the decline in the real estate market caused the government to look round to see which sectors the UAE need to focus on
In pics: all the action from the 4th Arabian Business Forum
The forum brought together some of the region's foremost business thinkers and experts, with an audience of around 200 senior business leaders
In pics: all the action from the 4th Arabian Business Forum
This year's forum will cover the aviation, retail and banking sectors, to provide a picture of the state of the wider UAE economy, with a special emphasis on the real estate market
In pics: all the action from the 4th Arabian Business Forum
Arabian Business is holding its fourth Forum at the Armani Hotel in Dubai’s Burj Khalifa on Monday, May 23, 2011
In pics: all the action from the 4th Arabian Business Forum
The 4th Arabian Business Forum will address many of the key economic questions of the day, through a series of high level key note speeches, one-on-one interviews and interactive panel debates
In pics: all the action from the 4th Arabian Business Forum
The audience listens in rapt attention at the 4th Arabian Business Forum
In pics: all the action from the 4th Arabian Business Forum
In pics: all the action from the 4th Arabian Business Forum
Arabian Business is holding its fourth Forum at the Armani Hotel in Dubai’s Burj Khalifa on Monday, May 23, 2011.
In pics: all the action from the 4th Arabian Business Forum
The forum was chaired by the BBC Television presenter and ITP chairman Andrew Neil
In pics: all the action from the 4th Arabian Business Forum
Neil kicks off the event with a brief assessment of the threats to the global economy, and focuses on the sovereign debt crisis in Europe.
In pics: all the action from the 4th Arabian Business Forum
UAE Minister of Economy, HE Sultan Bin Saeed Al Mansouri said that the UAE’s policy of diversification has been vindicated. The government is targeting industries, trade and tourism as the sectors that it will focus on over the next five years
In pics: all the action from the 4th Arabian Business Forum
The forum brought together some of the region's foremost business thinkers and experts, with an audience of around 200 senior business leaders
In pics: all the action from the 4th Arabian Business Forum
This year's forum will cover the aviation, retail and banking sectors, to provide a picture of the state of the wider UAE economy, with a special emphasis on the real estate market
In pics: all the action from the 4th Arabian Business Forum
Al Mansouri cited the importance of the private sector in the development of the country, especially as it positions itself as the gateway to the MENASA region
In pics: all the action from the 4th Arabian Business Forum
The econom yminister said that UAE GDP this year will grow by 3-3.5 percent - a prediction that chimes with a recent forecast from Business Monitor International - with inflation at 1-1.5%
In pics: all the action from the 4th Arabian Business Forum
Shahab Lutfi, CEO, H&H Developers (far left) Khalid Al Malik, CEO of Dubai Properties (second from right) and Kabir Mulchandani (far right) with ITP Publishing Group, CEO Walid Akawi
In pics: all the action from the 4th Arabian Business Forum
ITP chairman Andrew Neil welcomed the guests to “an event that is becoming part of the established scene in Dubai”.
In pics: all the action from the 4th Arabian Business Forum
Mulchandani said residents are continuing to flood to Dubai from other emirates. “There is still demand for high-quality units here,” he says. “We haven’t had any quality residential supply since 2008”
In pics: all the action from the 4th Arabian Business Forum
Mulchandani was a part of the panel discussion on real estate, that also includes eminent speakers such as Khalid Al Malik, CEO of Dubai Properties, Shahab Lutfi, CEO, H&H Developers, Jonathon Davidson, founding partner of Dubai-based legal firm Davidson & Co and John Davis, the CEO of real estate consultancy Colliers
In pics: all the action from the 4th Arabian Business Forum
(From left to right) Shahab Lufti, CEO, H&H Developers, Khalid Al Malik, CEO, Dubai Properties Group, John Davis, CEO, Colliers, Jonathon Davidson founding partner, Davidson & Co
In pics: all the action from the 4th Arabian Business Forum
The forum brought together some of the region's foremost business thinkers and experts, with an audience of around 200 senior business leaders
In pics: all the action from the 4th Arabian Business Forum
Osman Sultan, the man behind the emergence of the UAE’s second telco, du talks at the 4th Arabian Business Forum. the telecoms sector in the UAE is worth AED31bn and the number-one contributor to the federal government through royalties, Sultan said
In pics: all the action from the 4th Arabian Business Forum
Sultan said that internet access has now become not just a human need, but a human right
In pics: all the action from the 4th Arabian Business Forum
Mohi-Din BinHendi, the president of BinHendi Enterprises speaks at the 4th Arabian Business Forum
In pics: all the action from the 4th Arabian Business Forum
Yogesh Mehta, MD of Petrochem is optimistic about Dubai and the region. He said that the gas-to-liquids technology will ensure that gas prices will be tempered
In pics: all the action from the 4th Arabian Business Forum
Walid Hayeck, head of asset management at The National Investor says that the reason for Qatar’s growth of 20 percent GDP is largely due to the increased LNG production plans – and that comparisons between Qatar and the UAE is therefore not entirely fair
In pics: all the action from the 4th Arabian Business Forum
Paul Reynolds, MD and head of capital at Rothschild, said that health, education and tourism are performing well, alongside trade, and to some extent, oil and petrochemicals activity
In pics: all the action from the 4th Arabian Business Forum
Mohi-Din BinHendi, the president of BinHendi Enterprises speaks at the 4th Arabian Business Forum
In pics: all the action from the 4th Arabian Business Forum
The panel discussion on the real estate sector was moderated by Andrew Neil
In pics: all the action from the 4th Arabian Business Forum
Irfan Ellam, vice president at Al Mal Capital says that real estate is still the drag on the economy, and will remain so for some time
In pics: all the action from the 4th Arabian Business Forum
Hussien Dabbas President & CEO, Royal Jordanian Airlines said that oil price has played havoc with the aviation sector, and the Jordanian carrier is dealing with heavy competition not only in the Gulf, but also from Europe as well
In pics: all the action from the 4th Arabian Business Forum
V Shankar, CEO for Middle East, Africa and the Americas at Standard Chartered said that the MENA region will increase 4-5 percent as a total fraction of world GDP to $17 trillion by 2030