Business leaders gather to debate the state of the economy
ABTV goes behind the scenes at the third Arabian Business Economic Forum. The forum, held on Monday, was hosted by the BBC television presenter, Andrew Neil, and attended by HH Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Emirates Group.
Mohammed Alabbar opened the conference with a key note speech focusing on the economic position the Middle East finds itself post economic crisis. The Emaar chairman highlighted the region’s strong demographics and healthy banking system before moving onto the lessons business leaders have learnt over the last three years. “I think we are learning the hard way,” he said. “It is in the spirit of the city to move on and take risk – that’s how we are.”
One of the UAE’s most prominent lawyers and former DFSA chairman, Habib Al Mulla, then took to the stage to discuss the importance of reforming the UAE’s legal framework. Al Mulla discussed the importance of restructuring old laws. He also speaks to ABTV about the legal reforms which must be made in order to make the UAE more attractive to foreign investment.
ABTV also spoke to Mohammed AlShaya, the executive chairman of retail conglomerate, M.H.Alshaya, Mohi-Din Binhendi, president of Binhendi Enterprises, and Johannes Holtzhausen, CEO, Spinneys Dubai.