At the first HSBC Middle East and north Africa (MENA) global banking and markets leadership forum, 62% of the region’s most senior business leaders stated that the impact of the ‘Arab Spring’ would be positive, when viewed over a three-year horizon, supporting HSBC’s view that the region will continue to play a key role on the global stage.
Despite this, only 28% of respondents were planning to invest in MENA, with the vast majority (45%) looking to invest in Asia. However, when questioned on asset class investment, only 11% where planning to put money into the stock market, against 19% who were looking at gold and 36% real estate.
The forum, held in October in Dubai, brought together over 200 of the MENA regions most successful business leaders in order to discuss the outlook for the MENA region. Following an address by Nouriel Roubini, the world famous economist, attendees interacted with focused panel discussions on project finance, risk management, family governance, capital financing and entrepreneurship.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.