StanChart to host macro-economic sessions
Dubai, April 25, 2013
Standard Chartered is set to host a Macro-Economic briefing session titled, "Transforming, Rebalancing, and Outperforming” for its corporate clients in Abu Dhabi on April 28.
The bank will be holding similar briefings for its clients in Bahrain and Qatar as well.
These sessions are held exclusively for Standard Chartered’s clients, with a cohesive programme that provides in-depth insight and analysis on the global, regional, and local economic outlook as well as the financial picture for the year ahead.
Standard Chartered recently conducted a session for its clients in Dubai where Marios Maratheftis, the head of Macro Research, and Samiran Chakraborty, the head of Research, India, Standard Chartered Bank discussed the implications of the transformation that the world is going through, to the business environment in the Mena and Pakistan region.
This transformation is partially driven by the deleveraging of the West and the increasing reliance of Asia on its regional drivers of growth, making the old models of growth obsolete.
As China and Asia are looking to rebalance their economies, there are risks, especially when it comes to politics and policy. But the world economy will continue to grow, and growth in 2013 will probably exceed 2012’s.
"The Mena region is changing rapidly. Countries which have financial and physical resources and are backed by governments willing and able to implement spending and investment plans are outperforming in 2013," remarked Maratheftis.
"The UAE and Saudi Arabia are clear leaders in this regard. Others in Mena still have to attract inward investments by reforming existing fiscal, subsidy and legal systems," he stated.
Sami Mahfouz, the head of Global Markets and co-head of Wholesale Banking Standard Chartered UAE, said, "In light of economic, political and fiscal uncertainties, it is vital for businesses today to make informed decisions based on information from trusted advisors that have strong global and local understanding of business and economic dynamics."
"Today’s Briefing session forms an ideal platform for our clients to closely interact with our economists and senior bank representatives to get specific insights into the latest developments affecting their business, and opportunities present in the regional and global markets and outlook on the global and regional economy,” he added.-TradeArabia News Service
