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Background
The unprecedented financial crisis of 2008-09 has had a devastating impact on global capital markets. The Middle East did not escape; when faced with a disaster of this proportion decoupling proved to be an illusion. Despite good long term growth fundamentals even relatively closed markets in the region were hit hard.
However the Gulf is still a capital exporter demonstrating that this region, more than any other, has the capital to weather the storm. Now, more than ever, the efficient transfer of capital from investors to business and government is needed. The first day of MEED’s Middle East Capital Markets 2009 explores how the need for corporate and governments to repair their balance sheet will be the key driver for the market in the Gulf and broader Middle East in 2009. The second day focuses on the changing face of the investor in the region and what needs to be done to encourage further investment.
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