EFG Hermes holds 13th annual conference for MENA investment in Dubai



Mon, 06 Mar 2017 - 07:58 GMT


Mon, 06 Mar 2017 - 07:58 GMT

Karim Awad CEO oF EFG Hermes - press photo

Karim Awad CEO oF EFG Hermes - press photo

CAIRO - 6 March 2017: Emerging and frontier market investors with more than $10 trillion in assets under management met Monday at EFG Hermes’ 13th annual One on One Conference, held in Dubai.

EFG Hermes has become of one of the leading financial services corporations in the Middle East and North Africa (MENA) after operating and growing in Egypt for over 30 years. It provides a wide spectrum of financial services that include investment banking, asset management, securities brokerage, research and private equity to the entire region.

More than 510 international fund managers and institutional investors from 260 institutions with aggregate assets under management worth more than $10 trillion are to attend the three-day event, taking place under the patronage of Deputy Ruler of Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, EFG Hermes said in a statement.

During the gathering, EFG Hermes will arrange face-to-face meetings with more than 147 companies listed on stock exchanges in the Middle East, Africa and Southeast Asia.

"The conference takes place on a changed global economic backdrop, as competition for global capital is tightening, developing economies have become a staple for investors looking to both diversify their portfolios and potentially benefit from faster growth," the statement read.

Meanwhile, the MSCI Emerging Market Index’s 11 percent jump in 2016 put the emerging market equities in the spotlight, according to EFG Hermes. It added that total assets under management allocated to frontier markets have more than doubled over the past six years.

"New opportunities in emerging and frontier markets alike are being created by ambitious policy makers who are increasingly going beyond conventional reforms into areas that were once taboo," said EFG Hermes Group CEO, Karim Awad.

He added that "Egypt has “embarked on an ambitious reform program that includes a full float of the national currency and an aggressive program to fundamentally restructure its economy and revitalize its capital markets."

Egypt's Minister of Investment and International Cooperation, Sahar Nasr along withand Emaar Properties' Chairman, Mohamed Al- Abbar, will be among the top speakers.

Nasr is expected to promote Egypt's economic reform program aimed at restoring macroeconomic stability and the efforts to improve the business environment and competitiveness.



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