Bank continues to support trade and capital flows from and into the UAE
United Arab Emirates - Standard Chartered will be one of the lead supporters of the upcoming Fourth Abu Dhabi Investment Forum. The event, which is organised by Institutional Investor, the renowned international financial publication, will be held on 16 October in London, United Kingdom. Jonathan Morris, Chief Executive, Standard Chartered UAE will be attending the Forum along with a senior delegation representing the Bank’s management in the UAE. Standard Chartered has been supporting the Forum since its inception, four years ago.
The Forum is widely recognized as the most high-profile Abu Dhabi event of its kind to take place in London. It is held in partnership with the Abu Dhabi Department of Economic Development (ADDED) and will be opened by H.E. Nasser Ahmed Alsowaidi, Chairman, Abu Dhabi Department of Economic Development. The Forum brings together international investors with Abu Dhabi’s industry leaders, financial intermediaries and high-profile government officials.
Commenting on the UAE economy and the importance of the Forum, Jonathan Morris, Chief Executive, Standard Chartered UAE, said:
“Through turbulent times, the UAE has maintained consistent economic growth and continues to present lucrative investment opportunities for international investors. The UAE is one of Standard Chartered’s most strategic markets globally and supporting this forum is part of our efforts to encourage trade and capital flows from and into the country.”
The latest quarterly Economic report produced by Standard Chartered reinforces the strong fundamentals, and healthy economic climate in the UAE. The bank expects economic conditions in the UAE to remain strong supported by Higher Oil prices approaching year end. Standard Chartered expects the country’s real GDP to record 3.4% and 3.7% growth in 2012 and 2013 respectively.
Bejan Roohi, Head of Origination and Client Coverage for Abu Dhabi at Standard Chartered Bank will be participating at the inaugural panel discussion titled:”A New Era in Global Markets. The panel will be discussing the position of Abu Dhabi in light of the fast shifting of economic power towards the emerging markets and commodity rich nations. Marios Maratheftis, Global Head of Macro Economic Research, Standard Chartered will be presenting about the economic potential and outlook for the Middle East Markets.
The Forum will also have several speeches and panel discussions with participation from senior representatives of the UAE Ministry of Economy, the Abu Dhabi Department of Economic Development, Khalifa Fund, Etihad Airways, Abu Dhabi Commercial Bank, National Bank of Abu Dhabi, Zones Corp, Oxford Business Group, Mubadala Aerospace, Abu Dhabi Council for Economic Development, Abu Dhabi Ports Company, Abu Dhabi Urban Planning Council, EMAL, and General Holding Corporation.
Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 per cent of its profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.
With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for nearly 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered’s heritage and values are expressed in its brand promise, ’Here for good’.
Information Source: WEBWIRE