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Emerging markets under the microscope

06A debate about the future of the rising economic influence of emerging markets, as well as the state of the eurozone and the US economy were on the agenda at the 2013 Global Financial Markets Forum (GFMF) as Cash&Trade was going to press.

“European fiscal crisis and the US debt continue to be lingering challenges; at the same time, many emerging economies continue to grow. This year’s GFMF will provide insightful analysis and discussions on the future of Eurozone and the role of the United States vis-a-vis the growing influence of many emerging economies,” said Mahmood Al Aradi, senior general manager of NBAD’s financial markets division.

“At the same time, post-Arab Spring offers many questions. Our expert speakers, who are policy-makers, academics, investors, central bankers and financial professionals, will tackle these critical questions.”

The Forum, organised by the National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, kicks off February 27 and concludes February 28 with an impressive list of prominent speakers and important Gulf decision-makers.

This year, NBAD invited David Milliband, former British Secretary of State for Foreign and Commonwealth Affairs, to speak about “Prospects for a European Union – a UK perspective.”

The Eurozone question was to be further deciphered by economist and author David McWilliams.

“The European Union is reaching a critical point, especially given the crisis in many countries and Britain is reconsidering her membership through referendum. The future of the EU will have a great impact around the globe and this important issue will be examined by our prestigious thinkers,” said Sameh Abdulla Al Qubaisi, general manager of the Institutional and Corporate Coverage Group at NBAD’s Financial Markets Division.

A keynote speech by James Baker III, the former US Secretary of Treasury and State and a global statesman, was also planned, as was a talk on the debt market by  economic consultant and political risk advisor Lawrence McDonald, entitled: “The bond bubble – how long will this irrational exuberance last?”

Last year’s GFMF attracted more than 700 delegates from across many countries, including such notable speakers as Paul Volcker, former chairman of the US Federal Reserve System and economic advisor to President Barak Obama; and Axel Weber, former president of Deutsche Bundesbank, the German Central Bank, from 2004 to 2011, and a member of European Central Bank Governing Council.

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