Manama: How the “new oil order” across the world will directly impact GCC countries, leading to an anticipated rise of fiscal deficits in the region, will be the theme of the second GCC Financial Markets and Treasury Conference in Dubai, it has emerged.
Held under the patronage of Deputy Ruler of Dubai and UAE’s Finance Minister Shaikh Hamdan bin Rashid Al Maktoum, the conference will bring global economic experts together to discuss how lower oil prices and high government spending may see the development of debt capital markets in the region.
Speakers at the event, which will be held on January 21-22 at The H Hotel, Dubai, include: ACI International president Marshall Bailey, Navitas Resources co-founder and managing director Tom James, Jadwa Investment’s chief economist and head of research Fahad Al Turki and King Fahad University of Petroleum professor of economics Mohammed Alsahlawi.
The conference, moderated by radio presenter Richard Dean, is organised by the UAE Financial Markets Association, in association with strategic partner Dubai International Financial Centre.
UAE Financial Markets Association chairman Mohammed Al Hashemi said the new oil order is reshaping the way markets around the world balance supply and demand with the oil and gas industry.
“This conference will allow influential experts specialised in the GCC economic markets to share their point of view on how lower oil prices will impact the region.
“Delegates attending the conference will gain unrivalled access to our speakers and have the opportunity to engage in the panel sessions, receiving direct insight on the issues affecting the current financial climate in the region and around the world,” he added.
Topics to be addressed include the key global macroeconomic risks forecast for the next 12 months, the importance of regulation and the development of risk management in the GCC, and how debt capital markets in the region could provide an alternative source of financing for budgets.
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