Media ININ Economy We Trust
Abu Dhabi, March 3 / The annual Intensopia Conference 2023 hosted a working session entitled “Opportunities for Growth in today’s economy”, in which a group of experts and thought leaders from various sectors spoke about the latest trends and opportunities in the new economy that is witnessing rapid developments in the region.
Mark Antaki, head of the portfolio strategy in Mubadala, Alan Babias, Chairman of the Board of Banking services for companies and institutions at BNB Pariba, Stephen Monier, head of investment in Lombard Audier, Evan Sidal, CEO of Alberta Management Company Investment. Participants presented their views at a session entitled “Opportunities in today’s economy”, and focused on identifying growth opportunities and hope towards the current economic climate.
Stefan Monier, chief investment in Lombard Audier, said inflation is due to the facilitary monetary policies and turmoil that has suffered the supply chain, such as those resulting from the emergence of the “Kovid -19” pandemic, and the energy crisis in Europe. It is believed that the only tools available to combat inflation include monetary policy and automation. On his expectations for the “S & Pi 500” index, he stated that he would end the year 2023, with a decrease of 50 points from its current level.
During the session, Mark Antaki, head of the wallet strategy in Mubadala, stressed the importance of setting priorities and opportunities based on global trends. He started his talk about the company’s vision for a period ranging from the next 5 to 10 years, which revolves around emerging markets, new technologies, climate agendas, and population relationships. In his intervention, he explained that Mubadala focuses on investing in companies with cash flow and appropriate business models, so that it can accelerate the pace of growth. Antioch highlighted his company’s commitment and efforts to be a diverse and long -term investor, as well as its focus on new technologies, such as health technology and climate technology.
Alan Babias, Chairman of the Board of Banking Services for Companies and Institutions at BNB Pariba, highlighted the decisive role that central banks play in combating inflation. He pointed out that the most effective way that central banks can rely on in their endeavors to face inflation is to increase interest rates and reduce liquidity. He also noted that banking institutions are not bound by specific geographical or sectoral borders, especially as they give priority to the financing of safe sectors, such as the transformation of energy and the technology industry, which benefit from innovative technologies to enhance growth.
Evan Sidal, CEO of AIMCO, an investment management company whose headquarters in Edmonton, said his company is looking to diversify its wallet and explore new markets in Asia. He added that despite the status of the Canadian economy based on resource, with great growth capabilities, AIMCO was focusing domestically on the pumping of its investments. In order to reduce risks and generate growth opportunities, the company is now evaluating geographical diversification opportunities, especially focusing on new markets in Asia. The same company also explores the possibility of opening an office in Abu Dhabi, which will help it expand its global spread. This step is part of the company’s broadest strategy in order to expand its investments and benefit from new growth opportunities.
