Georges Massoud

My interview on @AlArabiya on the performance of UAE banks due to underlying strong macroeconomic conditions: 3.5% real growth and 7.8% current account surplus creating liquidity, rise in foreign assets, and strong core financial soundness indicators https://ara.tv/v6vv6

٩

Middle East governments have an opportunity to transform the region’s economy and lead the world’s push to renewable energy. But Yahya Anouti and Shihab Elborai argue it requires “moonshot” execution. Learn more by registering to receive their e-book, #ArabianGambit: The path to leadership in a shifting global energy landscape.

١٢

Middle East governments have an opportunity to transform the region’s economy and lead the world’s push to renewable energy. But Yahya Anouti and Shihab Elborai argue it requires “moonshot” execution. Learn more by registering to receive their e-book, #ArabianGambit: The path to leadership in a shifting global energy landscape.

٤

Diriyah Co. to Attract Global Investors with $500M+ Opportunities in Saudi Giga-Projects. Saudi Arabia’s ambitious transformation continues to capture the world’s attention, and Diriyah Co. is leading the charge with groundbreaking investment opportunities. Speaking at the World Investment Conference in Riyadh, Chief Investment Officer Jonathan Robinson shared exciting developments about ongoing global collaborations. “We’re having dozens of live conversations with investors across Asia, Europe, the Americas, and the Middle East. This is not just talk — we’re discussing ticket sizes starting from $500 million, with international investors eager to co-invest in one of the Kingdom’s most iconic giga-projects,” Robinson remarked. 🔹 What’s driving this global interest? Diriyah Co. is reshaping the investment landscape with partnerships spanning joint ventures, sole developer models, and co-developer frameworks. These partnerships not only attract new names to Saudi Arabia but also encourage existing players to elevate their involvement. 🔹 A Groundbreaking First for Saudi Giga-Projects This initiative marks a turning point for Saudi Arabia’s giga-projects. Bringing in foreign investors as co-developers and co-owners in development and operation signals a new era of global collaboration and trust in the Kingdom’s Vision 2030. 🔹 What’s next? Robinson hinted at major announcements in the coming months: “Expect groundbreaking partnerships across continents by early next year, including Asia, Europe, and the Americas,” he said. These developments will cement Diriyah’s role as a global model for giga-project investment. 🌍 Diriyah: A global destination As part of Saudi Arabia’s Vision 2030, Diriyah is not just about development — it’s about creating a vibrant destination for culture, tourism, and commerce that will inspire the world. 💡 Let’s connect to explore how Saudi Arabia’s giga-projects like Diriyah can unlock exciting opportunities for your business in the Kingdom! #Diriyah #SaudiVision2030 #Investment #GigaProjects #GlobalPartnerships #BusinessOpportunities #SaudiArabia

١

Unlock the gateway to Africa and the Arab world—invest in Egypt. Positioned strategically as a bridge between continents, Egypt offers unparalleled access to emerging markets, robust growth opportunities, and a thriving ecosystem that attracts global investors. Seize the potential of this dynamic region by investing in Egypt and gaining a foothold in two of the world's most promising markets. #InvestInEgypt #GatewayToAfrica #ArabWorldOpportunities #EmergingMarkets #StrategicInvestment #AfricaInvestment #MiddleEastInvestment #GlobalOpportunities #EconomicGrowth #EgyptEconomy #MarketAccess #ThrivingEcosystem #InvestmentOpportunities #InvestSmart #Egypt

٥

Looking forward to this topical discussion!

٢٠

١ تعليق واحد

Remarkable evolution for KSA reflecting the solid efforts on institutional reforms and private sector participation

١٤

FROM OPPORTUNITY TO VALUE - How GenAI can transform government productivity in the Middle East My latest publication in the May issue of Gulf Business on the real value of #GenAI in transforming government functions and services in the Middle East co-authored with Rami Riad Mourtada.   GenAI is redefining #smartgovernment and public service, offering the potential to unlock $1.75 trillion in global productivity gains by 2033. But is that all?   In our feature, we exhibit the 5 critical GenAI opportunities for the public sector, how that links to the next generation of proactive governance, and why the ME region is well-positioned to take the lead.   Read the full article here: https://lnkd.in/dhPFGuEe   #BCGintheMiddleEast #DigitalGovernment #GenAI

٥٧

١ تعليق واحد

We’re thrilled to be hosting an FII Investors Reception during #FII8 in Riyadh next week – an exclusive event that convenes global leaders and decision-makers. The Reception will provide a unique platform to learn about strategic investment opportunities in Saudi Arabia.   The event will offer unparalleled networking opportunities, where you can connect with executives shaping Saudi Arabia’s investment landscape and forge meaningful partnerships.   #FII8 #Investments #KSAOpportunities #CreateWhatsNext Kearney Kearney Middle East and Africa Wassim Al Khatib

١٠٩

٢ تعليق

At the 10th World Green Economy Summit, Akram Alami, Senior Partner and Middle East Head of Utilities, Aviation, and Sustainability, highlighted the critical role of green hydrogen in decarbonizing energy systems and industrial processes. Collaboration between industry, government, and academia will be key to overcoming challenges and positioning green hydrogen as a cornerstone in achieving carbon neutrality. Read more on WAM. #WGES2024 https://bit.ly/4eAzVl8

١٩

Our latest report examines the future of electric vehicles in the Middle East, projecting a $54 billion market by 2035. The report highlights the region’s potential for growth as sustainable solutions take center stage. Cudos to Karim Henain and @Jimmy Nicolas for a great piece of analysis! In my personal view, the shift to electric vehicles presents a major opportunity for both economic growth and #sustainability in the Middle East region. Capitalizing on these opportunities will require a balanced and smart strategy (not too fast, not too slow either, investing in the right assets, ...) - but for those who master it, there are ample opportunities in BEV in the Middle East Looking forward to hearing your comments! https://bit.ly/3UeHExh

٣٦

٢ تعليق

What does China Economy High Quality Growth Strategy base on: 1- Innovation and Technology: - Investment in R&D: Increasing investment in research and development to drive innovation. - Tech Advancement: Focusing on high-tech industries like AI, robotics, biotechnology, and 5G. - Made in China 2025: An initiative to upgrade manufacturing capabilities and move up the value chain. 2- Economic Rebalancing: - Domestic Consumption: Shifting from an export-led growth model to one driven by domestic consumption. - Service Sector Growth: Promoting the service sector, including finance, healthcare, and education. - Urbanization: Encouraging sustainable urbanization to support economic development. 3-Sustainable Development: - Green Economy: Investing in renewable energy and environmentally friendly technologies. - Carbon Neutrality: Committing to achieving carbon neutrality by 2060, with interim targets for reducing carbon emissions. - Pollution Control: Implementing strict regulations to reduce air, water, and soil pollution. 4-Inclusive Growth: - Reducing Inequality: Addressing income inequality and promoting balanced regional development. - Rural Revitalization: Investing in rural infrastructure, agriculture, and poverty alleviation programs. - Social Safety Nets: Expanding social safety nets and improving public services like healthcare and education. 5-Global Integration: - Belt and Road Initiative (BRI): Enhancing global trade and investment through infrastructure projects and economic partnerships. - Trade and Investment: Promoting free trade agreements and foreign direct investment to integrate more deeply into the global economy. 6-Financial Reforms: - Market Reforms: Continuing market-oriented reforms to increase efficiency and competitiveness. - Financial Stability: Strengthening financial regulation to prevent systemic risks and maintain stability. 7- Institutional Reforms: - Governance: Improving governance and regulatory frameworks to support a more transparent and efficient economy. - Legal and Business Environment: Enhancing the legal framework to protect intellectual property and support business innovation. source: ChatGPT

٢٠

٢ تعليق

Calling CEOs. As the Middle East region witnesses remarkable strides in its non-oil economy, we outline four priorities to adopt now to balance challenges with potential

١٣

Saudi Arabia is set to continue its economic transformation in 2024, with a balanced growth outlook driven by strategic initiatives and robust non-oil sector performance. This year, various key drivers will shape the Kingdom's business landscape. Economic Growth & Diversification The Saudi economy is expected to grow by 4.4% in 2024, rebounding from a subdued 2023 due to reduced oil output and global market conditions. This growth is supported by significant strides in the non-oil sectors, including transport, storage, communications, and tourism, reflecting the ongoing diversification efforts under Vision 2030​. Key Initiatives & Investments The Saudi government remains committed to strategic spending on infrastructure and mega projects. These initiatives aim to enhance the role of the private sector, drive regional and sectoral development, and support economic diversification​​. Non-Oil Sector Growth The non-oil economy, a central pillar of the Kingdom's diversification strategy, is forecasted to expand at a healthy rate. The non-oil private sector's growth is reinforced by private consumption and government policies that support social protection and maintain gasoline price ceilings. Venture Capital & Technological Advancements Saudi Arabia's venture capital ecosystem is thriving, with substantial investments in tech startups. In 2023, the Kingdom saw a significant increase in venture capital funding compared to the previous year. This trend is expected to continue in 2024. Mergers & Acquisitions The MENA region, particularly Saudi Arabia, witnessed a significant rise in mergers and acquisitions activity in 2023. This trend will likely persist, contributing to the economic transformation and appeal of global investment​. Fiscal Policy & Economic Stability Saudi Arabia's fiscal policy for 2024 emphasizes balancing economic growth with fiscal sustainability. The government aims to control spending while continuing to invest in initiatives that diversify the economy. The budget statement estimates a drop in total revenues due to lower oil prices, but actual government spending is projected to support economic and social objectives​​. Global Economic Context Globally, Saudi Arabia is set to be one of the fastest-growing economies in 2024, with a forecasted GDP growth of 4.6%. This positions the Kingdom among the top three fastest-growing countries, alongside India and Indonesia. Saudi Arabia's business outlook for 2024 is characterized by balanced growth, strategic investments, and continued diversification efforts. https://lnkd.in/dWcnqNwV #nationalinvestmentstrategyksa #saudivision2030 #economicdiversification #financialsustainability #capitalmarkets #investmentopportunities #competitiveinvestmentenvironment

٣٩

IPO activity in the Middle East continues to retain strong momentum, starting off Q1 2024 with 10 IPOs raising US$1.2 billion in proceeds. Find out more in our latest EY MENA #IPOEye Q1 2024 report or reach out to our IPO Leader in the region, Gregory Hughes https://lnkd.in/e6Bt4w89 #EYMENA #IPO #BetterWorkingWorld

١٣٢

Fantastic interview with Lubna Bouza on her show on Sky News Arabia, where everything is well-researched, with challenging questions, while still being really fun! Off-air, we are laughing all the time, to the point that the producers backstage almost throw chairs at us. You can watch Lubna's show on YouTube using the hashtag #بزنس_مع_لبنى. - There has not been a single instance where we had inflation close to 10% without a recession following. The timing of the recession is almost impossible to predict; however, we think it is coming. Additionally, Europe is in trouble economically, politically, and financially, which adds to the issue. Is this a big concern? No, it is not. Recessions are necessary for any economy. It is during recessions that frauds are uncovered (e.g., 2008 Madoff scandal), and weak or "zombie" companies are pushed out. Stronger companies become more resilient. Suppressing recessions is bad policy. Indeed, unemployment will rise, but it does not mean that everyone will lose their jobs. Lower-quartile employees are more likely to lose their jobs because companies will not let go of their best and most productive workers. So, although an economic recession or even a crisis hits hard, it should not cause worry or panic. - The carry trade is the mother of all evils because it is leveraged, and we have seen what leverage did back in 2008. Tech stocks have been financed by this carry trade, and the pain is not over as long as Japan's inflation remains upward, pushing the BoJ to act, strengthening the Yen, and destroying the hopes of the "carry traders." Normally, interest rate cuts produce positive results for U.S. stock markets, except that currently, the carry trade is in control. - The U.S. has to change course regarding its debt growing faster than its actual economic growth and support its economy with a massive fiscal deficit and civil servant hiring. The rest of the world is worried about the USD, hence the diversification away from it. Though some of this diversification is political, as seen in the case of the BRICS countries, which are buying massive amounts of gold to support their currencies. President Trump would not have threatened so publicly and vehemently if the threat to the USD was not present and real. Thank you, Hazem Shaikh, for having me again.

٢٨

٥ تعليق

Reiterating on Al Arabiya News Channel that #US tariffs on #China are disappointing and political. Given the opportunity, #China would build #US factories for the #US market. It is a setback for #climate policy. Access to cheaper #EVs, advanced #batteries, and #solarpanels will be restricted. The US #solar industry, which stands at 179 GW of total installation vs. 3000 GW in China, will continue to struggle. KraneShares #ETFs. https://ara.tv/5kg9d #Saudiarabia #uae

١٠

I had the privilege of joining a panel at the Safe Cognitive and Sovereign AI Event, Abu Dhabi; where we exchanged ideas on data-driven cognitive cities, and the critical cybersecurity and privacy considerations that underpin their evolution. Any form of data intensive tech advancement must be built on the basic foundation of security and trust, was the essence of the panel discussion. #CognitiveCities #DataDriven #CyberSecurity #PrivacyMatters #SovereignAI #Innovation #AI

١١٩

٢ تعليق