Mind the Gulf

Dubai 2017 It’s not often that a keynote speaker produces an audible gasp in an ACT conference audience. To have two successive speakers do it is pretty much unheard of. But if you want to create a buzz and a stir for an event that’s the way to do it and that’s what we had this morning! Our 8th ACT Middle East Annual Summit got off to a real flyer! Dr. Sabah Hamad al-Sabah al-Binali, Investor & Entrepreneurial Leader and Mishal Kanoo, Chairman, The Kanoo Group had our delegates applauding, laughing and then seriously challenged on their world view as both speakers

ACT Middle East growing strong

Just under 500 finance and treasury professionals gathered at the Conrad Dubai Hotel on 24-25 October for the ACT Middle East Annual Summit – the largest event of its kind in the region. From technology to strategic treasury and leadership issues, what an insightful debate it was. Coupled with the fantastic support of all our sponsors, speakers and delegates, it was undoubtedly our best Middle East event to date. We had over 260 companies present from A to Z, including Almoayyed International Group, Aramex, Chalhoub Group, Du, elseco, Etihad Airways, Government of Sharjah, Gulf Energy, Landmark Group, Oman Trading International, R.A.K. Ceramics, Sephora, Webcor

Does Brexit matter to me?

It’s not just a UK issue – treasurers everywhere need to be prepared for the ripples reaching their shores… For those organisations beyond the UK, it may be tempting to assume that Brexit is ‘just’ a local issue for the British and that it will have no impact on their own activities. But even in these early days, before any actual negotiations have got underway, this may not be an accurate assessment. If your organisation has any interaction with the UK (however indirect), it would be worthwhile considering what Brexit may mean for you. For example, do you have customers

Going from strength to strength

A new year always brings new challenges but we hope, new opportunities as well. Not only is the Middle East set for accelerating growth, but more and more of its companies are starting to see the benefits of investing in a professional treasury team.

Although the number of treasury roles in the Middle East is not large at present, it is increasing all the time. Our magazine, the Middle East Treasurer already has a GCC circulation of more than 2,000 print copies with online access available to the entire ACT and ACTME network, http://www.treasurers.org/thetreasurer/middleeast

What can treasurers expect in 2013?

2013 promises to be a critical year in regulatory terms. The real question however is whether the regulatory environment will be seamless between what is expected (even demanded by the G20), what the regulators deliver and how any new rules will work in practice.

My hope is that politicians and regulators recognise the burdens on the real economy and business competitiveness. This is a global issue for corporates irrespective of where they are based.