Arab Economic Forum
11 - 12 May 2006
Credit Suisse Group is a leading global financial services company headquartered in Zurich, Switzerland. As an integrated global bank, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Founded in 1856, Credit Suisse has a long tradition of meeting the complex financial needs of a wide range of clients. Credit Suisse Group is active in over 50 countries and employs approximately 63,000 people from over 100 different nationalities.
Credit Suisse has a long history in the Middle East and has been building its knowledge and understanding of the region for almost 30 years. It was the first foreign bank to establish operations in the area and today has offices in Dubai, Abu Dhabi, Beirut and Cairo. Moreover, it recently obtained licenses to open additional offices in Doha and Riyadh.
In Investment Banking, Credit Suisse offers securities products and financial advisory services to corporations, governments and institutional investors. Credit Suisse's investment banking business specializes in innovative solutions, drawing on expertise from across the full spectrum of products: debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, correspondent and prime brokerage services.
In Private Banking, Credit Suisse provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. The structured advisory process encompasses both asset and liability management. Furthermore, Credit Suisse is a leading provider of innovative alternative investment products. Wealth management solutions include tax planning; pension planning; life insurance solutions; wealth and inheritance advice, trusts and foundations. Credit Suisse offers multiple booking platforms and global execution capabilities.
Credit Suisse's asset management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients globally ranging from governments, institutions and corporations to private individuals. It offers investment products across the full spectrum of asset classes, ranging from equities, fixed income, commodities and multiple-asset class products. Credit Suisse offers the full range of alternative investments including real estate, hedge funds, private equity and volatility management.
In 1999, a new Board of Directors was formed under the Chairmanship of Mr.Abdulla Bahamdan. This marked a clear separation between ownership and management of the Bank.. Mr. Abdulla Bahamdan was reelected Chairman of the Board of Directors for the current term. On October 1, 2005, Mr. Abdul Kareem Abu Al Nasr was appointed as General Manager, and appointed the bank's first Chief Executive Officer (CEO) on January 1, 2006.
GroupMed is one of the largest banking and financial groups in Lebanon. The group presently includes a domestic network of four banks, namely BankMed, Allied Bank, the Saudi Lebanese Bank and Méditerranée Investment Bank, complemented internationally by BankMed (Suisse), a fully owned Swiss bank based in Geneva, a branch in Cyprus that provides a valuable entry into the European Union, and extensive relations with international banks and financial institutions.
BankMed, originally established in 1944, is the backbone of the Group and today ranks among the top five banks in Lebanon in terms of total assets, deposits, capitalization, and the size of its loan portfolio. Driven by a vision to be the premier full-service bank in Lebanon, BankMed's business strategy stresses a meaningful balance between corporate, retail and private banking services and products.
These services and products are delivered through a domestic network of 50 strategically located branches and 60 ATMs.
BankMed enjoys a long-standing position as the largest corporate lender on the Lebanese market, with a client base that includes some of the major corporate names in Lebanon. BankMed's corporate banking activities have earned it a singular reputation in structuring innovative and complex financing deals. Mediterranee Investment Bank, was established in 1996 have achieved a number of highly successful Euro-bond issues, the first issue of convertible bonds by a Lebanese issuer, private placements and other activities.
As part of its overall vision and strategy, BankMed has given increasing emphasis in recent years to the development of the retail and private banking business. A growing range of retail services and products are now provided to a broad client base and the aim is continue developing and diversifying these services and products in light of the evolving requirements of the Lebanese market, and on the basis of the latest banking techniques and practices. As for private banking services, which include portfolio management and financial advisory services, these are supported by GroupMed's reach into world financial markets through BankMed (Suisse) in Geneva, the leading international center for private banking.
In an increasingly competitive banking environment, BankMed has committed itself to strengthening its position as one of Lebanon's leading banks and growing its market share and profitability. The means to achieving these objectives are recognized to include the continuous expansion of its services and innovative products, the strengthening of its international presence and relations, the application of the latest banking technology, emphasis on manpower training and development, and a constant attention to the needs and requirement of customers. On a broader level, GroupMed plans to consolidate its banking business into one whole and more efficient entity and intends to increase its capital base through a public share offering, and a listing of its shares on the Beirut stock exchange.
MTC is the pioneer of mobile telecommunications in the Middle East and now a major player on the African continent.
We began life in 1983 in Kuwait as the region's first mobile operator, and since the initiation of our "3x3x3" expansion strategy in 2002, we have grown rapidly.
Today, we are a leading mobile and data services operator in six Middle Eastern and 13 sub-Saharan African countries with over 7,000 employees providing a comprehensive range of mobile voice and data services to over 15 million individual and business customers.
We operate in Kuwait and Bahrain as mtc-vodafone, in Jordan as Fastlink, in Iraq as mtc atheer, in Lebanon as mtc touch, in Sudan as Mobitel and in 13 sub-Saharan countries in Africa as Celtel: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Madagascar, Malawi, Niger, Sierra Leone, Tanzania, Uganda and Zambia.
Listed on the Kuwait Stock Exchange, MTC's market capitalization exceeded US$12 billion as at March 31, 2006.
MTC considers itself defined by a commitment to excellence in providing world-class mobile / data services and an ethos of corporate social responsibility in supporting communities, offering employment and creating business opportunities wherever it operates.
Founded in 1996, by the Emiri Decree No.5 of His Highness Sheikh Dr. Sultan Bin Mohammed Al Qassimi (Member of the Supreme Council, Ruler of Sharjah). Sharjah Commerce & Tourism Development Authority (SCTDA) was established as a public authority, with a corporate body and independent budget, finance and administration system.
In realizing its objective, SCTDA worked hard to implement its strategy on three different levels:
To increase the public awareness of the Emirate, the authority organizes various activities and events, including cultural, sport and business events. The authority participated as well in many activities held by other bodies and organizations in Sharjah such as "Ramadan Festival" and other art events. In addition, SCTDA is keen also to be present most exhibitions held by the Expo Exhibition Centre. Through the permanent stand in the Expo Centre, the Authority tries to give Sharjah the maximum level of exposure and publicity especially through regional and international exhibitors and visitors.
Further to the local efforts, SCTDA also participates in many activities, exhibitions and conferences that help in the promotion of the Emirate regionally. With special focus on the AGCC countries, the Authority tries to promote Sharjah as a unique family tourist destination and healthy environment for investment.
Increasing the awareness of Sharjah as an international tourist destination is at the top of SCTDA agenda. The authority tries to introduce the Emirate of Sharjah through participating
in international events and activities. This indeed gives remarkable international exposure to the Emirate in international markets.
Energy City Qatar (ECQ) is a pioneering development that will be the Gulf's first hydrocarbon industry hub. ECQ will be a single point of access to markets and expertise, the Middle East home for global players in the hydrocarbon value chain.
Developed by Gulf Energy, ECQ aims to attract the industry leaders in O&G production, IOCs, NOCs, support services, infrastructure and downstream activities, shipping and trading, market and resource data, intellectual property and energy trading.
ECQ has the full support of Qatar's Government and aims to lead the way in hydrocarbon above ground resource development.
ECQ forms part of the major new city development, Lusail, which is being developed by Qatari Diar Real Estate Investment Company. In addition to major business and entertainment districts, this development will be home to up to 200,000 residents. Qatar is the most progressive, business friendly and the fastest growing economy in the Middle East. Home to the world's third largest natural gas reserve, Qatar has a stable and maturing political environment, a free press and best in class internationally recognised regulatory environment.
ECQ's lead financial advisor is Gulf Finance House and PFC Energy is its strategic advisor. Its strategic partners are Abu Dhabi Investment House and Kuwait Investment Co.