Posts Tagged “Karim Helal”

Emerging Markets: Linchpin for world’s recovery?

November 25, 2020

Karim Helal will be speaking at SuperReturn Africa 2010

In an interview for Daily News Egypt, Mr Karim Helal, Group CEO of CI Capital Holding, said that Egypt needs solid investors with a long-term view which is why CI Capital is looking to the East.   

“The whole world is talking about emerging markets and how they are the linchpin for the world’s recovery,” Karim Helal, group CEO of CI Capital Holding, the investment banking arm of Commercial International Bank, said. As to whether these burgeoning economies will fulfill that promise, Helal said, “Emerging markets will play a major role, but we need to manage expectations.”    

 ”I don’t think it is right for the OECD [Organization for Economic Cooperation and Development] to hang their hopes of survival on emerging markets; they need to fix their own house. They caused this disaster, and we are back to the old habits of poor banking practices,” he added.   

Asked whether the obsession with emerging markets will wane once advanced countries get their economic houses in order, Helal indicated that herein lies the problem: “We have seen that Western investors blow hot and cold.” Egypt needs solid investors with a long-term view, he affirmed. “This is part of the reason that CI Capital took the initiative of looking Eastward and reaching out to promote Egyptian opportunities to Asian investors,” he noted.   

Owing to their culture, their mindset is different: “They aren’t hit-and-run investors nor are they looking for ridiculous returns, but instead reasonable, sustainable ones,” he said. Working in Asia for many years allowed him to have a firm grasp of the culture.   

As investors, he described Asians as “information addicts, they want to understand everything about the market in which they are planning to invest, and once they do, the floodgates open.” (Continues here)   

… For his part, one of the key reasons to hold the SuperReturn Africa conference is to “deepen the level of knowledge and awareness” about the continent, which is all too often lumped under one label, much in the same way one cannot not equate France or England with Europe as a whole, for example.   

 Africa is a geographic entity with “different or opposing dynamics…and the challenges of doing business will vary from country to country.” Thus, the conference will help identify these issues for investors eyeing the continent.   

To read the article please click here.   

Karim Helal will address the SuperReturn Africa  Opportunities in Egypt Summit on Monday 29th November at 14:20 on ‘The New Silk Route. The rising importance of trade and capital links between Egypt and Asia.’ He will also moderate an expert panel debate on Tuesday 30th November at 12:30,  discussing, ‘Egypt and Beyond. Benefitting from the COMESA free trade agreement to expand Egypt-based platforms into the Nile Basin and East Africa.’

Post Under: Africa


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