World Economic Forum on the Middle East 2009
Dead Sea, Jordan, 15-17 May 2009
Coupled with highly volatile energy markets and a decline in asset values, the global economic crisis has transformed the landscape in the Middle East. The coming years will bring unprecedented uncertainty and the Middle East’s aspirations for prosperity will be challenged as it attempts to restore its own growth. Under the theme, “Implications of the Global Economic Crisis for the Middle East: Home-grown Strategies for Success,” the World Economic Forum on the Middle East focused on restoring growth, the shifting geopolitical landscape, and innovation and technological proficiency as essential sources for future growth.
The event took place from 15-17 May at the Dead Sea, Jordan and it brought together a unique mix of business, science, and government leaders, including the King of Jordan, H.M. King Abdullah II Ibn Al Hussein. A delegation of Deloitte executives also participated in the summit and the delegation includes:
- Omar Fahoum, Chairman and Chief Executive Officer, Deloitte Middle East
- Joe El Fadl, Office Managing Partner, Deloitte Lebanon
- Asem Haddad, Partner, Audit and Tax, Deloitte Jordan
- Karim Nabulsi, Office Managing Partner, Deloitte Jordan
As a longstanding Strategic Partner with the World Economic Forum, Deloitte served as an official Summit Partner for the event where we contributed our perspectives on key issues.
Omar Fahoum participated as a discussion leader in two sessions on the official program. The first session, titled “Global Agenda Council Update: Financial Markets,” assessed and provide insights into how financial risks can be mitigated through collaborative action and whether an early warning system based on regulatory and supervisory mechanisms would help anticipate future financial market exuberance. Representatives from the International Monetary Fund (IMF), Barclays Capital, UBS, and the Arab Bank, among others, also served as discussion leaders during the session. The second session, titled “Women with a Business Impact,” examined why women occupy only 1.5 percent of boardroom seats in the Middle East region and identified ways to close gender gaps in an effort to increase competitiveness.
Deloitte’s participation in World Economic Forum Regional Summits will continue with the World Economic Forum on Africa taking place from 10-12 June in Cape Town, South Africa and the World Economic Forum on East Asia taking place from 18-19 June in Seoul, South Korea.
Official WEF site
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