DUBAI (Reuters) - Following are selected quotes from speakers at the Reuters Middle East Investment Summit, being held in Dubai, Riyadh, Manama, Doha and Cairo through October 28.
SURESH KUMAR, CEO, EMIRATES NBD CAPITAL
"The worst is still happening in some sectors and certain things are still not fully worked out. The financial crisis was in some aspects a signal of a chronic malady and you can't just pop a few pills to resolve it, some of it needs surgery."
"The surgery can be relatively painless which is where, when we speak about restructuring, if business owners are sensible they will be able to ride out of that issue, relatively unscathed."
DIRK BUCHTA, PARTNER AND MD MIDDLE EAST, AT KEARNEY
On M&A activity: "Marriage should not be entered into light heartedly but you should make sure it's the right partner you want to spend your life with."
MARKUS GIEBEL, CEO, DEYAAR
"If we look back at history, in Singapore it took two to two-and-a-half years to find a bottom, but then the recovery was V shaped ... Hong Kong was different ... Dubai is more similar to Singapore."
STUART PEARCE, CEO, QATAR FINANCIAL Center AUTHORITY
"We've learnt that financial institutions will always do something silly and that the herd effect is still there. One of the biggest lessons is don't assume that someone is looking after you. That's not always the case."
MICHAEL HUEBENER, CFO, EMIRATES CAPITAL
"I would love a world without rules, so I can define my own."
KHURAM MAQSOOD, MANAGING DIRECTOR, EMIRATES CAPITAL
On lending based on reputation or prestige: "It is not enough anymore to just be Dubai."
MUSTAFA ABDEL-WADOOD, MANAGING DIRECTOR, ABRAAJ CAPITAL
"This has been an extraordinary year. Things fell off a cliff overnight." Continued...
© Thomson Reuters 2009. All rights reserved.
| India Investment | Nov 23 - 25, 2009 | Country Summits |
| Global Finance | Nov 16 - 19, 2009 | Financial Services / Exchanges |
| Health | Nov 09 - 12, 2009 | Health |
| Autos | Nov 02 - 4, 2009 | Autos |
| Middle East Investment | Oct 26 - 28, 2009 | Country Summits |
