Leading financial experts will get together here next week to examine and analyse the state of financial markets and industry in the aftermath of the Eurozone crisis and a series of mass movements that have rocked the Arab world.

The experts from major global financial institutions will also discuss the opportunities created in the region in the wake of the Arab Spring at the 51st ACI Financial Markets World Congress, to be held from March 22 to 24.

Professor Otmar Issing, President of the Centre for Financial Studies at Goethe University in Frankfurt and advisor to Goldman Sachs, will discuss the Eurozone crisis and its global implications.

Renowned for developing the ‘two pillar’ approach to monetary policy decision-making that the European Central Bank has adopted, Mr Issing will shed light on how European policies were set in the past and how these now must be adapted in order to survive the Eurozone crisis.

The Congress will also offer new insight into Sukuk trading, the Islamic equivalent of bond issues, which has seen a surge in sales in recent months as issuers turn to Islamic finance for capital, offering companies a way to raise money after tight global credit conditions last year limited issuance from the region.

The Congress, which takes place at the Dubai International Financial Centre (DIFC), is hosted by the UAE Financial Markets’ Association.

Now in its 51st edition, the ACI Financial Markets World Congress is hosted in major economic hubs around the world, most recently in Cape Town, Sydney and Budapest.

Mr Mohammed Al Hashemi, President of the UAE Financial Markets’ Association, said: “The event offers banking professionals from across the MENA region a chance to network, discuss and debate topical business challenges currently facing the finance market.”

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