Majlis and Markets Hassan Jivraj

Since the 2011 revolution ousted long-time leader Muammar al Gaddafi, Libya has been in turmoil, with rival factions fighting for control amidst vast oil reserves. However, conflicts intensified notably after 2014, worsening the nation's instability.

Last year, the IMF highlighted Libya's economic paradox: despite high GDP per capita, challenges persist due to heavy reliance on hydrocarbons. Additionally, devastating floods in September 2023 underscored climate risks.

In our 18th episode, we spoke to Naaman Elbouri, a seasoned Libyan investment banker.  His background includes more than 20 years of international investment banking experience including 10-years at UBS.

Naaman holds positions at various financial institutions in Libya including Chairman of Assaray Trade And Investment Bank as well as Founding member of Tadawul Financial Services, Libya's first asset management company.

In this episode we covered several topics including:
Deep dive into Libya's political and economic landscape since 2011An insight into the banking sectorWhat sectors Libya could offer in the futureIntro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

Over the last two decades, sovereign wealth funds (SWFs), particularly those from the Gulf, have emerged as significant economic players.

With Gulf SWFs holding nearly $4 trillion in assets, they wield considerable influence on both local and global economies, investing across sectors like finance, infrastructure, and even sports teams! But what hurdles do they encounter?

In our 17th episode, we're joined by Diego Lopez, Founder and Managing Director of Global SWF, an advisory firm specialising in SWFs and Public Pension Funds.
With over 18 years of experience advising sovereign wealth funds worldwide, Diego shares his insights.

In this episode, we spoke about several topics including:
Defining what an SWF isWhy they are important economic actorsThe current landscape of Gulf SWFs (strategies and challenges)Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

In recent decades, the global venture capital industry has experienced a significant surge, propelling ground-breaking start-ups like Uber and Airbnb into mainstream recognition.
Despite the promising emergence of venture capital hubs in OIC countries like Dubai, Pakistan, and Malaysia, challenges persist, including regulatory hurdles and restricted access to funding.

In our 16th episode, we're joined by Hussein Kanji, Partner at Hoxton Ventures, a leading VC firm in London. 

In this episode we cover several topics, including:
Hussein's previous investmentsWhat he looks for in companies before investingHis thoughts on Islamic orientated start-upsThe challenges facing tech ecosystems in the OICIntro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

The shift from the US dollar to non-dollar currencies in trade, known as de-dollarization, impacts capital markets, global trade, and geopolitics.
Moreover, the influence of BRICS, a coalition of major emerging economies, is reshaping the global economic landscape.

With more nations exploring alternative currencies and key Islamic countries like Saudi Arabia, the UAE, Iran, and Egypt joining BRICS in 2023, the Islamic world's global role gains significance.

In our 15th episode, we spoke to Rachel Ziemba. Rachel is an expert in geo-economics and country risk, specializing in global economic statecraft policies, particularly within the energy sector. 

She is Senior Advisor, Sanctions at Horizon Engage,  Adjunct Senior Fellow at the Center for New American Security (CNAS) and Founder of Ziemba Insights, a strategic advisory firm.  

She is also an Adjunct Lecturer at New York University’s Center for Global Affairs, set to teach economic statecraft in the Fall of 2024.

In this episode, we talked about several topics including:
The drivers behind de-dollarization, Alternative assets like gold and cryptocurrencyThe rise of BRICS and the potential for a common currency.Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

The Arab monarchies of the Arabian Peninsula have become key players globally in politics, economics, and security, largely due to their extensive oil and gas reserves. 

With their substantial wealth, these Gulf states exert significant influence in energy markets and global investments.  Furthermore, the hosting of major events like the 2022 World Cup in Qatar and COP 28 in Dubai has garnered worldwide attention.
In our 14th episode, we spoke to Kristian Coates Ulrichsen, an expert in Gulf affairs.

Kristian, a Fellow for the Middle East at Rice University's Baker Institute for Public Policy, focuses on the history, political economy, and international relations of the Gulf States. With a wealth of expertise, including eight books, including his recent book "Centers of Power in the Arab Gulf States."  He is currently working on a book about football in Saudi Arabia.

In this episode, we spoke about topics including:
The historical rise of Gulf statesThe changing political economies in the regionThe broader economic challenges facing each of the Gulf monarchiesIntro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

Since 2011, Egypt has faced political and economic challenges, worsened by a surge in foreign debt and unfavourable policies. COVID-19 in 2020 and the Russia-Ukraine conflict in 2022 hit hard, especially as Egypt is the world's largest wheat importer.
Today, Egypt is dealing with soaring inflation, a weakened currency, and heightened climate and geopolitical risks. Yet, recent aid, like an IMF bailout and a major investment by the UAE in February 2024, brings hope.

In our 13th episode, we spoke  to Angus Blair, an expert in MENA markets renowned for his work in investment banking and asset management. 

Recognised as an "Emerging Markets Superstar" by Global Finance magazine, Angus's insights are sought after by the likes of Bloomberg and the BBC.

In this episode, we spoke about several topics including:
An overview of Egypt's since 2011The country's mounting debt burdenChallenges facing the business environmentEmerging climate risksIntro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay