Countdown to Launch

Days
Hours
Min
Sec
<b>MASIC Annual Investment Forum 2023 has ended on Sunday, 5th Feb. </b><br> <a href="https://www.youtube.com/watch?v=GMLDMGMFua0&list=PLFdr1C0IG7CCmwHldaDBRy7vcPK2Cy7CU">click here </a>to watch speeches on our YouTube channel. <br> Stay tuned. . . . . for the announcement of MASIC Annual Investment Forum in 2024.

Global Currency Landscape: Realities and Insights

Since the end of World War II, the U.S. dollar has maintained its position as the world’s reserve currency and the most widely used currency for international trade and finance. However, recent years have witnessed escalating tensions between the U.S. and China, ongoing geopolitical conflicts, and concerns around the U.S. debt, which have raised concerns about the relationship’s stability and its implications for the global financial system.

Speakers


His Excellency Faisal F. Alibrahim

Minister of Economy and Planning, Saudi Arabia


Dr. Lawrence H. Summers

Former Treasury Secretary, Clinton Administration


Prof. Michael Pettis

Finance Professor, Guanghua School of Peking University


Dr. Nouriel Roubini

CEO, Roubini Macro Associates Chief Economist, Atlas Capital Team LP


Nadine Hani

Anchor, Al Arabiya News Channel

Forum Program

Time

Program

08:00 AM

Registration and Welcome

Attendees are greeted and assisted with registration.

09:00 AM

Opening of the Forum

Recitation of Verses from the Holy Quran.

Opening Address by Nasser M. Alsubeaei, Vice Chairman of MASIC.

09:10 AM

Overview of the Program

Presented by Nadine Hani.

09:20 AM


Keynote Address

Delivered by His Excellency Faisal F. Alibrahim, Minister of Economy and Planning.

09:40 AM

Presentation and Q&A Session

Speaker: Dr. Lawrence Summers.

10:40 AM

Presentation and Q&A Session

Speaker: Dr. Nouriel Roubini.

11:20 AM

Presentation and Q&A Session

Speaker: Prof. Michael Pettis.

12:00 PM

Panel Discussion

An interactive session with Dr. Nouriel Roubini and Professor Michael Pettis.

12:45 PM

Closing Remarks

Delivered by Eng. Hani Halawani, CEO of MASIC.

12:50 PM

Prayer Time and Lunch

02:00 PM

Formal Closure of the Forum

Event Guidelines

Venue

Prince Sultan Grand Hall, Al Faisaliah Hotel, Riyadh, KSA

The MASIC Annual Investment Forum 2024 will take place at the elegant Prince Sultan Grand Hall in Al Faisaliah Hotel, Riyadh, offering a sophisticated setting equipped with modern amenities for a productive and memorable event.

All Rights Reserved for MASIC | Privacy Policy

We are delighted that you like to join us! Kindly send us your registration request, we will review and update you shortly.

Global Currency Landscape: Realities and Insights

MASIC Annual Investment Forum 2024

Since the end of World War II, the U.S. dollar has maintained its position as the world’s reserve currency and the most widely used currency for international trade and finance. However, recent years have witnessed escalating tensions between the U.S. and China, ongoing geopolitical conflicts, and concerns around the U.S. debt, which have raised concerns about the relationship’s stability and its implications for the global financial system.

The 2024 MASIC Annual Investment Forum, themed “Global Currency Landscape: Realities and Insights.” will delve into the U.S. dollar’s current position and potential future within the international financial system. The forum convenes experts and thought leaders to offer diverse perspectives on the evolving global monetary landscape.

The U.S. dollar’s status as the primary reserve currency has given the United States significant economic, financial, and diplomatic influence. However, some experts suggest that the currency’s dominant role may be challenged in the future, with the U.S. dollar’s share of official FX reserves falling to a 20-year low of 58% in Q4 of 2022, according to the International Monetary Fund.

Several factors drive this shift. First, the increasing economic strength of emerging markets, such as China and India, challenges Western economies’ traditional dominance. These global growth markets seek to diversify their reserve holdings away from the dollar, potentially reshaping the international economic order. Second, disruptive innovation and technological advancements are creating new alternatives, such as cryptocurrencies and digital currencies, which raise further questions about the future of traditional fiat currencies like the dollar. Third, several emerging markets-based commodity producers have agreed to use alternative non-USD currencies for trade. Many commodities, such as oil, have been priced and traded in dollars as the global financial landscape evolves, and initiatives exploring alternative pricing and trading tools are taking shape.

The implications of these global currency shifts are far-reaching. A decline in the dollar’s dominance could lead to increased currency volatility, shifting trade patterns, and potential geopolitical realignments. These changes may have significant consequences for global businesses, investors, and governments, making understanding and navigating this evolving landscape crucial.

Alternatively, some experts believe that the U.S. dollar will likely remain the world’s reserve currency for the foreseeable future. These experts point to several factors that support the dollar’s enduring dominance.

First, the U.S. economy is the largest in the world by nominal GDP, accounting for approximately 25% of global economic output. The size and diversity of the U.S. economy make the dollar a safe and attractive currency for central banks to hold as reserves. In a financial crisis, central banks can be confident that the U.S. economy will be resilient and that the dollar will maintain its value.

Second, the U.S. financial system is one of the most stable and sophisticated in the world. This is due in part to the robust regulatory framework and the presence of deep and liquid markets. Central banks can be confident that their dollar reserves will be safe and accessible.

Third, the U.S. Treasury bond market is the world’s largest and most liquid bond market. This means that central banks can easily buy and sell U.S. Treasury bonds, which are a highly liquid and risk-free asset.

In addition to these factors, the U.S. dollar also benefits from its network effects. Central banks are strongly incentivized to continue holding dollar reserves because the dollar is widely used in international trade and finance. This self-reinforcing cycle makes it difficult for any other currency to challenge the dollar’s reserve currency status.

The MASIC Annual Investment Forum 2024 provides a platform for thought-provoking discussions, challenging conventional wisdom, and fostering engagement on the future of the global currency landscape. Join us again to gain valuable insights from leading experts, contribute to the debate, and explore the trajectory of international finance as we examine the broader global currency landscape.

His Excellency Faisal F. Alibrahim

Minister of Economy and Planning, Saudi Arabia

Faisal F. Alibrahim is the Minister of Economy and Planning of the Kingdom of Saudi Arabia. Alibrahim is also the Supervisor of the Secretariat of the Council of Economic and Development Affairs (CEDA) and a member of the council. His Excellency also chairs the Board of Directors of the General Authority for Statistics.

Alibrahim is a member of several governmental committees such as the Finance Committee, the Strategic Management Committee, the CEDA Standing Committee, the Supreme National Investment Council, the Supreme National Council for Industry, the Supreme Transportation and Logistics Committee, the Large Companies Investment Committee, the National Incentives Committee, the Privatization Program Committee, the Financial Sector Development Program Committee, and the National Transformation Program Committee. HE also serves on several boards including the Public Investment Fund, National Development Fund, the Royal Commission for Riyadh City, the General Organization for Social Insurance, the Local Content and Government Procurement Authority, the National Center for Performance Management, and the Cultural Development Fund. His Excellency served as secretary/second secretary of the Aramco IPO Committees. He was also chairman of the Executive Committee and member of the Supervisory Committee for the Kingdom’s participation in EXPO 2020 Dubai which has received multiple awards and recognitions.

Previously, Alibrahim served as Vice Minister of Economy and Planning and prior to that held key positions at Saudi Aramco including head of mergers and acquisitions, project manager of King Salman International Complex for Maritime Services and Industries, project manager for the Vela-Bahri merger, the largest transaction in Saudi at that time, and Vice President of Aramco Development Company.

Alibrahim holds a master’s degree in business administration from the Massachusetts Institute of Technology, a bachelor’s degree in economics, a bachelor’s degree in accounting, and a Minor in Management Information Systems from the Pennsylvania State University. HE is a World Economic Forum Young Global Leader and member of the UCLA Health International Advisory Board.

Dr. Lawrence H. Summers

Former Treasury Secretary, Clinton Administration

Former Treasury Secretary Lawrence H. Summers is one of America’s leading economists. In addition to serving as 71st Secretary of the Treasury in the Clinton Administration, Dr. Summers served as Director of the White House National Economic Council in the Obama Administration, as President of Harvard University, and as the Chief Economist of the World Bank.

Dr. Summers’ tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half century to have left office with the national budget in surplus. Dr. Summers has played a key role in addressing the major financial crisis for the last three decades.

During the 1990s, he was a leader in crafting the U.S. response to international financial crises arising in Mexico, Brazil, Russia, Japan, and Asian emerging markets. As one of President Obama’s chief economic advisors, Dr. Summers’ thinking helped shape the U.S. response to the 2008 financial crisis, to the failure of the automobile industry, and to the pressures on the European monetary system. Upon Summers’ departure from the White House, President Obama said, “I will always be grateful that at a time of great peril for our country, a man of Larry’s brilliance, experience and judgment was willing to answer the call and lead our economic team.” The Economist recognized his influence when it defined the “Summers Doctrine,” an approach to economic policy during financial crises that fuses a microeconomic “laissez faire” mentality with macroeconomic activism. “Markets should allocate capital, labour and ideas without interference, but sometimes markets go haywire, and must be counteracted forcefully by government.”

Summers’ five years as President of Harvard represented a time of major innovation for the University. He focused on equality of opportunity and removing all financial obligation from students with family incomes below $60,000 a year. He launched a major effort to make Boston, and Cambridge in particular, the global leader in life sciences research, with the formation of major programs for stem cell research and genomics. Perhaps most importantly, he led efforts to renew Harvard College with dramatic increases in study abroad programs, faculty-student contact, and collaboration across the University during his tenure.

Currently, Dr. Summers is the President Emeritus and the Charles W. Eliot University Professor at Harvard University, where he became a full professor at age 28, one of the youngest in Harvard’s recent history. He directs the University’s Mossavar-Rahmani Center for Business and Government. Summers was the first social scientist to receive the National Science Foundation’s Alan Waterman Award for scientific achievement and, in 1993, he was awarded the John Bates Clark Medal, given to the most outstanding economist under 40 in the United States. He was elected to the National Academy of Sciences in 2002. He has published more than 150 papers in scholarly journals.

Summers chairs the board of the Center for Global Development and serves as vice chair of the Peterson Institute for International Economics and as a board member or advisory board member to a number of other non-profits and public policy organizations. He is a contributor to Bloomberg’s Wall Street Week and a contributing columnist to The Washington Post. He is an advisor to businesses and investors and serves on the board of Square, States Title/Doma and SkillSoft Corporation. He also consults with or advises a range of companies in the finance and technology sector, including D. E. Shaw & Co and Citi.

He has co-chaired major international panels ranging from the G20s High Level Independent Panel on Pandemic Preparedness and Response to the Council on Foreign Relations study group on the Transatlantic Relationship to the Center for American Progress’ Commission on Inclusive Prosperity. He launched a Task Force on Fiscal Policy with Mayor Bloomberg and chaired the Commission on Global Health, lauded by the UN Secretary General who noted that it “will bring more than health – it will bring equity, and contribute to a life of dignity for all.”

President Bill Clinton said that Larry Summers “has the rare ability to see the world that is taking shape and the skill to help to bring it into being.” He has been recognized as one of the world’s most influential thinkers by Time, Foreign Policy, Prospect and The Economist magazines among many others. In his speeches, television appearances, newspaper columns and public commentary, he continues to move forward the debate on national and global economic policy.

Prof. Michael Pettis

Finance Professor, Guanghua School of Peking University Senior Fellow, Carnegie-Tsinghua Center

Michael Pettis is a finance professor at the Guanghua School of Peking University and Senior Fellow at the Carnegie-Tsinghua Center. Before moving to China in 2002 Pettis spent fifteen years on Wall Street running fixed-income trading and capital markets desks at JP Morgan, First Boston and Bear Stearns, where he advised Latin American, Asian and Eastern European governments on debt and balance sheet strategies. During the last nine of these years he also taught finance, arbitrage, and economic history at Columbia University. His blog, China Financial Markets, was ranked by the Wall Street Journal as one of the top fifteen economic blogs worldwide, and is one of the reasons cited by Bloomberg-BusinessWeek for including him in its 2016 listing of The 50 Most Influential People In The World Of Finance.

 

He has published over 200 articles in various leading periodicals along with six books, the most recent of which, Trade War is Class War (Yale University Press 2020), was among 15 books longlisted by McKinsey/Financial Times for best book of 2020. In April 2021 it was also awarded the Lionel Gelber Prize. His previous book, Avoiding the Fall: China’s Economic Restructuring, (Carnegie Endowment, 2013), was selected by the Financial Times as one of the top ten books on business and economics in 2013, while the one before that, The Great Rebalancing (Princeton University Press, 2013), was selected in 2018 among Barron’s “The 7 Best Books about the Financial Crisis”. He received an MBA in Finance and an MIA in Development Economics from Columbia University.

Dr. Nouriel Roubini

CEO, Roubini Macro Associates Chief Economist, Atlas Capital Team LP

Nouriel Roubini is CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York. He is also Chief Economist for Atlas Capital Team LP, as well as Co-Founder of Rosa & Roubini Associates. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis lasting well into the next decade. Dr. Roubini has extensive policy experience as well as broad academic credentials. He is Professor Emeritus (2021-present), Professor of Economics (1995-2021), Stern School of Business, New York University. He was Co- Founder and Chairman of Roubini Global Economics from 2005 to 2016 – a firm whose website was named one of the best economics web resources by BusinessWeek, Forbes, the Wall Street Journal and the Economist. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise. He has published numerous theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books “Political Cycles: Theory and Evidence” (MIT Press, 1997) and “Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets” (Institute for International Economics, 2004) and “Crisis Economics: A Crash Course in the Future of Finance” (Penguin Press, 2010). His most recent book published in October 2022 “Megathreats: Ten Dangerous Trends That Imperil Our Future and How to Survive Them” (Little Brown). Dr. Roubini’s views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in the New York Times Magazine, The Financial Times, among other leading current-affairs publications. He is published monthly as a columnist with Project Syndicate. He also hosted www.NourielToday.com where is perspectives can be found and co-runs the site www.theboombust.com, an economic indicator research service. Dr. Roubini received an undergraduate degree at Bocconi University in Milan, Italy, and a doctorate in economics at Harvard University. Prior to joining Stern, he was on the faculty of Yale University’s department of economics.

Nadine Hani

Anchor, Al Arabiya News Channel

Nadine Hani is an anchor for Al Arabiya News Channel based in Dubai, where she presents and co-produces the financial news programs “Al Aswaq Al Arabiya”, the highest rated business news shows on Arab television.

During the course of her work in Al Arabiya, she has interviewed some of the most  influential decision makers in the Arab business world, and internationally.

Nadine Hani’s experience however goes beyond the newsroom to the field, where she has reported live from the NYSE (New York Stock Exchange), and has done investigative reports from major Arab cities especially Riyadh, KSA.

She has also covered and reported from major international events and conferences, including the IMF and World Bank annual meetings, and the World Economic Forum Annual Meetings in Davos since 2008. Nadine is often asked to moderate high profile conferences such as the panels at the World Economic Forum and Saudi Public Investment Fund events such as the Future Investment Initiative.

She wrote a weekly column for Lebanese newspaper Annahar.

Nadine Hani joined Al Arabiya in 2005 from CNBC Arabiya in Dubai, where she worked as a business news anchor, as well as hosting a personal finance show.

Previously she worked as a Private banking consultant for 2 international banks in Lebanon, ABN AMRO Bank and BNP Paribas, advising high net worth individuals. She started her career in media presenting a daily summary of business news in Lebanon, while working as a private banker, pioneering stock markets’ coverage in the Arab world.

Nadine graduated from the American University of Beirut with a Masters degree in Business Administration.

She is a Lebanese national, and speaks fluent Arabic and English, and basic French and German.

Get in Touch

Phone : +966 558 008 983