CFA Society Emirates, the UAE member society of CFA Institute, a global association of investment professionals that sets the standard for professional excellence and credentials, recently hosted a presentation at Shangri-La Hotel, Dubai to discuss Sukuk rating criteria and the impact of the Expo 2020 bid win on the country's real estate market.
CFA charterholders and other members of the financial community were invited to the event, where Bashar Al-Natoor, Director of Corporates for the MEA region at Fitch Ratings, discussed a number of trends and issues. His presentation addressed how credit rating firms determine corporates' ratings in general and with UAE-specific factors in mind in particular. It also focused on the medium- to long-term demand for Sukuk financing and how it correlates with emerging market fundamentals and specific onsiderations related to funding for Expo 2020.
Amer Khansaheb, President of CFA Society Emirates, said, "Hosting Expo 2020 will not only strengthen Dubai's position as a regional business hub, but also contribute to its success as a trade and tourism destination. CFA Society Emirates' research has shown that the event is likely to have a significant impact on the real estate sector, and it will be important for corporations to have the right financing options in place to fund development."