Deutsche Bank chief economist to speak to business leaders at global summit in Dubai
|The two-day summit opened this morning in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under whose patronage the event is being hosted at the Madinat Jumeirah. Also in attendance were HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Chairman of Dubai Media Incorporated; HH Sheikh Ahmed Bin Mohammed Bin Rashid Al Maktoum, Chairman of Dubai Foundation for Events Management and Organisation; and HH Sheikh Ahmed Bin Saeed Al Maktoum, President Civil Aviation Department and Chairman of Emirates Group as well as other dignitaries.|
For this reason, the Global Travel & Tourism Summit, which takes place from 20-22 April in Dubai, is delighted to welcome as a keynote speaker Professor Norbert Walter, Chief Economist at Deutsche Bank, and CEO of Deutsche Bank Research, who will set the scene for the session ‘Global Perspectives – Changing Priorities’, specifically addressing the key issues of the current economic debate: sub-prime, recession and the credit crunch.
- United Arab Emirates: Wednesday, April 16 – 2008 at 13:07
All these issues clearly pose major challenges to the Travel & Tourism and related industries.
Professor Walter, a member of the Deutsche Bank ‘Think Tank’, which covers a wide spectrum of issues ranging from economic forecasting to country rating and sector analysis, is also a member of the Committee of Wise Men on the Regulation of European Securities Markets – the ‘Lamfalussy Group’ – and he was a close adviser to Gerhard Schroder’s government.
The panel discussion following Professor Walter’s presentation will comprise leading business and political leaders from around the world, who will debate the implications of his pronouncements, focusing particularly on the impact on the Travel & Tourism industry.
– HE Mubarak Al Muhairi, Director General, Abu Dhabi Tourism Authority
– Christopher Dickey, Paris Bureau Chief and Middle East Regional Editor, Newsweek
– Edouard Ettedgui, Group Chief Executive, Mandarin Oriental Hotel Group
– Arthur de Haast, Global CEO, Jones Lang LaSalle Hotels
– Jabu Mabuza, Chairman, South Africa Tourism, CEO Tsogo Sun and CEO, Southern Sun Hotels
The main objective of the session, which is expected to involve a lively debate with the participation of delegates in the audience, will be to identify the principal global trends in 2008 and beyond that might constrain the industry’s potential for growth, sustainability and responsibility. It will also examine the main impacts on Travel & Tourism, such as the pressures from climate change, population growth, wider inequalities, cultural tensions, political instability, financial market volatility, and increased competition for land, water, food and energy.