Middle East and Turkiye Deep Dive
Decoding credit risks and growth prospects amidst challenging geopolitics
Strong fiscal and external positions in the GCC continue to benefit from supportive, albeit lower, commodity prices. The improving medium-term growth prospects reflect implemented structural reforms and the strong momentum behind a wide range of public sector driven economic diversification projects. Turkey’s monetary and fiscal policy adjustment remains on track after the pivot toward greater orthodoxy following the 2023 elections, although inflation remains a challenge. Elevated geopolitical tensions in the broader Middle East region highlight the tail risks.
Discussion Topics:
- What will drive sovereign creditworthiness and growth across the region?
- How resilient is the GCC banking sector in the face of global challenges?
- How will GCC economic diversification transform the corporate landscape?
- Where will growth and headwinds come from in the insurance sector?
Interactive session bringing together cross-sector credit experts to assess regional credit dynamics.
Presentation Slides
To view the details for the global event click here.
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SpeakersKathrin Muehlbronner Senior Vice President, Global MDB Lead, Sovereign & Sub Sovereign Risk Moody's Ratings
Mohammed Ali Londe Vice President - Senior Analyst, Financial Institutions Moody's Ratings
Alexander Perjéssy Vice President - Senior Credit Officer, Sovereign Risk Moody's Ratings
Rehan Akbar Associate Managing Director, Corporate Finance Moody's Ratings
Badis Shubailat Vice President - Senior Analyst, Financial Institutions Moody's Ratings
Paul Feghaly Analyst, Corporate Finance Moody's Ratings
Mikhail Shipilov Vice President-Senior Analyst, EMEA Corporate Finance Moody's Ratings
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Event Manager
If you have any questions about the event, please contact Jun Li at jun.li@moodys.com.
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Kathrin joined Moody’s Ratings in April 2010 as a member of the Sovereign Risk Group. She is the lead analyst for a number of European sovereigns including Turkey and Israel as well as several MDBs such as the IFC, EBRD and AIIB among others. She is also Moody’s global coordinator for all of Moody’s MDB ratings.
Prior to joining Moody’s Kathrin was a Director with Merrill Lynch, working as Sovereign Ratings Advisor to governments and banks in emerging markets. Prior to that, she was Chief Economist for Deutsche Bank in Spain.
She holds a M.Sc. in Economics, Latin American Politics, Spanish and Portuguese languages from the University of Tuebingen as well as a post-graduate economics degree from the College of Europe, Bruges.
Mohammed Ali Londe is an Vice President – Senior Analyst within Moody’s Insurance Group, based in Dubai. He is responsible for Moody’s insurance ratings in the Middle East. Prior to joining Moody’s in 2013, Mohammed worked in the Planning and Performance Management department of Zurich International Middle East. Mohammed’s past experience also includes working with Chartis Middle East (AIG) and as an auditor, within the insurance department of Deloitte Bermuda where along with performing numerous insurance and reinsurance audits, he was seconded to work with Endurance Specialty Insurance Ltd.Mohammed Ali holds a BSc from Oxford Brookes University, UK.
Alexander Perjéssy is Vice President – Senior Credit Officer at the Moody’s Sovereign Risk Group.
Based in Dubai, he has lead analyst responsibilities for a number of sovereigns in the Middle East, including most of the Gulf Cooperation Council member states and several regional multilateral institutions.
Prior to joining Moody’s in November 2017, Alex worked for two years as economist at the Islamic Development Bank in Jeddah, Saudi Arabia.
Before relocating to the Middle East, Alex spent more than 12 years covering macroeconomic developments and sovereign risk assessment in the emerging markets of the EMEA region for AllianceBernstein and The Rohatyn Group, both US-based asset management firms in New York, as well as for Goldman Sachs in London.
Alex holds an MA in Economics from the University of Maryland and a BA in Economics from Middlebury College.
Rehan Akbar is an Associate Managing Director in Moody’s EMEA Corporate Finance Group, based in Dubai. He currently manages the corporate team responsible for rating coverage of companies in the Middle East, Africa, Turkiye, and the CIS region. Prior to joining Moody’s in 2011, Rehan worked as a credit analyst at Mashreq Capital, focusing on emerging market corporates. He began his career as a software engineer and technology consultant.
Rehan holds a Master’s degree in Management Sciences and Engineering from Stanford University and a Bachelor’s degree in Computer Science from Lahore University of Management Sciences. He is also a CFA charterholder.
Badis Shubailat is a Senior Analyst with Moody’s Financial Institutions Group. Based in Dubai, Badis covers a portfolio of large conventional as well as Islamic banks in the UAE, Bahrain, Saudi Arabia, Tunisia and Morocco. He is the lead analyst responsible for the Bahraini and Tunisian banking systems and also covered in the past financial institutions in Kuwait, Qatar and Turkey. Since joining Moody’s in March 2014, Badis has authored research publications focusing on GCC and North African credits as well as Islamic Banking. Badis holds a Bachelor in Business Administration from John Cabot University (Rome, Italy) and an MSc in Finance from EADA Business School (Barcelona, Spain). Badis speaks English, French, Arabic and Italian.
Paul Feghaly is an Analyst in Moody’s EMEA Corporate Finance Group based in Dubai. He covers a diversified portfolio, including but not limited to regulated utilities, telecom and real estate companies situated in the Middle East.He joined Moody’s Dubai office in 2018, and previously worked as a senior associate in PwC’s Capital Markets Advisory team for two years, covering IPO and debt transactions in the MENA region. Before that, he has spent around 5 years working in different regional audit and tax functions with both Deloitte and BDO International.Paul holds an associate degree in Audit and Accounting, has passed the US certified public accountant (CPA) examination, and completed the executive CORe program at Harvard Business School Online