It was exciting to attend the 2024 edition of the invitation-only MASIC Annual Investment Forum in Riyadh.


It was exciting to attend the 2024 edition of the invitation-only MASIC Annual Investment Forum in Riyadh.  Gulf Analytica, David Gibson-Moore, Financial Advisory, Business Advisory Firm, Business Advisory Consultant, Business in UAE, Set your business in

MASIC is the family office of the most-prominent Alsubeaei family, headquartered in Riyadh. It was a privilege to be able to reconnect, as always, with Abdulaziz Alsubeaei and Mohammed Alsubeaei and engage with so many top-level, senior personalities from the Saudi business community. The theme of this year's conference was “De-dollarisation: Realities and Insights”. Guest speakers were HE Faisal Alibrahim, Saudi Minister of Economy and Planning, Dr. Larry Summers, Former Treasury Secretary in the Clinton Administration, and Dr. Nouriel Roubini, CEO of Roubini Macro Associates and Chief Economist for Atlas Capital. They delivered fascinating insights into this most significant topic which has far-reaching implications both for the US economy as well as for the rest of the world. It was particularly interesting to have the opportunity of discussing some of these issues personally with Nouriel Roubini at the end of the conference. He sees clearly the dangers and particularly the potential impact of the BRICS group’s current aspirations. However, he felt strongly that it is difficult for any other currency to challenge the dollar's status since the dollar is so widely used in international trade and finance. Central banks have a strong incentive, for the time being, to continue holding dollar reserves. Major change, in his view, will not be seen in the immediate future. Altogether an extraordinarily interesting discussion, all held with the framework of wonderful Saudi hospitality.

View Article Source