SEDCO Capital CEO takes on key role at S&P forum

Updated 11 November 2012
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SEDCO Capital CEO takes on key role at S&P forum

Hasan Al-Jabri, CEO of SEDCO Capital, one of Saudi Arabia’s foremost asset management companies, was a key participant at the 3rd Standard & Poor’s Leaders’ Forum hosted by the UAE Ministry of Economy in Abu Dhabi on Wednesday under the theme “Middle East Horizons: Toward developing economies and sustainable investment”.
Other speakers at the forum included Sheikh Nahyan bin Mubarak Al-Nahyan, minister of higher education and scientific research, UAE; Sultan Al-Mansoori, minister of economy, UAE; Abdullah S. Al-Darmaki, CEO, Khalifa Fund for Enterprise Development; Farrukh Iqbal, director MENA, The World Bank; and Douglas Peterson, President Standard & Poor’s.
Contributing more than 27 years of banking experience in the region, Jabri took part in an interactive panel discussion titled “Aligning investment strategies: Matching financial products with promising market segments, revisiting business models and the quest for sustainable yields and investment performance.”
He shared the panel with Karim El Solh, CEO, Gulf Capital; Abdalla Elebiary, MD, Citadel Capital; Farouk Soussa, chief economist (Emerging Markets), Citigroup; and Harry Chopra, MD, global services, S&P Capital IQ, where they discussed thoughts on the topic.
Jabri gave an overview on investment environment in the years since the great recession of 2007-2009. He added: “We have now reached a defining moment in economic and financial history where many long-held ideas and assumptions are being challenged. One such area is that after 20 years of a credit fueled boom, we find ourselves in a period where persistent deficits are the norm and have been for over four decades. Never before have so many countries had such long periods without surpluses,” he said. “Clearly, since the global financial crisis first surfaced during 2007, the developed world has experienced no growth and no deleveraging. As a result, our view is that we find ourselves in an environment where macro factors dominate markets.


5G improves production of jet engine components

Updated 23 May 2018
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5G improves production of jet engine components

Ericsson and the Fraunhofer Institute for Production Technology have teamed up to explore the industrial applications of 5G. The first use case for production of jet engine components for MTU Aero Engines is being presented this week at the Hanover Fair in Germany.
The components concerned, so-called blade integrated disks (blisk), are high-tech components where the disk and blades are produced as a single piece and serve the purpose of compressing the air inside jet engines.
Thomas Dautl, director of manufacturing technology, MTU Aero Engines, said: “A blade-integrated disk is a high-value component. The milling process takes 15-20 hours and the total lead time is around 3-4 months, including coating processes and quality checks. The new 5G-based production technology will help make our operations more efficient.”