Investors’ Outlook: September Issue

This issue’s discussions highlight pivotal business and investment trends across several regions. In the UAE, anticipation builds for an active business season starting from September, marked by substantial fundraising and investment initiatives. Germany reflects a cautious optimism with a focus on energy and technology sectors, despite broader European economic uncertainties. Mexico faces political and judicial shifts with potential implications for its business environment, as a new government takes office. Switzerland maintains a methodical approach, capitalizing on its strengths in biopharma and non-EU advantages for business operations.

What is happening in the UAE?

Danish Rizvi, CEO at Orgarium, Inc., shared that in the UAE, the business climate is particularly vibrant as the region gears up for a bustling season from September to February. He emphasized that this period is critical for extensive fundraising activities and the kickoff of new investments, indicating a robust economic environment poised for significant growth.

What is happening in Australia?

Barry Palte, Chairman at EQ Capital Partners, shared that in Australia, there is currently a surge in activity within the technology investment sector, which is developing at a rapid pace. He noted that Australia’s tech ecosystem has dramatically evolved over the past five years, enhancing its connectivity with global markets. Barry, who specializes in deep tech, mentioned his recent travels to the US and Africa, observing significant cross-border collaboration among family offices. These collaborations are increasingly focused on addressing major global challenges such as climate change and food security.

What is happening in Italy?

Alberto Guidotti, CEO at K-sport World, shared that in Italy, the focus within his sector is primarily on sensors applied to artificial intelligence in healthcare and sports technology. He noted that the last year has not been optimal for new investments or startups, with a greater emphasis on mergers and acquisitions. Alberto observed that, generally, this part of Europe is somewhat lagging behind the rest of the world in terms of investment and dynamism in the artificial intelligence sector, both in financial terms and in human resources.

What is happening in the US?

Depinder Grewal, Managing Partner at Tiger Alternative Investments, shared that in the United States, the current focus is on the upcoming election, creating a cautious atmosphere in the business sector. Despite rising market indices, there remains a significant hesitance to invest, with potential investors adopting a ‘wait and see’ approach. Depinder highlighted that the general economic climate is challenged by high overheads, rising labor costs, and inflationary pressures. He also noted a trend of staff reductions, particularly in the IT sector, attributing it to previous overstaffing, as observed during visits to major corporate offices like Google’s in New York.

What is happening in Germany?

Felix Meyer-Horn, Managing Director at Aerzen, reported a noticeable decline in business optimism and investment enthusiasm within Germany. He described the investment climate as unsettled, observing a broader sense of transformation across the country’s economic sectors. Felix emphasized the potential in sectors like climate, energy, and water-related technologies, noting these as hot topics for investment given the transformative shifts currently underway in Germany

What is happening in Mexico?

Luis Ibarra, Leading Partner at SAI Derecho & Economia, highlighted the potential implications for business and investment in Mexico following recent elections. With a new government set to take office on October 1st, there are significant concerns within the business community regarding proposed constitutional changes. The incoming administration’s plans to overhaul the judicial system, including electing all judges and Supreme Court magistrates, could affect the legal landscape significantly. This shift is seen as a response to past judicial decisions against governmental interests, raising fears of instability and uncertainty among investors and business groups in Mexico.

What is happening in Switzerland?

Deniz N. Erkus, Partner & UNDP International Consultant at Leonie Hill Capital, highlighted the business environment in Switzerland, noting its slow pace in adopting changes and executing projects. He emphasized the strategic importance of Basel, especially for the biopharma industry, suggesting it as an advantageous location for companies seeking to enter or expand in the European market. Erkus pointed out that Switzerland’s non-EU status often provides unique benefits for business operations. Despite the challenges posed by slower dynamics compared to developing countries, Erkus sees significant potential for growth and investment in Switzerland.

What is happening Canada?

Osama Usmani, CEO at Salubrum, discussed the current economic and technological landscape in Canada. He mentioned the ongoing adjustments in interest rates, with Canadian institutions closely watching the U.S. for cues on further rate decreases. In the healthcare sector, Usmani observed significant governmental shifts as the current administration approaches the end of its term, aiming to implement impactful changes. Highlighting a longstanding productivity challenge, Usmani pointed out Canada’s efforts to leverage its strong AI research base as a means to enhance national productivity. Despite boasting influential AI pioneers and substantial governmental investments in AI infrastructure, he noted that Canada still lags behind, especially in comparison to the scale of investments seen in the U.S. This scenario underscores the broader struggle to keep pace with its southern neighbor in technological advancements and economic performance.

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