Ted Ferguson on Middle East economy
From Moelis Says `Business as Usual' in Most of Middle East · · Bloomberg Originals
“I think right now the rest of the region is acting as if this is an Egypt specific event and for the time being those economies continue to be very impressive with commodity prices where they are today near $100 a barrel. The region has substantial economic benefit and for now they continue to operate as if Egypt's a one-off event.”
On , Ted Ferguson, MD of New York & Chief Information Officer at MOELIS & CO, spoke about Middle East economy during Moelis Says `Business as Usual' in Most of Middle East on Bloomberg Originals.
About Ted Ferguson
Ted Ferguson, Managing Director and Chief Information Officer at Moelis, was quoted in a September 2012 Bloomberg interview discussing the firm's perspective on Middle East business conditions and broader M&A trends. Ferguson stated that most of the Middle East region was "doing business as usual" and that the political situation in Egypt was being treated as an "Egypt specific event" by regional economies. He advised that corporations considering strategic acquisitions in Egypt should "wait for more information" due to uncertainty about the outcome of regime changes. Ferguson also commented on the M&A outlook, predicting a "good year" for dealmaking but not a "blockbuster" compared to 2006-2007, noting that while buyers are strong, sellers lack incentive to sell at current prices due to strong recovery in margins and growth. He identified commodities and energy as the sector most likely to consolidate, describing it as a "major trend" rolling through the globe. Ferguson emphasized that Moelis was building a "global information-capable network" to serve clients worldwide, with offices in Hong Kong, Sydney, Dubai, and London.