The resignation of the UK prime minister, automobile sales are down almost 5% in Canada, agri-tech developments in Israel, and much more investment, business and life first-hand news were shared by investors during the 99th GILC Summit.

Ahmed Jawad Wehbi, Founder & CEO of AJ Middle East Management Consulting, UAE, mentioned that Dubai is full of innovations, which is why Dubai has been the focus of many investors. The city is addressing the waste treatment issue very well. Dubai and UAE is acknowledged to be a destination for healthcare. He stated that, although there is room for improvement in terms of medical services for children, the healthcare industry has grown a lot in the last few years alongside other industries, such as agriculture, food and energy. 

Mochamad Saiful Arif, Chairman of Satria Holding Group Company, Indonesia, talked about how the country was affected by the pandemic and that now everyone is contributing to the recovery of the economy.

Suramya Gupta, MP at CapitalSG, Singapore, said that the economy in Singapore is seeing some growth because there is a lot of wealth moving across from Hong Kong into Singapore. He mentioned that thanks to that, the city is brimming with investment opportunities and by the looks of it, this growth will continue to scale for the following years.

Anthony Jarrin, CEO of The Cannaregio Group, US, said that the US had seen some contraction in the real estate space on the pricing for rentals. He suspects securities markets will continue to feel pressure, whereas labor markets are becoming very tight, which is unusual considering what is going on. He referred to the change of the potential powers in the Senate and Congress that is currently taking the majority of the press time. Anthony Jarrin also mentioned that the Taiwan situation is something to have our eyes on. But overall, the economic situation in the US is great despite the inflation, which is the main concern right now. 

Daniel Williams, MP at New Bletchley Investments, Ireland, noted how many companies are moving into Ireland thanks to the fall over from Brexit. He also commented how the global increase in the price of gasoline can go up to 50% higher depending on what country you live in.

Ted Kong, a Private Investor, Canada, brought up how there is a tightening among the general public in Canada. Ted also mentioned that even though inflation is considerably high in Canada and it is one of the main issues at the moment, there are still some good opportunities to travel. He also said that everybody seems more cautious on the business side. 

Luis Ibarra, CIO at AGRINAM, Mexico, presented how the general situation in Mexico is not the best. Still, it’s not the worst, thanks to Mexico’s trade possibilities and multiple FTAs. Inflation has decreased and because of that, there are outstanding opportunities for investment appearing in sectors like energy and education. He also talked about how the independent central bank significantly reduced inflation, which has been substantially increasing in many other countries.

Mira Sirotic, Investor at Maxwell Biosciences, Canada, mentioned how inflation is a big problem in Canada right now and pointed to the larger issue – supply chain disruptions. These disruptions are currently impacting multiple sectors, such as the agriculture sector, which will be facing some challenges during the harvest as they can’t get their crops to where they need to be. She mentioned that Canadian hockey will be going through some tough times right now because some major sponsors are leaving the sport because of some dubious activities. And although inflation is high, tourism is still viable and has a lot to offer. While travel is up, Canadian airports are ranked even lower this year. Lastly, Mira noted how the US dollar is rising against the Canadian dollar, making it a perfect time for Americans to come to Canada because they will get at least a 30% uplift in their currency, which will be especially good for investors.

Dganit Vered, CEO of Smart Agro, Israel, noted that in Israel, the agritech is less impacted than in other areas because people understand that the food supply chain is critical for the country. Israel is already facing enough challenges with the severe climate change that they are experiencing right now, which makes it more difficult to grow food. She also noted how important water consumption optimization is during this climate change phase. 

Vinícius M. de Carvalho, Principal at Alisios, stated that business-wise Brazil had been pretty stalled thanks to the current election, which is very polarized; a lot of investment decisions have been postponed because of the current political situation. A candidate running for re-election is artificially lowering the inflation price and the gas price until the end of the election, which will make for a massive spike in prices once the election is over. Therefore, Vinicius believes the next year will be a rough year for Brazil.

Common media is not the best source to keep us informed as they all have independent interests. This is why it is crucial to have access to first-hand information from credible sources of fellow investors, such as the ones presented during the 99th GILC Summit. Thus, you can stay updated with what is currently happening in the business world without the biased misinformation spread in mass media, which is driven by viewership.