I constantly find myself in the position of having to explain why principles of integrity should guide performance and define reputation. So I was interested to read Sarah Gordon’s account of covering the City for 20 years in the Financial Times…

Walking through the Pompidou Centre in Paris recently, surrounded by the abundance of creativity that defines artistic expression, deploying all sorts of techniques and materials, a thought struck me: the immediacy of the relationship between the artist and the public…

In advanced economies education for boys and girls is considered a given. But it is not the case in front line markets or in developing economies…

As southern EU country leaders are about to meet in Cyprus this coming Monday January 29, 2019, they should better discuss why we still have girls out of school. Greece has the highest percentage of girls out of school, followed by Cyprus.

Lebanon, like many countries in the Med, have in-built resilience in their cultural DNA. Lebanon is also an entrepreneurial nation with a large active and enlightened diaspora. With the war in Syria, Lebanon has been incurring significant inflows of refugees hosted over the last 8 years in its cities and rural communities. Recent data analysis show Lebanon’s almost flat economic growth rate and a creeping unemployment rate. Women and girls are a most important socio-economic component to ensure growth, stability and peace.

It has been more than 5 years since I founded the Mediterranean Growth Initiative, boldly advocating the merits of the Mediterranena as an economic space in global trade and delivering real-time date analysis to support policy thinking and doing in the region. At the start ofthis year, we are launching new work, focusing on a series of infographics and data driven analysis on education and gender across the Mediterranean region - starting with Morocco.

Our collaboration agreement with the CMI is testament to shared vision, validated methodology and sense of purpose. It speaks to the need for informed policy making, but equally important the need for governments and multilateral institutions to benchmark impact of policy on citizenry, having the tools to improve and align policy with real time information. Read more in my 2019 MGI.online founder's message above.

Wishing you all a very happy new year,

Cleopatra

Energy at the core of UK and North Africa trade. As part of our Brexit series, the UK is to take note of its dependence on North Africa and the Med as important energy sources.

Ties and Trade Flows. Brexit and the Med. Another fact based snapshot of our mgi.online Brexit series: Cyprus and Israel at the heart of imports from the UK.

This blogpost is shared as part of a series of insights from INSEAD Directors Network, based on roundtable discussions held during INSEAD Directors Forum October 2018. The Directors Forum Round Table Discussions were held with IDN members led by IDN board members or IDN Ambassadors.

The roundtable discussion was led by Cleopatra Kitti, IDN Ambassador Cyprus.

The Mediterranean Growth Initiative and the Center for Mediterranean Integration announce their partnership - fostering cooperation amongst the countries of the Mediterranean.

From all the Med countries, Israel tops exports to the UK.

Precious trade fact on Britain and the Med.

How dependent is Britain’s energy supply on the Med?

Learning from mistakes in the Mediterranean – Brexit is more about British values than exit from Europe. Britain must find its voice and its “power offer” to its people and to the world.

The Mediterranean represents 10% of global GDP and is home to 500 million people. As a proud Mediterranean, my page will be bringing facts, information and views from the region, so that we are better understood for our potential by international investors, policy makers, analysts. This page will be hosting a series of infographics, by MGI.online, the only real time data analysis, benchmarking and forecasting platform on the Mediterranean region. The first series focuses on the Med and Brexit.

Italy has endured a torrid decade, suffering three recessions since 2008, with high levels of public debt, unemployment at above 10 per cent and a banking system lumbered with bad loans. Its political leadership has also drifted towards populism, with talk of a referendum to withdraw from the Euro currency, and a toughening anti-immigration stance.

Hard economic times tend to lead to a hardening of borders, with a zero-sum ‘us-and-them’ mentality. To counter the trend and support greater mobility of capital and people in the Mediterranean, a vibrant private sector is crucial for Italy’s future.

Following the election of Emmanuel Macron last year, France has emerged as one of Europe’s more vibrant economies. In particular, it is building its tech sector in advanced areas such as artificial intelligence and attracting increasing investment from tech leaders, including IBM and Microsoft. Macron has been a welcome voice of internationalism, attempting to preserve the nuclear deal with Iran, for instance, and imploring European countries not to turn their backs on migrants. His recent promise to grant citizenship to a Malian illegal immigrant who saved a child dangling precariously from a balcony – taking the time to meet the man in person – was a welcome gesture at a time when other Western nations are moving in the ideologically opposite direction. Given that France faces its own emerging nationalist and far-right political movement, these achievements should not be taken lightly. 

Over the 30 years of my professional life in the EMEA region, the EU’s Southern Mediterranean markets have played an important role. I have led and managed projects executed on a pan-EU basis, yet each market has its own distinct culture. Every time I work on these projects, I am struck by how unique and unrelated the business cultures are in Spain, in Italy, in France and in Greece. Aside from certain areas where the EU has imposed general guidelines, each market has its own regulatory, economic and cultural approaches. Implementing an investment decision or entering a new product market thus requires distinct market-specific benchmarks of success. The stereotypical perception is that most businesses in these countries are predominantly family-owned, SMEs or start-ups and that they are symmetric in business culture, meaning business is done in similar ways. In fact, this is not the case; there is actually much diversity, and to be successful requires cultural nuance. Equally striking is the very little cross-border activity between these countries. 

To shed light on their diversity and interactions, the next three country profiles will examine Spain, France and Italy in terms of their inter-regional and cross-border potential.

In preparing for this month’s blog – on Israel – I have asked Chemi Peres, a highly respected Israeli leader and entrepreneur, who co-founded Pitango Venture Capital, to give me his view and the thread for the analysis that follows. I was introduced to Chemi by Ambassador Yael Ravia-Zadok, when she was serving her country in Cyprus, building bridges of trust and collaboration between our two countries.

Chemi and I share a legacy left by our fathers. Shimon Peres, Chemi’s father – Nobel Peace Prize laureate, President of Israel, a statesman and an innovator – championed peace and collaboration. In Chemi’s words, his father was defined by the ‘ingenuity of a visionary driven by optimism and inspired by hope’. 

My late father, Constantinos Kittis, also served his country and his people, with an honourable commitment to the wider good in both the public and private sectors. He was Minister of Commerce and Industry, Minister of Finance, founder of the European Movement in Cyprus, a regional leader of multinational businesses, a visionary, optimist, innovator and champion of good governance – but more importantly, he was a rare honest man with a high level of emotional intelligence.