EC Press Release 5

Mohanna Aba Alkhail (60) joins EC, heading Saudi Arabia.

London, UK – November 22nd, 2012 – EC strengthens its position in the Middle East.

Saudi Arabia has the second largest oil reserves and the sixth largest natural gas reserves in the world.  Oil accounts for more than 95% of exports and 70% of government revenue.  The share of the non-oil economy is growing and we see a huge potential for our services in the time ahead of us.  EC has long experience and networks enabling us to assist as advisors and fundraisers, and building connections between European and Asian companies and their new counterparts.  “Although the region has seen some troubled years, we are pretty confident that the unrest will settle down and market will pick up again,” says Mohanna Abalkhail.  “We are proud to have achieved an agreement with Mr. Abalkhail,” says Mr. LJ Myrtroen, Founder of EC, London, UK.  “We have spent many years developing our foothold in the region and are happy to see an international, highly experienced consultant like Mr. Abalkhail take the lead.”  We run our operations from Riyadh.  London will remain as HQ.”

Mr. Mohanna Abalkhail –

Mohanna brings with him some valuable skill sets to us at Economic Consultants.  He is located in Riyadh, Saudi Arabia.  He has a Bachelor and a Master Degree from the College of Notre Dame in California, USA.  With 25 years plus experience from banks like Saudi Hollandi Bank, Riyadh Bank, Saudi Cairo Bank and the Al Mawared Corp. he is more than familiar with the banking Industry.  With an additional six years in the Foreign Exchange industry serving as Department Manager at Al Rajhi he is perfectly placed related to EC’s focus.  For the last few years, he has successfully been running his own consultancy company.  He looks forward to assisting you in questions around funding and all the other services offered here at EC.

Economic Consultants

was established by Mr. LJ Myrtroen in 1990 in Oslo, Norway and moved to London, UK in 1996 and provides Management Services to companies – complementing In-house Expertise.

We specialize in Business Advice, Funding, Commodities and Online Trading.  We have been in involved in a number of very successful Start-ups in different industries and countries over a number of years.

On our web site,  you will find comprehensive information in all of the sectors we are involved including a number of helpful Templates guiding you in the right direction when writing business plans, press releases etc.

Our extensive range of contacts and consultants reaches out to all corners of the world enabling us to develop links and partnerships that will assist in meeting goals and suggesting new areas to promote growth.

Our Funding Program enables clients to seek for funding from US$ 5 million and upwards.

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For more information Contact:

Mr. Mohanna Aba Alkhail, Senior Partner

Email; ma. alkhail@economic-consultants.com

Phone Riyadh; +966 505 144 664

Mr. Lars Johan Myrtroen, Senior Partner

Email; lj.myrtroen@economic-consultants.com

London Office +44 20 8133 9055

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Lars Johan Myrtroen, has 40 years experience in international financing and runs his operations from London, England. He established M-broking in the early 80′s and running Stavanger Bank in the Eastern part of Norway. Euro Export Invest AS was established in Oslo in 1998 owning four IT and security companies, with KSD as the leading company holding offices throughout Europe and he has been participating in several start-ups in the US, Philippines, Norway and the UK, among others British Armouring Manufacturing Inc, and Birdstep Technology ASA (Public, Norway). Also major investor in “Norges Energi AS“. He has experience from the bio-metric industry, serving as chairman of BioPrint AS, Norway, and adviser to and Director in GenKey Inc, San Francisco. Acting today as Executive Chairman in EC Capital Management Ltd, trading as Economic Consultants. He enjoys golf and started Grenland Golf Club in Skien Norway in 1980 and served as a Board Member in the Norwegian Golf Association for 4 years.

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