Middle East debate participants
| EXECUTIVE SUMMARY • Economic buoyancy in the Gulf is sufficient to promote strong competition between banks • Flight to safety to UAE is good for banks there • Regional gaps in capital markets and value-transfer systems create opportunities for banks • A greater professionalizism among corporate treasuries is driving best practice among providers • Desire to export is growing and driving demand for transaction banking • Local banks are more than measuring up to international competitors • Cultural obstacles to introducing modern cash management are being overcome • Sanctions against Iran complicate regional transaction banking |
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Elliot Wilson, Euromoney What is the business climate like here, given the uncertainties elsewhere in the world?
