Middle East debate: Gulf dynamism drives regional transaction banking
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Opinion

Middle East debate: Gulf dynamism drives regional transaction banking

Euromoney speaks to providers and users of transaction banking in the Gulf region about the market’s growing importance and the localization of expertise.

middle-east-transaction-services-debate.jpg
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

Elliot Wilson, Euromoney What is the business climate like here, given the uncertainties elsewhere in the world?

null
HG, ADCB Growth levels vary across the Gulf Cooperation Council countries – for example, it’s higher by far in the UAE and in Saudi Arabia, key coverage countries for ADCB. Within the UAE, Dubai is doing better than Abu Dhabi, notably in residential and commercial real estate.
Gift this article