Nervous times in the Middle East

Despite huge uncertainty about the political and economic future of the Middle East, bankers there say they are still busy and that life is carrying on as normal.

“We have stepped up security a bit at our seven branches but we are still fully operational and have not changed our lending policies,” says Naved Khan, head of ABN Amro’s operations in Pakistan. At the time of going to press, Standard Chartered Bank’s branch in Peshawar was still open. “It is business as normal,” a source told Euromoney. First-class seats on flights to Cairo and Tehran may be easier to obtain than they were following the imposition of travel restrictions by some international banks, but they are far from empty.

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