Wednesday, February 15, 2012

Middle East a link in key trade corridor

Standard Chartered expects the Middle East to be a key market for its transaction banking business. Karen Fawcett, global group head of transaction banking at Standard Chartered, is confident of the banks huge business potential in its core markets across Asia, the Middle East and Africa. With consumption in Europe and the US slowing, and likely to remain that way for a while, the bank is leveraging its traditionally emerging market-focused strategy to capture rising intra-region trade flows.

With the massive share the region has in oil production, it is a critically important region on the global trading map
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Source: http://www.albawaba.com/middle-east-link-key-trade-corridor-412675

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