Arab Today, arab today gulf economies remain dynamic
Last Updated : GMT 21:03:02
Arab Today, arab today
Arab Today, arab today

Gulf economies remain dynamic

Arab Today, arab today

Arab Today, arab today Gulf economies remain dynamic

Brussels - KUNA

There are significant opportunities to serve a growing number of individual and institutional clients in the Middle East, particularly those based in the Gulf states, according to a top European banker. \"Despite impact of the global financial crisis and events of the Arab Spring, the Middle East remains a young, vibrant region with dynamic, increasingly diversified national economies, especially in the Gulf,\" according to Jacques Peters, Group Chief executive officer at KBL European Private Bankers, a leading Luxembourg-headquartered private banking group with operations in nine European countries. Last year, KBL European Private Bankers was acquired by Precision Capital, a Luxembourg company representing the business interests of Qatar. \"We have the skills and expertise to serve those clients, including staff who are specialized in structuring Sharia-compliant solutions,\" he said in an interview with the latest Newsletter of the \'Luxembourg for Finance,\' the agency for the development of the financial centre in Luxembourg. It published a special edition titled \"Luxembourg Meets the Middle East.\" Peters said that like many of the Gulf states, Luxembourg is a diverse country that welcomes anyone from outside its borders who is keen to contribute to economic growth. \"Today, about 40 percent of our total resident population is foreign and that doesn\'t include the hundreds of thousands of so-called frontaliers, those who commute here on a daily basis from neighbouring countries like Belgium, France and Germany,\" he noted. On his part, Rachid Ouaich, head of European operations at Wafra Capital Partners, a company that only offers sharia-compliant products, told the newsletter that most of their clients are located in Kuwait. \"If you look at the growth of Islamic finance compared to conventional finance in the Middle East or South-East Asia, Islamic Finance is the sector that is growing the fastest,\" he said. He said that as an important entry to the Middle Eastern market, Turkey plays a significant role. \"This country has one of the fastest growing economies worldwide. There is a natural link between the Middle East and Turkey, a cultural link\", noted Ouaich. \"People see Turkey as a market with a bright future. Now that the environment is more and more investor friendly they all want to invest there; it\'s a natural attraction,\" he added. On her part, Valerie Mantot, head of Luxembourg office of the law firm LoyensLoeff said \"most countries of the Middle East are growing rapidly; the key to success is to be able to identify for each of them the value that can be added by Luxembourg.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gulf economies remain dynamic Arab Today, arab today gulf economies remain dynamic

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gulf economies remain dynamic Arab Today, arab today gulf economies remain dynamic

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday