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Investment in the Middle East becoming more attractive to Western banks, but economic reform must remain a priority, Economist Intelligence Unit report finds.

Publication: M2 Presswire
Publication Date: 01-JUN-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-1 June 2006-Economist Intelligence Unit: Investment in the Middle East becoming more attractive to Western banks, but economic reform must remain a priority, Economist Intelligence Unit report finds(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:01062006

A survey by the Economist Intelligence Unit has found increased interest among western financial services firms to develop an institutional presence in the Middle East, but indicates that governments in the region must further the trend towards economic reform and a more open business environment. Just over half of the respondents questioned for the survey indicated that they either have an office in the region already or intend to establish one in the next three years. But while local markets for investment banking, wealth management, securities brokerage and other services are developing, concerns about government policy, the regulatory regime and physical security continue to deter would-be investors.

The survey forms the basis of Investment in the...

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