The Middle East region is becoming a well-known young society. Also the technology has increased the portfolio of financial services, every time deeper and more exigent in order to assignated all the investments in a correct way avoiding the loss of money and the stock´s productivity. Most of the Arabians are putting their capital in the local market, improving the domestic financial market and creating a confindence, security and no risk harmony in the environment among Middle East investors. This type of banking strategy has been studied for most of the world´s financial sector leaders to be implemented in their own countries.
Several strategies applied by that region have been the following ones:
-Improving the management of risk.
-Identifying productive projects and efficient firms.
-Promoting corporate governance.
-Mobilising savings.
-Mitigating the adverse effects of financial shocks.
Some aspects which are being developed in the economic market of the Middle East are the flooding of the insurance and the credit card market industry and the existence of ample opportunities in the microfinance sector.
In conclusion, this emerging economy is growing more and more through monopolistic competition that allows greater participation of foreign banks, ensuring a smooth and a free competition inside the Middle East banking structure.
References:
ResponderEliminar*Pricewaterhousecoopers. Middle East Regions, Banking & Capital Markets, of http://www.pwc.com/m1/en/industries/banking-capital-markets.jhtml
*Marketresearch.com (2007). Middle East Banking Sector Analysis (2007-2011), of
http://www.marketresearch.com/product/display.asp?productid=1532336
*Image of http://ddc.aub.edu.lb/projects/archaeology/berytus44/maps/Middle_East98.jpg
Let's pray for them to stay away from here (LOL), if there's a chance for that model to be useless is here with all the beureucratic decisions, and don't forget the bribes!
ResponderEliminar