Middle East and North Africa – a Thousand and One Opportunities and Perils

[kreslik.news]

When one thinks about doing business in the Middle East and North Africa, what usually comes to mind is petroleum and traditional industries – not sophisticated financial trading. Moreover, those who were contemplating the prospects of engaging with the local trading industry were reluctant to do so.

An old Arab proverb says: “Wealth comes like a turtle, and runs away like a gazelle.” This was considered to be the popular notion regarding the financial industry in the region. Getting money from the end user was not an easy task – due to the hardships of marketing and the relatively poor standard ... (read more)