Viswas Raghavan, JPMorgan’s Europe boss, has recently underscored a “golden era” for the Middle East, driven by global tensions. The region, particularly Saudi Arabia, UAE, and Qatar, is witnessing an increase in dealmaking and capital market opportunities. This surge is further bolstered by recent stock market listings in Saudi Arabia.
The financial sector in these countries is experiencing a boost due to a diversification away from oil. This shift is paving the way for enhanced investment opportunities and a more robust financial infrastructure.
On Monday, Raghavan also recognized the United Kingdom’s stock market reforms and the blossoming technology sector. Despite what he referred to as an “anemic” $65 billion banking fee pool year, he praised the pro-business stance of the Labour Party. He emphasized the crucial role of the City of London in the global financial landscape..
