Saudi Banks Recruit Dealers In London To Rebuild FX Desks In The Middle East
BANKS
A year after the beginning of the Gulf War, the banking scene in the Middle East has still not returned to normal. Banks in Kuwait and Bahrain, formerly significant in foreign exchange, remain in disarray. But according to sources in London, Saudi Arabian banks are moving in to fill the gap.
"Saudi banks are definitely recruiting," says one London-based recruiter who deals extensively in the forex market. Market observers say at least two banks in Saudi have been hiring expatriate traders from
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