Crown Prince Mohammed Bin Salman attracts international banks to Riyadh, requiring them to establish headquarters and diverting business from Hong Kong, Singapore, and Dubai.
Crown Prince Mohammed Bin Salman is attracting international banks to Riyadh, making it easier for them to operate while introducing new laws requiring them to establish headquarters in Saudi Arabia. This strategy aims to divert business from financial centers like Hong Kong and Singapore, and nearby Dubai. Banks like Deutsche Bank are adapting by appointing regional executives based in Riyadh instead of Dubai.
May 02, 2024
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