All Posts Tagged With: "middle east"

UBS Embarks on Middle East Expansion

UBS AG (UBS) yesterday (Tuesday), announced it had obtained a license to operate in Saudi Arabia, joining a growing number of financial firms looking to recoup some of the over $400 billion in global write-downs to date by tapping into the oil-fueled wealth creation occurring in the Middle East.

”With over 40 years’ experience in the region our decision to set up operations in the Kingdom of Saudi Arabia is further evidence of UBS’ long-term commitment to the Middle East and marks yet another important milestone for the firm in this very exciting and significant market,” Chairman and Chief Executive…

9Jul2008 | Money Morning | Comments Off | Continued

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