Bahrain-based Arab Banking Corporation (ABC), an international universal bank represented in more than 20 countries worldwide, is opening a representative office in Moscow on November 25.
This will make ABC the first Arab bank to set up shop in Russia.
The Moscow office will mainly seek to promote trade between the Middle East and North Africa on the one hand and Russia, Ukraine and Belarus on the other but will also try to help Russian banks do business with the MENA region, according to an ABC press release.
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