UAE banks poised to reap benefits of rising developing market trade flows | The National

UAE banks poised to reap benefits of rising developing market trade flows | The National:

"The UAE’s banking sector is poised to reap the benefits of increasing trade flows with Asia and other developing markets, said Haytham El Maayergi, Standard Chartered’s head of transaction banking for the UAE.

Standard Chartered forecasts emerging market trade to account for more than 30 per cent of global trade volumes by 2030. Emerging market trade corridors are expected to account for 40 per cent of global trade by 2030, up from 18 per cent last year.

“Flows both within and from emerging markets will continue to grow, and the UAE … is well positioned to tap this shift from West to East,” said Mr El Maayergi."

'via Blog this'