Gulf capital markets singled out as key partners for London’s financial services

Capital markets in the Gulf are fast emerging as “key partners” for London’s financial services companies, UK economic secretary and City minister, Bim Afolami, told a summit.

“That’s why last year we agreed with the kingdom of Saudi Arabia to collaborate on financial services, including capital markets, which will harness the dynamism to maximise the full potential of UK-sourced capital and finance in the kingdom,” he said.

Mr Afolami was speaking at the beginning of City Week, a four-summit, two-day event in London at the Guildhall with discussions ranging from capital markets, to green regulations and investment and the role of AI in financial services.

Source: TRADE FINANCE