The Middle East: A Region Rich in Opportunity
First Published in Automated Trader Magazine Issue 08 Q1 2008
Gary King, Chief Executive Officer, Dubai Mercantile Exchange, explains why trading firms should look beyond Asia for new investment opportunities to a region whose financial markets are primed for an expansion in algorithmic and automated trading.
Much has been written in recent years about the booming economies of India and China. But one other region of the world is undergoing an even more remarkable transformation. According to the International Monetary Fund, the Middle East's gross domestic product is set to outpace global growth rates during 2008 for the eighth successive year, with the regional economy predicted to expand by 6 to 7 per cent.
As the region's financial markets become more liquid and sophisticated, ...
