back-to-basics-in-the-middle-east

Back to basics in the Middle East

Sandy Shipton of the Dubai International Financial Centre discusses the evolution of the Middle EastÆs family business structures and the region's reaction to the credit crunch.
October 15, 2008
Middle Eastern markets continued to erode in value last week, almost mirroring the falling price of oil. Despite these unsettling events, Sandy Shipton, executive director of wealth management at the Dubai International Financial Centre, is optimistic about the outlook for the region. Speaking with FinanceAsia during a recent trip to Hong Kong, he describes the situation we are in now as a transition from the traditional OECD-led financial market model to one driven by the BRIC countries Brazil, Russia, India and China and the Middle East.

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