“You’re seeing a real kind of swagger as countries like Saudi Arabia, UAE, Qatar, all are pretty well positioned, both for attracting money managers, hedge funds, to also their own domestic economies becoming mainstream. This is a golden era for Middle Eastern companies and in general, the Middle East. I think that it’s here to stay.”

Viswas Raghavan, JPMorgan’s chief executive officer for Europe, the Middle East and Africa. [BNN Bloomberg]