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Merrill Lynch to open Qatar and Kuwait offices
- Qatar: Tuesday, October 21 - 2008 at 10:24
Troubled US bank Merrill Lynch is to expand operations in Qatar and Kuwait, reported Bloomberg. The bank's chief executive, John Thain, said Merrill Lynch will open its Qatar and Kuwait offices by the end of the year and will also increase its wealth management business in the Gulf. He told reporters at roundtable discussions in Dubai that the UAE and other Gulf states faced an economic slowdown but he still saw great opportunity for investors.
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Jeff Florian, Senior ReporterTuesday, October 21 - 2008 at 10:24 UAE local time (GMT+4)
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