China banks boost financial services in Gulf economies

DUBAI - The growing number of Chinese banks operating in the Middle East has helped spur investments and boost the local financial services to benefit all stakeholders, said Dubai-based bankers earlier this month.

They made the remarks at a media roundtable held at the Dubai International Financial Center at the United Arab Emirates.

Tom Lind, senior executive officer for regional corporate finance at Al Ahli Bank of Kuwait's DIFC branch, praised the top four Chinese banks for opening branches in the DIFC since 2008.