Citi's Ray McGuire: Middle East is Growth Driver for Deals

The transcript discusses investment activities in the Middle East, focusing on the Saudi Aramco deal and potential growth opportunities. Citigroup's Ray McGuire highlights the region as a growth area, with expectations of continued investment. The transcript also covers the competitive landscape among banks vying for deals, particularly in relation to SABIC and Saudi Aramco. Additionally, it touches on market dynamics following the Khashoggi incident and historical references to Boris Yeltsin.

What is the primary focus of Citigroup's plans in the Middle East?

• Increasing investments

• Reducing investments

• Exploring new markets

• Focusing on technology

What is the main reason for the competition among big banks in the Middle East?

• To establish new branches

• To gain a share in major deals

• To reduce operational costs

• To hire local talent

Which companies are mentioned as being central to the banking competition?

• Microsoft and Amazon

• Apple and Google

• Tesla and SpaceX

• Saudi Aramco and SABIC

What event is mentioned as having delayed investment activities in the Middle East?

• The Brexit negotiations

• The COVID-19 pandemic

• The Khashoggi incident

• The global financial crisis

What was the predicted outcome after the Khashoggi incident according to experts?

• A quick return to investment activities

• A slow recovery in investments

• A shift in investment to Asia

• A permanent halt in investments