The Industrial and Commercial Bank of China Middle East, the regional unit of the world’s largest bank by market capitalisation, was the first Chinese bank to set up shop in Dubai’s financial centre.
Now, the lender has its sights on a broader Middle Eastern footprint, underlining the deepening financial links that are accompanying the rising volumes of trade and investment between the Gulf and China.
“We are committed to increasing significantly our support for, and involvement with, the long-term economic development of the Middle East,” says Tian Zhiping, chief executive of ICBC Middle East.
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