Monday, September 22, 2008

SBI in Middle Easta

Middle-east consists of several Arab nations. Of this, GCC refers to Gulf Co-operation Council. GCC consists of 6 nations - Saudi Arabia, Bahrain, Kuwait, Qatar, Oman and United Arab Emirates.

·         Saudi Arabia - Capital is Riyadh, Commercial Capital is Jeddah where a branch of SBI is proposed.

·         Bahrain - Capital Bahrain, SBI has two branches - one FCB and another OBU.

·         Kuwait- Capital Kuwait - No branch of SBI.

·         Qatar - Capital Doha - SBI manages an exchange company here - Trust Exchange

·         Oman - Capital Muscat - SBI has a branch here and also manages an exchange company - Mustafa Sultan Exchange.

·         UAE - Capital Abu Dhabi. SBI has an office in Dubai operating out of Dubai International Financial Centre and SBI team is placed at Emirates India International Exchange.

This is apart from tie up with various other Exchange Companies.

UAE consists of 6 different emirates (similar to our states) - Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah and Um Al Qwain. One Business Development Manager is place at Dubai and another at Sharjah.

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