Hussein Sayed Chief Market Strategist for the Gulf and Middle East region at FXTM
Hussein Sayed Chief Market Strategist for the Gulf and Middle East region at FXTM

REGIONAL FX SNAPSHOT: THE MIDDLE EAST

Hussein Sayed tells us about FX in the Middle East

First Published: e-Forex Magazine 88 / Regional Provider Profile / September 2019

Hussein, please tell us about your professional experience in the region As FXTM’s Chief Market Strategist for the Gulf and Middle East, my role involves detailed analysis into global, emerging and dominant trends in the region. I also anchor the flagship business show on CNBC Arabia, Bursat Al Alam, where I regularly sit down with leading figures across different industries to discuss their insights into global financial developments. With over 17 years of experience in both trading and leading analysis departments, I have seen first-hand how forex has grown in popularity here.  Can you tell us about how the FX industry has developed across the GCC and the background behind that?  Despite a relatively slow start compared to other economic areas, interest in forex trading has accelerated hugely in the ME and GCC over the last decade. The 2008 financial crisis was a major turning point and we can see a steady growth in investor appetite for this asset class from there with year-on-year...continued

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