The CEO of Barclays, C.S. Venkatakrishnan, confirmed that the appeal of the UAE and the strength of the Saudi economy will remain key factors supporting the confidence of global financial institutions in the region's markets, despite geopolitical tensions. Venkatakrishnan stated: "The appeal of the UAE and the strength of the Saudi economy will remain strong," indicating the continued interest of global banks in the region as a primary center for growth and capital raising. This trend is part of a broader wave among top executives at global banks who have renewed their commitment to the region due to its increasing importance as a source of revenue and funding. He also noted that large expected IPOs for companies like SpaceX and OpenAI will not be significantly affected by the current turmoil, explaining: "It may affect the timing, whether this week or a month from now, but these are exceptional companies that have offered a real and important product to the global economy, and the capital they will receive from the IPO will be of great importance".
