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 Additionally, it touches on market dynamics following the Khashoggi incident and historical references to Boris Yeltsin.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 are the expectations for continued investment in the Middle East according to Citigroup vice Chair Ray McGuire?

What does Ray McGuire suggest about the activity in the Middle East?

What is the significance of the potential $2 trillion IPO mentioned in the text?

How do big banks view the deals happening in the Middle East?

What historical event does Ray McGuire reference when discussing the time taken for investment activities to resume?