Will never hear of this in our MSM, only why the Swiss bankers are rushing to Asia (and S’pore).
Geneva, which became a refuge in the 1960s for Egyptian cotton merchants fleeing President Gamal Abdel Nasser, developed as a Middle East banking center after King Fahd constructed a palace in the lakeside suburb of Collonge-Bellerive, where he held councils on summer evenings
Middle East has an estimated US$4.5 trillion of private wealth.
Too bad abt the investment banks though http://dealbook.nytimes.com/2012/05/24/in-the-persian-gulf-struggling-to-adapt-as-deals-dry-up/?src=dlbksb
