Cash management is growing more sophisticated as the Middle East develops, although different countries are moving at significantly different speeds.
The disparate payments environment is challenging, but the move to greater standardisation and electronic clearing will eventually create market efficiencies; the introduction of a single currency, if adopted, will also act as a driver towards standardisation and modernisation.
For an effective regional cash management strategy, corporate treasurers should undertake a thorough review of their practices within each country along with the implementation of an overlay solution.
