A former Royal Bank of Scotland executive has been recruited by ministers to boost trade with the Middle East. Simon Penney will start work as the UK’s trade commissioner in the region this summer, having previously led the bank’s Middle East and Africa operation. The appointment was confirmed as Liam Fox, the trade secretary, toured the region. As Britain prepares to depart the European Union and assume control of its trade policy for the first time in four decades, Dr Fox believes the opportunity for UK companies to trade with the Middle East has never been greater. Mr Penney, the sixth trade…

Source: The Times May 27, 2018 23:03 UTC