Credit Suisse is preparing for a push into the Middle East, with services that will allow the Swiss bank’s clients to trade directly on stock exchanges in Dubai and Abu Dhabi for the first time. The move comes despite a slackening of investor interest in the region following a steep decline in the price of oil.

Credit Suisse will start offering so-called direct market access to exchanges in Abu Dhabi and Dubai, as well as Egypt, Turkey and Israel, in the coming weeks. The bank will also provide fund managers with algorithms tailored to those markets.