Company: Gulf Capital
Our predictions for Middle East financial services hiring in 2010
After the recent turmoil, it’s possible that the coming year could provide something of an acid test for the lofty ambitions of the Middle Eastern financial sector. Here’s our considered opinion on potential hiring activity in 2010. 2010 could be a good year for: Private equity: The huge volume of ‘dry powder’, or non-invested capital, [...]
Too many private equity professionals, not enough jobs
The Gulf’s “golden age” of private equity could be over before it has really begun. Some firms have made redundancies, and those that are hiring are faced with rich pickings of top talent. Investcorp, the Bahrain-based alternative investment and private equity firm, cut staff compensation costs by nearly 50% for the second half of 2008 [...]
Ratings agencies to boost Gulf presence
Keen to work for a credit ratings agency? They’re looking to beef up their Middle Eastern offices to cash in on the boom. Standard and Poor’s is the latest ratings agency to set up shop in the Gulf, following in the footsteps of Moody’s, Fitch and the Islamic International Ratings Agency (IIRA). “Gulf companies are [...]
ECM openings soar in Saudi
As international interest in the Saudi Arabia stock market reaches new highs, demand for ECM professionals in the kingdom is on the up. In spite of the liberalisation of Saudi laws to allow foreign investments in the past couple of years, access to the Tadawul all-share index has traditionally been limited to Saudi and GCC [...]
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