GF
Sector: Credit
Pay pain for banks in the GCC
Pay in the Middle East is spiralling. It now makes up almost 60% of banks’ operating costs. A survey by consultancy Hewitt Associates suggests salaries in Oman and Qatar lead the way when it comes to eating into banks’ profits. But pay across the Middle East banking sector is becoming a problem – particularly when [...]
Are Arabs from Venus and Westerners from Mars?
There’s no shortage of Western bankers in Dubai. But culturally, are Arabs and Westerners planets apart? Maybe – Kwintessential, a consultancy which specializes in such things, says Arabs tend to be more tactile than Western businessmen: “Be prepared to be held, touched, kissed and felt. Recoiling from such behavior would seem cold.” On the other [...]
Is it still a man’s world?
Are more women in the Gulf breaking into top-level positions in financial services, or is it still a male-dominated industry? Figures from the US Equal Opportunity Commission paint a cosmopolitan picture of the industry state-side. In the banking/credit arena, women make up 48.6% of the workforce, whereas in the securities market – the sector with [...]
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 [...]
Credit agencies arrive in the Gulf, but don’t bring jobs
Credit rating agencies are setting up offices in Dubai – but don’t expect them to start snapping up finance professionals just yet. Moody’s Investor Service has followed rival Fitch Ratings to establish a presence in the Dubai International Financial Centre. Moody’s will use its new office as a Middle East base to cover debt issuers [...]
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