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TOP STORIES |
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1,000 applications to 1 job in the Gulf |
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With
the carnage at investment banks in the West, and the positive PR
machine in the GCC painting a picture of a hiring oasis in the region,
international applicants for M&A and private equity roles have
soared. There's just one problem - hiring is slowing down in the Gulf. |
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Dubai brokers braced for redundancy |
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Brokers
at smaller firms in the UAE are bracing themselves for possible
redundancy as last week's stock market slump left some either facing
bankruptcy or the prospect of being swallowed up by larger rivals. |
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UAE government attempts to paper cracks in banking system |
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With
liquidity locking up and financial recruitment showing signs of
cooling, the UAE government has been quick to ensure the trickle of
pessimism in the markets doesn't turn into a flood. It has implemented
a series of measures designed to shore up confidence in the region's
banking sector. |
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Reality check for Gulf markets after week of turbulence |
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Slumping
equity markets, liquidity injections, a bleaker outlook for domestic
banks and oil prices heading southwards, are signs that the global
financial crisis is beginning to infect the GCC. Does this mean the
frenzied recruitment so far this year could go off the boil? |
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