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The talent’s coming, but is there enough business?

24 July 2008

The GCC is increasingly being viewed as a safe haven and a hub of opportunity for international investment firms, but could the bankers flocking to the region be twiddling their thumbs for the time being?

The figures so far this year are a little disappointing. International investment banks pulled in just $366m in revenue in the first half of 2008, according to data from Dealogic.

And initial public offerings, tipped to boom in 2008, is still below the $631m raised in the first half of 2007.

So, is the best yet to come? Are there other areas of financial services where the pace is decidedly frantic? Or could the new arrivals struggle to make their mark? Your thoughts please…

Comments (2)

I think the thing people are forgetting, and something that's not being publicised, is that it's very much out with the old and in with the new, so it's silly to suggest they're are too many people!

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Comments (2)

  • I think the thing people are forgetting, and something that's not being publicised, is that it's very much out with the old and in with the new, so it's silly to suggest they're are too many people!

    Hitz 25 Jul 2008

    RECOMMEND Recommended 0 times | Alert Moderator

  • The point to remember is that the Gulf is still an emerging market and while it's wise to get people over here, you shouldn't expect massive amounts of business straight away. Most are saying five years is a realistic target

    Jeff 25 Jul 2008

    RECOMMEND Recommended 0 times | Alert Moderator

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