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  • What's in Your Malus Envelope?

    Would you be a banker if most of your pay was at risk for three to five years rather than a maximum of one year? UBS just decided to make itself the test case for overhauling incentive pay. Its ne ...

    4 comments

  • LETTER FROM DUBAI: DIFX’s six-day week will give brokers something to do…

    Staff at the DIFX, Dubai's ambitious international stock exchange, were alarmed to be told this week that they will soon move to a six-day week. They already thought they were underpaid for working just five. Turns out the change refers to the opening times of the exchange itself. It's adding Sundays to its Monday-Friday timetable. This is more significant than just buy-five-and-get-one-free. It's part of a much-needed strategy to attract... Read more

    Anonymous 24 Oct 2008 - 0 comments

  • Merrill unveils plans for Gulf expansion

    Blood might be on the floor in Merrill Lynch’s Western operations as the bank prepares to fire thousands in the wake of the Bank of America takeover, but the expansion of its Middle Eastern presence might help to mop up a bit. The bank’s chief executive, John Thain, says that it remains committed to increasing its wealth management, investment banking and sales and trading activities in the GCC, and has... Read more

    By Paul Clarke 22 Oct 2008 - 0 comments

  • Dubai brokers braced for redundancy

    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. The Securities and Commodities Authority (SCA) underlined the severity of last week’s stock market slide, saying that brokerages were required to execute massive selling at losses, which could have been too much for smaller firms. Abdullah... Read more

    By Paul Clarke 16 Oct 2008 - 2 comments

  • Still Buying That Villa / Opus 8 / Tesla Roadster?

    Now that it's that time of year again when you used to salivate about getting paid… is your biggest year-end purchase going to be a tighter belt? Whether on Wall Street or the City, government honc ...

    4 comments

  • Is it better to visit the UAE in october or november to get a first hand feel as to the opportunities.

    Added by Kaizen Trade, Trading - 14 Aug 2008 - 1 comments

    Posted in Interviews and Trading

  • Would you take a passage to India?

    Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region - Swiss rival UBS is also looking to double its Indian headcount and the li ...

    3 comments

  • Where's the Carnage?

    Are investment banks really wielding the knife in as measured a manner as official data indicates? We've often discussed the disconnect between numbers stated in Wall Street layoff announcements, a ...

    1 comment

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

    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 be ...

    2 comments

  • what you mean by Letter of Credit (LC)? Accounting Prepration of Letter of Credit

    Added by Shintoabraha - 09 Jul 2008 - 2 comments

    Posted in Interviews and Trading

  • Would You Botox Your Resume?

    Too much experience can be a career-killer, especially in today's hyper-competitive job market. So is it legitimate to delete your first job or three, in hopes of erasing some telltale age-lines from ...

    12 comments

  • Dubai could benefit from London oil trader exodus

    Regulations affecting oil trading in London could mean more traders flee to the Dubai market, injecting fresh stock into the region’s talent pool. The US regulator is threatening to impose new rules on the UK oil trading market, leading some to predict a mass exodus of traders to the Middle East. Phil Flynn, a trader at Alaron Trading in Chicago, told The Times that over-regulation risks driving the market offshore:... Read more

    By Paul Clarke 20 Jun 2008 - 0 comments

  • Will U.S. Consumers Spend Again?

    Many a pundit has ascribed the economy's erstwhile run-up to enthusiastic consumer spending - and the recent downturn to the U.S. consumer's over-reliance on debt, particularly creative sub-prime mort ...

    1 comment

  • Can Pandit handle it (and should you steer clear of Citi if not)?

    If Meredith Whitney’s right, Citi’s going to the dogs no matter how hard Vikram Pandit tries to bed it down amongst the roses. Whitney says Pandit faces an “impossible feat” in turning Ci ...

    10 comments

  • Is the Gulf massively over-priced?

    Salaries might be on an upward trajectory, but a flailing dollar and spiralling cost of living means life is expensive for many bankers, particularly at a junior level. Job-hopping and a scarc ...

    6 comments

  • Do careers die in Shanghai?

    Forget ‘Shanghai, Dubai, or goodbye’. Is a move to an emerging market really a one-way bet for your career? Banks are busy transferring as many staff as possible away from the stagnant centres ...

    10 comments

  • Seven months and I’m off…

    Jobs are plentiful, talent is scarce, competition is fierce and fickle financial services professionals in the Middle East are now changing jobs every seven months. The skills shortage in financial services in the Middle East is well known and it seems bankers are using this to their advantage – bolting after bonuses and shifting jobs for extra cash or a better position. Speaking at a recent conference, and citing headhunter... Read more

    By Paul Clarke 01 May 2008 - 7 comments

  • Is Dubai the worst place in the world to get fired?

    Losing your job is never nice, but in Dubai it’s a particularly horrible experience – especially if you’re an expat. The root of the horror is that both residency and the right to work for expats working in Dubai’s finance industry are dependent on sponsorship by the employer. If you’re laid off, this goes up in smoke and you have 30 days to leave the country, unless a new employer... Read more

    By Paul Clarke 30 Apr 2008 - 1 comment

  • Death to the washed-out expat?

    Not too long ago, an expat posting was a shortcut to long lunches, cheap domestic service and subsidised school fees. But now that the likes of Dubai, Singapore and Shanghai are the new golden ...

    6 comments

  • 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 ten ...

    8 comments

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