Equity capital markets (ECM) has been teetering on the edge of exploding into action in the Middle East, but now it’s in full flow. ECM professionals are, therefore, increasingly becoming hot property. At least 120 initial public offerings (IPOs) are planned in the GCC through to 2010 as more and more firms turn to equity markets to raise funds for expansion, according to investment bank Gulf Capital. IPO volumes in... Read more
By Madhura Deulgaonkar 31 Jul 2008 - 0 comments
As volumes on the Dubai Gold and Commodities Exchange (DGCX) reach unprecedented levels, banks in the region are desperate to take on commodities experts. Jakob Bloch, managing director, Commodity Appointments, reckons the glut of opportunities is in the gold, metals, oil and freight sectors. “All the major banks have an arm in the Middle East and they have been recruiting people at all levels,” he says. However, a lack of local talent in... Read more
By Madhura Deulgaonkar 23 May 2008 - 1 comment