Nevertheless, Bahrain-based recruiter Rory Adamson believes that reform would bring about a measure of common sense to a system that many believe is out of date: “I recently recruited an expat worker - who was already in Saudi - into another bank in the kingdom. In order to sidestep the visa policy, he’s been forced to live in Bahrain for a year and commute to Saudi Arabia.”
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Counting Costs »
Analysists warn against major refinancing risks as $25bn worth of bonds reach maturity in the Gulf Cooperation Council next year alone.
Private Equity »
The days of personal relationships are over as the reality sets in after the global crisis and the region’s private equity firms adopt sustainable and realistic models.
Family Misfortunes »
Saudi Arabia’s most high profile legal battle indicates just how dangerous the world’s capital markets remain a decade after Sept. 11, 2001.
