Green shoots emerging in arid Qatar

If there is anywhere in the global economy where green shoots are emerging, it is in the parched desert around Doha, the capital of gas-rich Qatar.

After a pause of a few months over the New Year, Doha-based bankers say the financial services sector in the emirate is roaring back to life, providing opportunities for regional institutions.

Credit Suisse, for one, has let go underperforming staff but has been increasing its net number of bankers through the downturn.