For all who believe transparency is the lifeblood of a healthy financial industry, the demise of the investment analyst community in the UAE is a depressing development.
A good investment analyst is one of the most important cogs in the cycle of raising money and spending it wisely that is the raison d'être of financial services, indeed of all business activity. Without them, the process becomes more opaque, confusing and open to abuse.
From a self-interested viewpoint, analysts are also among the best sources a financial journalist can have. They understand the industries and sectors in which they specialise and are usually able to transmit their expert views in a digestible and accessible way. Good analysts' research is vital to good business news.
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