Consultants in the Gulf Are Doing Just Fine - Bloomberg:
"It’s a great time to be a consultant in the Gulf Cooperation Council. Less so for bankers.
Demand for consultants and consultancy firms in the region was much stronger than expected in the first quarter and is set to stay that way for the remainder of the year, according to recruiter Morgan McKinley. By contrast, hiring by banks slumped 60 percent in the three months through March and isn’t likely to improve by December, it said.
"If you’re a consultant, business is booming," Trefor Murphy, managing director of Morgan McKinley in the Middle East and North Africa, said in an interview. "There’s huge demand in places like Saudi Arabia and the United Arab Emirates as they transform their economies. Many bankers, on the other hand, will be struggling to hold down their job.""
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