| Middle East research poll: Boom attracts big research players | |
| Most convincing and coherent strategy | Equity research |
| Credit | Economics |
| Strategy | Methodology |
| Agriculture and food | |||
| 2008 | 2007 | Bank | Score |
| 1 | 3 | Shuaa Capital | 267 |
| 2 | 1 | EFG Hermes | 258 |
| 3 | 2 | Global Investment House | 188 |
| 4 | 9 | Merrill Lynch | 144 |
| 5 | 6= | HSBC Saudi Arabia | 135 |
| 6 | 6= | Credit Suisse | 123 |
| 7 | 12 | National Bank of Kuwait | 104 |
| 8 | 4 | Citigroup | 74 |
| 9 | 11 | Audi Saradar Group | 70 |
| Banking and finance | |||
| 2008 | 2007 | Bank | Score |
| 1 | 1 | EFG Hermes | 1091 |
| 2 | 3 | Shuaa Capital | 918 |
| 3 | 2 | Global Investment House | 820 |
| 4 | 6 | HSBC Saudi Arabia | 518 |
| 5 | NBK Capital | 509 | |
| 6 | 12 | Merrill Lynch | 461 |
| 7 | 7 | Citigroup | 405 |
| 8 | 8 | Credit Suisse | 373 |
| 9 | Markaz | 348 | |
| 10 | Sico Bahrain | 292 | |
| Cement | |||
| 2008 | 2007 | Bank | Score |
| 1 | 2 | EFG Hermes | 444 |
| 2 | 1 | Global Investment House | 259 |
| 3 | 12 | HSBC Saudi Arabia | 246 |
| 4 | 8 | Merrill Lynch | 199 |
| 5 | Beltone Financial | 180 | |
| 6 | 3 | HC Investment Bank | 124 |
| 7 | 6 | Citigroup | 118 |
| 8 | 11 | The National Investor | 93 |
| 9 | Sico Bahrain | 58 | |
| 10 | NBK Capital | 39 | |
| Industrial | |||
| 2008 | 2007 | Bank | Score |
| 1 | 3 | Shuaa Capital | 495 |
| 2 | 1 | EFG Hermes | 439 |
| 3 | 7 | HSBC Saudi Arabia | 380 |
| 4 | 2 | Global Investment House | 275 |
| 5 | 4 | Citigroup | 177 |
| 6 | 12 | Merrill Lynch | 149 |
| 7 | Beltone Financial | 143 | |
| 8 | 8 | HC Investment Bank | 123 |
| 9 | 14 | Abu Dhabi Commercial Bank | 92 |
| 10 | 11 | National Bank of Kuwait | 80 |
| Leisure and tourism | |||
| 2008 | 2007 | Bank | Score |
| 1 | 2 | EFG Hermes | 303 |
| 2 | 1 | Global Investment House | 172 |
| 3 | 12 | HSBC Saudi Arabia | 152 |
| 4 | 8 | Citigroup | 106 |
| 5 | 16 | Deutsche Bank | 105 |
| 6 | Beltone Financial | 102 | |
| 7 | 6 | Merrill Lynch | 95 |
| 8 | 11 | Credit Suisse | 84 |
| Oil and natural gas | |||
| 2008 | 2007 | Bank | Score |
| 1 | 1 | Global Investment House | 277 |
| 2 | 7 | HSBC Saudi Arabia | 275 |
| 3 | 2 | EFG Hermes | 263 |
| 4 | Kuwait Financial Centre ‘Markaz’ | 193 | |
| 5= | 5 | Credit Suisse | 169 |
| 5= | 14= | National Bank of Kuwait | 169 |
| 7 | 13 | Merrill Lynch | 168 |
| 8 | 9 | Abraaj Capital | 157 |
| 9 | 4 | Citigroup | 145 |
| 10 | 16 | The National Investor | 80 |
| Pharmaceuticals | |||
| 2008 | 2007 | Bank | Score |
| 1 | 1 | EFG Hermes | 111 |
| 2 | 3 | Global Investment House | 56 |
| 3 | 9 | Merrill Lynch | 54 |
| Real estate | |||
| 2008 | 2007 | Bank | Score |
| 1 | 1 | EFG Hermes | 644 |
| 2 | 3 | Shuaa Capital | 614 |
| 3 | 2 | Global Investment House | 538 |
| 4 | 10 | HSBC Saudi Arabia | 486 |
| 5 | 14 | Merrill Lynch | 328 |
| 6 | Kuwait Financial Centre ‘Markaz’ | 278 | |
| 7 | 4 | Deutsche Bank | 225 |
| 8 | 6 | Citigroup | 220 |
| 9 | 9 | Credit Suisse | 147 |
| 10 | 5 | HC Investment Bank | 137 |
| Retail | |||
| 2008 | 2007 | Bank | Score |
| 1 | 3 | Shuaa Capital | 227 |
| 2 | 2 | EFG Hermes | 157 |
| 3 | 9 | Citigroup | 126 |
| 4 | 1 | Global Investment House | 117 |
| 5 | 14 | Atlas Investment Group/Arab Bank | 100 |
| 6 | 5 | Merrill Lynch | 84 |
| 7 | 12 | Credit Suisse | 82 |
| 8 | 13 | HSBC Saudi Arabia | 77 |
| Telecoms | |||
| 2008 | 2007 | Bank | Score |
| 1 | 1 | EFG Hermes | 559 |
| 2 | 5 | Shuaa Capital | 479 |
| 3 | 6 | HSBC Saudi Arabia | 346 |
| 4 | 2 | Global Investment House | 330 |
| 5 | 7 | Credit Suisse | 268 |
| 6 | 10 | Merrill Lynch | 217 |
| 7 | 9 | Deutsche Bank | 200 |
| 8 | Sico Bahrain | 193 | |
| 9 | NBK Capital | 153 | |
| 10 | 3 | HC Investment Bank | 99 |
| Transport and logistics | |||
| 2008 | 2007 | Bank | Score |
| 1 | 2 | Shuaa Capital | 280 |
| 2 | 1 | Global Investment House | 279 |
| 3 | 3 | EFG Hermes | 209 |
| 4 | NBK Capital | 148 | |
| 5 | 7 | Deutsche Bank | 136 |
| 6 | 14= | Merrill Lynch | 110 |
| 7 | 4 | HSBC Saudi Arabia | 83 |
| 8 | Sico Bahrain — Team | 82 | |
| 9 | 5 | Citigroup — Team | 73 |
| 10 | 8 | Credit Suisse — Team | 44 |
