Research: A local presence is crucial
Most convincing and coherent strategy
| Agriculture and food | |||
| 2009 | 2008 | Bank | Score |
| 1 | 2 | EFG Hermes – Team | 320 |
| 2 | 6 | Credit Suisse – Team | 300 |
| 3 | 1 | Shuaa Capital – Team | 274 |
| 4 | – | NCB Capital – Team | 226 |
| 5 | 5 | HSBC – Team | 217 |
| Banking and finance | |||
| 2009 | 2008 | Bank | Score |
| 1 | 4 | HSBC – Team | 1107 |
| 2 | 1 | EFG Hermes – Team | 1064 |
| 3 | 2 | Shuaa Capital – Team | 949 |
| 4 | 6 | Merrill Lynch – Team | 805 |
| 5 | 8 | Credit Suisse – Team | 795 |
| 6 | 5 | NBK Capital – Team | 670 |
| 7 | 7 | Citi – Team | 646 |
| 8 | 12= | Deutsche Bank – Team | 584 |
| 9 | 3 | Global Investment House – Kuwait – Team | 568 |
| 10 | 9 | Markaz – Team | 468 |
| Cement | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | EFG Hermes – Team | 415 |
| 2 | 2 | Global Investment House – Kuwait – Team | 369 |
| 3 | – | NCB Capital – Team | 343 |
| 4 | – | Credit Suisse – Team | 282 |
| 5 | 5 | Beltone Financial – Team | 238 |
| Industrial | |||
| 2009 | 2008 | Bank | Score |
| 1 | 2 | EFG Hermes – Team | 596 |
| 2 | 3 | HSBC – Team | 500 |
| 3 | 1 | Shuaa Capital – Team | 374 |
| 4 | 7 | Beltone Financial – Team | 328 |
| 5 | 11= | Credit Suisse – Team | 308 |
| 6 | 5 | Citi – Team | 304 |
| 7 | 6 | Merrill Lynch – Team | 288 |
| 8 | 10 | National Bank of Kuwait – Team | 280 |
| 9 | 4 | Global Investment House – Kuwait – Team | 251 |
| 10 | – | Nomura Bahrain – Team | 197 |
| Leisure and tourism | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | EFG Hermes – Team | 315 |
| 2 | 3 | HSBC – Team | 226 |
| 3 | 8 | Credit Suisse – Team | 208 |
| 4 | 6 | Beltone Financial – Team | 147 |
| 5 | 2 | Global Investment House – Kuwait – Team | 121 |
| Oil and natural gas | |||
| 2009 | 2008 | Bank | Score |
| 1 | 2 | HSBC – Team | 629 |
| 2 | 3 | EFG Hermes – Team | 525 |
| 3 | 7 | Merrill Lynch – Team | 412 |
| 4 | 5= | Credit Suisse – Team | 406 |
| 5 | 9 | Citi – Team | 337 |
| 6 | – | Nomura Bahrain – Team | 207 |
| 7 | 5= | National Bank of Kuwait – Team | 179 |
| 8 | – | NCB Capital – Team | 151 |
| 9 | 1 | Global Investment House – Kuwait – Team | 150 |
| 10 | – | Beltone Financial – Team | 147 |
| Pharmaceuticals | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | EFG Hermes – Team | 277 |
| 2 | – | Citi – Team | 216 |
| 3 | – | Beltone Financial – Team | 180 |
| 4 | 2 | Global Investment House – Kuwait – Team | 153 |
| 5 | 3 | Merrill Lynch – Team | 125 |
| Real estate | |||
| 2009 | 2008 | Bank | Score |
| 1 | 4 | HSBC – Team | 734 |
| 2 | 1 | EFG Hermes – Team | 705 |
| 3 | 2 | Shuaa Capital – Team | 553 |
| 4 | 9 | Credit Suisse – Team | 440 |
| 5 | 8 | Citi – Team | 364 |
| 6 | 5 | Merrill Lynch – Team | 276 |
| 7 | 7 | Deutsche Bank – Team | 268 |
| 8 | – | Nomura Bahrain – Team | 254 |
| 9 | 11 | Beltone Financial – Team | 200 |
| 10 | 3 | Global Investment House – Kuwait – Team | 197 |
| Retail | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | Shuaa Capital – Team | 404 |
| 2 | 2 | EFG Hermes – Team | 376 |
| 3 | 7 | Credit Suisse – Team | 313 |
| 4 | 8 | HSBC – Team | 288 |
| 5 | 3 | Citi – Team | 256 |
| Telecoms | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | EFG Hermes – Team | 754 |
| 2 | 2 | Shuaa Capital – Team | 661 |
| 3 | 5 | Credit Suisse – Team | 552 |
| 4 | 3 | HSBC – Team | 446 |
| 5 | 6 | Merrill Lynch – Team | 435 |
| 6 | 13 | Citi – Team | 369 |
| 7 | 9 | NBK Capital – Team | 293 |
| 8 | 11 | Beltone Financial – Team | 258 |
| 9 | – | CA Cheuvreux – Team | 221 |
| 10 | 4 | Global Investment House – Kuwait – Team | 194 |
| Transport and logistics | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | Shuaa Capital – Team | 348 |
| 2 | 3 | EFG Hermes – Team | 326 |
| 3 | 10 | Credit Suisse – Team | 291 |
| 4 | 9 | Citi – Team | 209 |
| 5 | 7 | HSBC – Team | 172 |
| Credit | |||
| 2009 | 2008 | Bank | Score |
| 1 | 3 | HSBC – Team | 225 |
| 2 | 4 | Merrill Lynch – Team | 163 |
| 3 | 2 | Citi – Team | 127 |
| 4 | 6 | EFG Hermes – Team | 121 |
| 5 | – | Credit Suisse – Team | 107 |
| Economics | |||
| 2009 | 2008 | Bank | Score |
| 1 | 1 | EFG Hermes – Team | 839 |
| 2 | 4 | HSBC – Team | 706 |
| 3 | 11 | Credit Suisse – Team | 486 |
| 4 | 2 | Shuaa Capital – Team | 403 |
| 5 | 9 | Citi – Team | 391 |
| 6 | 5 | Merrill Lynch – Team | 297 |
| 7 | – | Beltone Financial – Team | 295 |
| 8 | 12 | NBK – Team | 290 |
| 9 | 7 | NCB Capital – Team | 287 |
| 10 | 3 | Global Investment House – Kuwait – Team | 278 |
| Strategy | |||
| 2009 | 2008 | Bank | Score |
| 1 | 2 | EFG Hermes – Team | 541 |
| 2 | 4 | HSBC – Team | 497 |
| 3 | 8 | Credit Suisse – Team | 467 |
| 4 | 1 | Shuaa Capital – Team | 402 |
| 5 | 7 | Merrill Lynch – Team | 379 |
| 6 | 9 | Citi – Team | 318 |
| 7 | 5 | Deutsche Bank – Team | 314 |
| 8 | 14 | Beltone Financial – Team | 218 |
| 9 | 11 | Nomura Bahrain – Team | 189 |
| 10 | 10 | NCB Capital – Team | 181 |
