| Most convincing and coherent strategy | Equity research |
| Credit | Economics |
| Strategy | Methodology |
The fact that much of the emerging market equity action in the next couple of years is likely to be in the Middle East has not escaped the attention of the world’s biggest banks, which are switching resources to the region partly to make up for the decline of deals in western markets thanks to the credit crunch. Swiss bank UBS will open an equity research office in Dubai at the end of August to cover stocks in the Gulf region as part of an expansion in the Middle East.
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