Deloitte eyes Middle Eastern expansion

6 February 2009

1 minute read

Dubai's not dead yet, at least for Deloitte, and it's embarking on a recruitment drive to bolster its Middle Eastern presence across a range of businesses.

The Middle East still has massive growth potential over the long term reckons Deloitte, and it's intending to come good on the promise it made in

September to bolster its team in the region.

At the time, the firm moved six partners from the UK to the desert city to capitalise on the predicted surge in M&A in the region. Obviously, this has yet to happen (in fact, advisory fees have been going down), but Deloitte has plans to expand in other areas.

It still intends to bolster its financial advisory services (M&A, IPO and forensic and dispute advisory services), as well as enterprise resource planning, enterprise risk services, international tax services and its national oil company programme.

Jim Quigley, CEO of Deloitte Touche Tohmatsu, says that in spite of the challenging economic conditions the firm remains "focused on our long-term success and will continue to invest in our people, new products and services".

AUTHORPaul Clarke

aq
aqeel
12 September 2009
I hope that the economy will recover in 1-2 years as if we see that the stock market is going little bit up.
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ec
ecorblet
8 July 2009
In order to be thorough on the recession, it is to be said that the 1929 crisis was finally cured by world war two. This expansion was fueled by high deficits which were cured by the economical expansion.
Relating to this crisis, it would be unwise to be overly optimistic. It is indeed expected to have a return to growth in last quarter of the year but this is also expected to be temporary. There seems to be quite many experts to expect a new slowdown beginning of 2010.
As per my views on this topic, i believe we can expect a long recovery time thanks to the huge deficits created per the various monetary authorities all over the world. In short, we have printed a lot of dollars but somebody will have to pay for the print.
In my view, the real problem comes from state of the economy itself. Where can we find a real source for expansion ?
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ch
cherukuri
6 July 2009
Global slowdown is a process. It takes its own time to blow to boom
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ka
kamran
30 May 2009
The recession period will be over within next few months hopefully INSHAALLAH
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gs
gsbriel123
18 May 2009
I believe the global economy will start to take shape in the next 6month once the various countries implement a proper financial policies to help to face the challengies.
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