Investcorp has just announced the hiring of Mr. Mohammed Al Shroogi (Bahraini), a Citigroup veteran.
It’s about time that Investcorp ends its abhorring policy of not hiring Bahrainis in the front office desk. Have a look at Investcorp site and you will notice the absence of any Bahraini investment professional. Sources indicate that it had always been Investcorp’s policy not to hire Bahrainis, even if talent is available. But it might be argued that Investcorp’s investments are in Europe & US, and thus local talent would be more appropriate. Such an argument could have been valid, however, if Investcorp hired Bahrainis when it launched Gulf (GCC) Growth Capital few years ago.
It’s unfair that Investcorp benefits from Bahrain’s tax-free environment, and geographical proximity to cash-rich regions, but it yet refuses arrogantly to provide further training to talented Bahrainis.
Tuesday 23 June 2009
The Best MBA Degree is Chinese?
GDN 23 June 2009, P.15:
“THE University College of Bahrain (UCB) has signed an agreement to set up a student exchange programme with the Hong Kong University of Science and Technology (HKUST). It is the only institution in the Gulf to have such a scheme with the prestigious university, whose MBA degree is rated by London’s Financial Times as the best in the world and it’s Business School as the best in Asia.”
What a bold statement to make. The best MBA degree in the world? Better than Harvard, MIT, Stanford? Something must be wrong. The top ten global ranking MBA degrees by Financial Times:
Wharton
LBS
Harvard
Columbia
Insead
Stanford
IE
Ceibs
MIT
Stern
Source: http://rankings.ft.com/businessschoolrankings/global-mba-rankings
It’s not even the top Asian MBA degree. That honor goes to Ceibs of China. Hong Kong University of Science and Technology is actually ranked 16. With a five minutes research through Google or Bing, GDN could have prevented such error. Nobody knows what other errors these newspapers are feeding us …
“THE University College of Bahrain (UCB) has signed an agreement to set up a student exchange programme with the Hong Kong University of Science and Technology (HKUST). It is the only institution in the Gulf to have such a scheme with the prestigious university, whose MBA degree is rated by London’s Financial Times as the best in the world and it’s Business School as the best in Asia.”
What a bold statement to make. The best MBA degree in the world? Better than Harvard, MIT, Stanford? Something must be wrong. The top ten global ranking MBA degrees by Financial Times:
Wharton
LBS
Harvard
Columbia
Insead
Stanford
IE
Ceibs
MIT
Stern
Source: http://rankings.ft.com/businessschoolrankings/global-mba-rankings
It’s not even the top Asian MBA degree. That honor goes to Ceibs of China. Hong Kong University of Science and Technology is actually ranked 16. With a five minutes research through Google or Bing, GDN could have prevented such error. Nobody knows what other errors these newspapers are feeding us …
Thursday 4 June 2009
Instead of setting an example …
Abu Dhabi's International Petroleum Investment, chaired by Sh. Mansoor bin Zayed Al Nahyan, decided to sell its 1.3 billion shares of Barclays. The Company almost doubled its last year’s investment. Whether it’s due to luck or skill, I’ll leave it up to you.
But why would an oil company invest in a financial institution? Did it manage to get any energy deals from Barclays during its investment? Nope. More or else, it was an exercise in bragging rights. The owners of the AD Intl Petroleum Investment, the government of Abu Dhabi, failed to stop what could have been a disastrous investment at the expense of the Emiratis, just to satisfy some select upper classes.
But why would an oil company invest in a financial institution? Did it manage to get any energy deals from Barclays during its investment? Nope. More or else, it was an exercise in bragging rights. The owners of the AD Intl Petroleum Investment, the government of Abu Dhabi, failed to stop what could have been a disastrous investment at the expense of the Emiratis, just to satisfy some select upper classes.
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