Wall Street’s Moelis bets big on the Middle East


Dubai International Financial Centre.Photographer: Natalie Naccache/Bloomberg

DUBAI: In a low-key second-floor office in the heart of Dubai’s financial centre, bankers working for Moelis and Co are busier than ever – so much so that the firm has had to tear down walls to add desks for its expansion drive.

In the otherwise stark workplace, shelves are covered with Lucite deal tombstones featuring equity offerings and deals by Middle Eastern companies, from Saudi Arabia’s petroleum behemoth Aramco to Abu Dhabi National Oil Co.

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