Private equity firms hiring again

Private equity firms in the UAE are looking for staff again, albeit at reduced salaries, report Sara Hamdan and Sarmad Khan in The National. Good news for out-of-work financial pros in the UAE? Hard to say it's not, but the reduced salaries thing stings a bit (unless you're not working in finance, in which case it's pure schadenfreude). Interestingly, the hiring trend seems to be confined mostly to PE firms sniffing out cheap assets:

PE firms "are the ones with the cash; the portfolios they are targeting are very reasonably priced," the article quotes Jack Montgomery, a senior consultant at Stanton Chase International, as saying. "They can afford to be more aggressive in hiring talent in order to get the deals they want to get."