Gulf firms in the spotlight as due diligence steps up

Due diligence firms have found rich pickings in the Gulf as wary Western firms seek increased transparency from local players following the global financial crisis. Nardello & Co., which has offices in New York, London and Milan, said the Middle East now accounts for twenty percent of its global revenue.

“Our business has been increasing all over (in MENA) because of the increasing importance of transparency,” Daniel Nardello, principal of Nardello & Co. told Arabian Business. “In the wake of financial crisis people are being more careful before they enter into significant financial partnerships. Our caseload in this region has outstripped elsewhere.”

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Start date: January 25, 2011

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