There's a lot of oil-driven money to be put to work, and Goldman Sachs and Morgan Stanley are bent on cashing in. According to the Financial Times, both set up shop in Dubai just a few months ago, yet they have already overtaken the likes of HSBC and Credit Suisse, which have been there much longer. It seems that local clients are drawn to the international brands, and Goldman and Morgan both offer a full slate of services. They're the big boys. And they know how to market. Most assume that Gulf countries want to invest abroad and are eager make their move now. We'll see how this pans out.  

For more:
- here's the Financial Times article