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Foreign exchange survey 2010

Foreign exchange survey 2010

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Country risk 2010:

Country risk 2010:

Bi-annual Country risk survey monitoring political and economic stability of 186 countries

August 2008

Dubai, Bahrain and Qatar: Three hubs to serve a thriving market

by Chris Wright

Dubai, Bahrain and Qatar are vying to be the Gulf’s financial hub and the battle is by no means over, with each centre adopting a very different approach.




Asset management in the GCC: A market worth watching
A compelling opportunity for asset managers
On the ground or in the air?
Saudi strategy: going it alone or finding a partner?
Three hubs to serve a thriving market
Distribution holds the key
Fixed income, equity, local and international assets – a demand for all
Shariah-compliant market tests perceptions

It has long been accepted that the Gulf needs a financial hub. It’s an increasingly important market on a world scale, oil and sovereign wealth make it more relevant than ever, and it fits naturally within the European and Asian trading blocs. But the Gulf has not one potential hub, but three.

For 30 years this was Bahrain’s unquestioned role. "When I worked in Bahrain in 1982 there was no question it was the centre of finance in the Middle East," recalls Daniel Smaller of Algebra Capital. Linked to Saudi Arabia by a causeway, and barely an...


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