With a number of trends pushing financial services development in the Middle East, three Gulf states are aiming to attract overseas investment and become the number one financial centre in the region
Bahrain, Dubai and Qatar are engaged in a battle to attract the biggest and best financial companies in the world. Each country has set up special financial areas to attract overseas firms and boost local players, with the aim of becoming the strongest in a region awash with investment capital, but short on home grown products. Additionally, each is developing its own areas of expertise. Assessing the true extent of retail and institutional investment potential in the Middle East is tricky. Statistics are few and far between and fund management flows are not easily collated. Nonetheless, t...
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