GCC financial centres: The race for dominance

Ang, Cynthia
July 2010
MiddleEast Insurance Review;Jul2010, p31
Trade Publication
The article explores the competition among financial centres of the Gulf Cooperation Council (GCC). It notes that the financial crisis has intensified the level of competition among financial centres, with Arab states of the Persian Gulf such as Bahrain, Qatar, and Saudi Arabia vying to establish themselves as major centres for insurance, banking and investment activities. The debacle of Dubai to become a world-class financial centre is also highlighted.


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