The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

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

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 hour’s flight from Kuwait, it benefited from the relative difficulty of accessing those far bigger markets directly, and acted as a convenient and well-regulated hub for those wanting to do business in or with the region.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree