The Growing Influence of The Gulf as a Global Financial Centre

The Growing Influence of The Gulf as a Global Financial Centre

jedda

…. The GCC is well positioned to act as a key hub in global financial markets, serving the wider Asia-MENA region. To enable the GCC to leverage its position, an important development would be the creation of a larger, deeper debt market, whether based on Western-style bonds or the Sharia model, building on the region’s strength in Islamic finance.

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One response to “The Growing Influence of The Gulf as a Global Financial Centre

  1. It should rather be the Sharia based model. I always felt that the GCC wealthy countries are not doing enough to promote Islamic banking, at least outside of the GCC corridor.

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