首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
If you want to see what it takes to set up an entirely new financial center (and what is best avoided), head for Dubai. This tin
If you want to see what it takes to set up an entirely new financial center (and what is best avoided), head for Dubai. This tin
admin
2012-04-23
31
问题
If you want to see what it takes to set up an entirely new financial center (and what is best avoided), head for Dubai. This tiny, sun-baked patch of sand in the midst of a war-torn and isolated region started with few advantages other than a long tradition as a hub for Middle Eastern trade routes.
But over the past few years Dubal has built a new financial center from nothing. Dozens of the world’s leading financial institutions have opened offices in its new financial district, hoping to grab a portion of the $2 trillion-plus investment from the Gulf. Some say there is more hype than business, but few big firms are willing to risk missing out.
Dealmaking in Dubai centers around The Gate, a cube-shaped structure at the heart of the Dubai International Financial Centre (DIFC). A brainchild of the riding A1-Maktoum family, the DIFC is a tax-free zone for wholesale financial services. Finns licensed for it are not approved to serve the local financial market. The DIFC alms to become the leading wholesale financial centre in the Gulf, offering one-stop shopping for everything from stocks to sukuk (Islamic) bonds, investment banking and insurance. In August the Dubai bourse made a bid for a big stake in OMX, a Scandinavian exchange operator that also sells trading technology to many of the world’s exchanges.
Dubai may have generated the biggest splash thus far, but much of the Gulf region has seen a surge of activity in recent years. Record flows of petrodollars have enabled governments in the area to spend billions on infrastructure projects and development. Personal wealth too is growing rapidly. According to Capgemini and Merrill Lynch, the number of people in the Middle East with more than $1m in financial assets rose by nearly 12% last year, to 300,000.
Qatar, Bahrain and Abu Dhabi also have big aspirations for their financial hubs, though they keep a lower profile than Dubai. They, too, are trying to learn from more established financial centers what they must do to achieve the magic mix of transparent regulation, good infrastructure and low or no taxes. Some of the fiercest competition among them is for talent. Most English-speaking professionals have to be imported.
Each of the Gulf hubs, though, has its own distinct characteristics. Abu Dhabi is trying to present itself as a more cultured, less congested alternative to neighboring Dubai, and is building a huge Guggenheim museum. Energy-rich Qatar is an important hub for infrastructure finance, with ambitions to develop further business in wealth management, private equity, retail banking and insurance. Bahrain is well established in Islamic banking, but it is facing new competition from London, Kuala Lumpur and other hubs that have caught on to Islamic finance. "If you’ve got one string to your bow and suddenly someone takes it away, you’re in trouble," says Stuart Pearce of the Qatar Financial Centre about Bahrain.
Sandi Arabia, by far the biggest economy in the Gulf, is creating a cluster of its own economic zones, including King Abdullah City, which is aimed at foreign investors seeking a presence in the country. Trying to cut down on the number of "suitcase bankers" who fly in from nearby centers rather than live in the country, the Saudis now require firms working with them to have local business licenses. Yet the bulk of the region’s money is still flowing to established financial centers in Europe, America and other parts of Asia.
The financial hubs there offer lessons for aspiring centers in other parts of the developing world. Building the confidence of financial markets takes more than new skyscrapers, tax breaks and incentives. The DIFC, for instance, initially suffered from suspicions of government meddling and from a high turnover among senior executives. Trading on its stock market remains thin, and the government seems unwilling to float its most successful companies there. Making the desert bloom was never easy.
According to the passage, Dubai has built a new financial center
选项
A、because of its innate advantages over other countries.
B、thanks to the $2 trillion-plus investment from the Gulf.
C、from its past tradition as a trade center in the Gulf.
D、for it’s a war-torn and isolated region in the world.
答案
B
解析
题干中的内容在原文第2段第1句出现,通读各选项,可知本题要找原因。该段第2句说到众多金融机构进入迪拜,是为了在海湾两万亿的投资中分得一杯羹,据此可推断这两万亿的投资是迪拜能建成一个新的金融中心的重要原因.因此选B。
转载请注明原文地址:https://kaotiyun.com/show/6xiO777K
0
专业英语八级
相关试题推荐
Therearetwowaysinwhichwecanthinkofliterarytranslation:asreproductionandasrecreation.Ifwethinkoftranslation
Asacontemporaryartist,JimDinehasoftenincorporatedotherpeople’sphotographyintohisabstractworks.But,the68-year-o
TheImportanceofQuestionsFornon-nativespeakersofEnglishwhowanttoparticipateingroupdiscussions,itis’important
TheImportanceofQuestionsFornon-nativespeakersofEnglishwhowanttoparticipateingroupdiscussions,itis’important
WhichofthefollowingisphysicallythelargestnationintheUnitedKingdom?
OncefoundalmostentirelyinthewesternUnitedStatesandinAsia,dinosaurfossilsarenowbeingdiscoveredonallsevencont
窗子许里面人看出去,同时也许外面人看进来,所以在热闹地方住的人要用窗帘儿,替他们的私生活做个保障。晚上访人,只要看窗里有无灯光,就约略可以猜到主人在不在家,不必打开了门再问,好比不等人开口,从眼睛里看出他的心思。关窗的作用等于闭眼。天地间有许多景象是要闭了
你得承认,多媒体不只是一件东西.而是包括许多东西的复杂的组合:硬件、软件和这两者相遇时的界面。不,我们还忘了一件很重要的事情.多媒体还包括你。是的.就是!对于多媒体.你不再县一个被动的观众-株可以控制可以交互作用.可以让它按你的需要去做。这就意味着你可以按
AccordingtoChomsky,aspeaker’sactualutteranceiscalled______
DisappearingActTherehavebeenrumors.There’sbeengossip.AllHollywoodisshockedtolearnthatCalistaFlockhart,star
随机试题
对儿童的表扬或批评应遵循哪些原则?
以下不属于典型良性钙化的是
关于梅毒螺旋体的临床意义,下列说法错误的是A.先天性梅毒系母体苍白亚种螺旋体通过胎盘进入胎儿所致B.先天性梅毒多发生于妊娠3个月之后C.人是梅毒的惟一传染源D.获得性梅毒主要经性接触传播E.获得性梅毒在临床上分为三期
A.冠心病B.风心病C.房间隔缺损D.心肌病E.高血压病属于先天性心脏病的是
骨折的专有体征包括
下列在第一产程期中适宜进行肥皂水灌肠的是
对自动控制的依赖可能会给企业的财务报告带来的重大错报风险有()。
Fromhere,wecanseethebridge______constriction.
AccordingtoagroupcalledtheVoicesFoundation,everyonehasasingingvoiceaswellasa【66】______(speak)voicesomewherein
A、Improveherenergylevel.B、Eatdifferentfoods.C、Changeherideas.D、Exercisealotmore.B请求建议题。女士说不管自己怎样做运动,还是会有疲劳感;男士说如果做
最新回复
(
0
)