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
28
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.
Which of the following is NOT true about Sandi Arabia?
选项
A、It is building a cluster of its own economic zones.
B、It is trying to decrease the number of "suitcase bankers".
C、It is very strict about granting local business licenses.
D、It can’t attract the bulk of the region’s money to flow in.
答案
C
解析
倒数第2段第2句后一分句.require…have…licenses只是说沙特人要求与他们合作的公司必须持有当地经营许可证,并不能体现strict about...,C中的说法无原文支持,故为答案。
转载请注明原文地址:https://kaotiyun.com/show/bxiO777K
0
专业英语八级
相关试题推荐
InfantmortalityintheUnitedStatesishigherthan16othernations,【M1】______with11.5babiesoutof1,000die
OneofShelley’sgreatestpoliticallyricsis______,whichlaterbecamearallyingsongoftheBritishCommunistParty.
IncommunicationonemayshiftfromformalEnglishtoinformalEnglishorfromstandardEnglishtonon-standardEnglish.Thisis
IntheUnitedStates,charterschoolsprovidealternativesto"regular"publicschools.Unlikemostpublicschools,chartersdon
还有一件更显著的事情,要算是牝鸡们的母爱。牝鸡孵化鸡雏的时候,平常是那么驯善的家禽,立刻要变成一些鸷鸟。它们保护自己的幼儿是一刻也不肯懈怠的。两只眼睛好像燃着的两团烈火。脖子时常要竖着向四方倾听。全身的神经好像紧张得要断裂一样。这样加紧的防御,有时还要变为
A、hasdecidedtogiveinB、isnotgoingtogiveinC、hasshownnosignofgivinginD、isreadytocounterattackC
A、hasdecidedtogiveinB、isnotgoingtogiveinC、hasshownnosignofgivinginD、isreadytocounterattackC
Chomsky’s______hypothesisisbasedonhisobservationsthatsomeimportantfactscanneverbeotherwiseexplainedadequatelys
AccordingtoChomsky,slipsofthetongueofanativespeakerareexamplesof______.
随机试题
急性胆囊炎的症状及体征有
治疗带状疱疹的首选药是
A.裂片B.黏冲C.片重差异超限D.松片E.色斑药物易吸湿或颗粒不够干燥会引起()
已知某药物口服给药存在显著的肝脏首过代谢作用,改用肌内注射,药物的药动学特征性变化是
下列项目中,不属于不定期并且全面清查的是()。
某公司拟于5年后一次还清所欠债务100000元,假定银行利息率为10%,5年10%的普通年金终值系数为6.1051,5年10%的普通年金现值系数为3.7908,则应从现在起每年年末等额存入银行的偿债基金为()元。
教师在出考题时将某知识点放在一段新材料中,这是影响问题解决的哪一因素发生了改变?()
根据需要对象不同,其可分为()
根据《中华人民共和国未成年人保护法》的规定,对于违法犯罪的未成年人应实行()。
某国针对一项政策议题的网络民调结果显示,支持者占46%,反对者占54%。而针对投票率的调查则显示,50岁以上中老年人的投票率达到78%,而18~40岁年轻人的投票率仅在43%。因此,此次网络民调的结果并没有反映出真实的民意,支持者的声音被反对者的声音掩盖了
最新回复
(
0
)