Capital flight to Doha - Zawya.com

The rivalry between the three Financial Hubs in the Gulf is set to become heated following QFC hiring of the ex-head of the DFSA (the Regulator of the Dubai International Financial Centre). The pragmatist say that Bahrain will emerge as the Islamic Banking Centre, Qatar for project financiers and Dubai for asset management and Investment Banking. The skeptics points to an immense fight by the three financial centers for every license and talent.