Securing the World Cup was just the beginning. Qatar is fast becoming the Middle Eastern flagship for social, financial and cultural development and a new banking hotspot.
Qatar’s booming economy and appetite for developing non-oil sectors has attracted the international spotlight, especially in light of looming regulatory changes in the United Arab Emirates, according to Guardian Wealth Management.
David Russell, chief executive officer of GWM Qatar LLC, said: “Upcoming regulatory changes to the investment fund sector in the UAE have understandably made businesses nervous. Those seeking to make the most of more tax-efficient financial hubs expect to benefit from a lucid and uncomplicated system, which Qatar currently offers."
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