Even its regional rivals recognise the attractions of the UAE as a financial centre.
In last year's Global Financial Centres Index, sponsored by the Qatar Financial Centres Authority, Dubai was the highest-ranking centre in the GCC area, with Abu Dhabi also scoring well.
Many financial professionals from Bahrain and Saudi Arabia in particular have paid the UAE the highest compliment as a place to do business by moving their operations here or opening large regional offices in the Emirates.
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