The global funds industry has long been better at taking money out of Arabian Gulf financial capitals than putting it into them.
Dubai and Doha want that to change. Competition between the two is heating up as they bid to attract big-name fund managers and win top billing as money management hubs.
But attempts to lure the foreign institutions through regulatory improvements and, in the case of Qatar, other commercial carrots have so far yielded few asset-management trophies.
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