Dubai needs to update finance laws to compete | The National:
"Dubai must overhaul its legal framework and issue more debt if it is to compete with the conventional and Islamic capital markets of its foreign rivals, according to a study from Deloitte and the Dubai Economic Council.
This is just the latest call for Dubai to issue new regulations in order to develop its capital markets.
The IMF and the industry body the Islamic Financial Services Board have both said that the UAE needs to update its regulatory environment to help the growth of its domestic Islamic finance industry."
'via Blog this'
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