With recovery among the economies of the Gulf seemingly assured, it may be time to accept the resumption of some degree of normality in this increasingly prosperous region. Conceivably, the GCC states can view the critical period as having passed, and concentrate on the infrastructural issues to be undertaken.
Building a financial sector worthy of global attention became a preoccupation around the capitals of the region many years ago. By the mid-1990s the talk was of Dubai rising and rivalling Bahrain as an international hub, indeed drawing some business away.
The idea followed of a collection of niche centres, while many observers have recommended the merits of consolidation.
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