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Adrian Sender From Precy Dumlao, Opalesque Asia:

The financial free zones, particularly the Dubai International Financial Centre, have opened financial opportunities in the Gulf region because they have attracted almost every major investment bank in the world, according to Adrian Sender who works for Samba Financial Group.

Sender told hedge fund managers in the Gulf region who participated in the latest Opalesque Gulf Roundtable that the turbulence in the region emanating from the Arab Spring appeared to have cemented Dubais role further as the main regional hub.

The Opalesque Gulf Roundtable took place in Abu Dhabi last month and was sponsored by Van Eck Global and Eurex.

"Let me add some more background on my knowledge of the differences between the financial free zone and the onshore regulations. A lot of international firms have actually set up in the Dubai based DIFC, which is regulated by DFSA. I think the DIFC and QFC (based in Doha) have probably the most progressive regulations in the region as they allow for full foreign ownership in a tax free environment together with a strong risk based regulatory framework. Investment banks, family offices and many other firms have set up in these fre......................

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