The Gulf states: an emerging competitor to the City?

Bahrain, despite its reliance on oil and gas, is rapidly developing as a finance centre, with financial services surpassing the energy sector in 2020. The country’s flexible regulations, modern infrastructure, low taxes, and skilled workforce are attracting investment and talent, potentially posing a threat to established European finance hubs like London. As taxes rise in Europe, the appeal of Bahrain’s zero tax rates and thriving economy may continue to grow, positioning it as a competitive player in the global finance industry.

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