Globally, the hedge fund industry is worth trillions of dollars, but up until very recently the Middle East has not had the regulatory framework in place to deal with hedge funds. This has all changed during the course of 2006 which has seen the implementation of a new law by the Dubai International Financial Centre (DIFC) that puts in place the regulatory and legal environment that will enable the funds industry to establish and grow in the Gulf region.
A major factor involved in leading to
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