Squaring up for business

Nick Kochan finds Dubai and Bahrain are competing hard for the region’s growing business opportunities.The announcement in April of a new federal law governing Dubai’s embryonic financial centre heralds a battle royal between the Gulf states of Dubai and Bahrain. Dubai is the upstart in the imminent struggle, while Bahrain is more established but there can be no doubting Dubai’s enthusiasm, ambition and ‘can-do’ approach.