Reconciling hedge funds with the Qu'ran
confusing and segmented local regulations make the gulf an awkward area for hedge funds to do business, but centres such as dubai are establishing themselves as regional financial hubs
Local insight is key to success in selling fund products into the Middle East, according to legal experts, for providers intending to add local distribution to tapping the region's wealthy via Geneva.
Richard Stewart from lawyers Bryan Cave in London, says local knowledge is crucial as some royal regulations regarding funds have been instituted due to past problems or scandals not immediately visible to new hands.
"The regulations can be prohibitive and restrictive. You will also find most of the
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