That has brought pain to the trading hub of Dubai, just across the gulf.
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Investors in the country's financial and gold trading hub, Mumbai, may offload 1.5 metric tons daily, he predicted.
Other moves include setting up a yuan trading hub in Hong Kong and a loosening of some limits involving the bond market.
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Yeandle said that many respondents felt finance is so global that a linked trading hub is required in each main time zone.
The troops have gained ground in Mogadishu in the past few months, having cleared the Shabab out of the Bakara market, the capital's main trading hub.
In the late 1990s the pair cofounded Shree Renuka Sugars in Belgaum, a trading hub near the border of Karnataka and Maharashtra, the country's top sugarcane-producing states.
Split into two sections, "Philippines: An Archipelago of Exchange" explores both the archipelago's diverse Austronesian roots in its mountainous regions and its rich maritime history as a Pacific trading hub.
The free port, projected to take up almost 900, 000 square feet, is a tax-exempt storage facility that its planners hope will become a trading hub for art and other collectibles.
Kashgar, they say, is to become a trading hub and manufacturing centre that will tap markets in South and Central Asia and even Europe with a web of new roads and railways.
Now we have planning permission, we can look forward to the area becoming a trading hub which will lead to employment prospects and business opportunities for people in the UK, Europe and world-wide.
Dubai welcomes business from China to set up here and take advantage of its role as a regional trading and commercial hub, His Excellency Mohammed Al Shaibani, CEO of the Investment Corporation of Dubai, said at press conference ahead of the opening of the Forbes Global CEO Conference today.
Brussels Airport is a gateway for diamonds and gold coming in and out of Antwerp, a world hub for trading in gems and precious metals.
Dilmun, one of most important ancient civilisations of the region and said to date to the third millennium BC, was a hub on a major trading route between Mesopotamia - the world's oldest civilisation - and the Indus Valley in South Asia.
London became a hub in areas such as fund management and derivatives trading.
But London is growing faster than other financial centers, such as Singapore, as a hub for offshore yuan payments, including payments for currency trading, imports and exports, and dim-sum-bond settlements.
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