As the good times start returning to the Middle East, Neil Hodge discovers local law firms are benefiting from restrictions on international firms in the region...
November 28, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
As the good times start returning to the Middle East, Neil Hodge discovers local law firms are benefiting from restrictions on international firms in the region
Despite its reputation for oil and wealth, the Middle East saw its regional economy take a tumble following its exposure to the global financial crisis that started in 2008, and the political upheaval caused by the Arab Spring since December 2010. Infrastructure projects slowed as foreign investment fled, and real estate prices dived.
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