The World's Next Financial Center


What’s the play as Dubai strives to become the world’s financial center? Find out from Fast Money favorite, Jon Najarian.

Dubai is only a 2-hour flight from Pakistan and India explains Jon Najarian. It really has the potential to be a hub.

And it’s interesting to note, he adds, The Dubai International Financial Center is not under the law of the rest of Dubai. It’s under England’s law – which makes companies much more comfortable doing business there than in any other part of the Arab world.

He adds the trade is NASDAQ (NADQ) in part because they are pursuing OMX together with Borse Dubai.

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Trader disclosure: On Dec. 5, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO), (ATVI); Pete Najarian Owns (BSC) Options, (COP) Options, (GOOG) Options, (XMSR) Options, (YHOO) Options, (TSL) Options (EMC) Options, (BIDU) Options, Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (BEAS), (BWS), (CROX), (TSO), (YHOO), (NMX), (NYX), (PLCE); Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MBI); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options; GE Is The Parent Company Of CNBC

Jon Najarian Owns (NDAQ), (NYX), (CME), (NMX)