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But it is not necessary to go as far as Europe to find more active markets. In Links of London Earrings the Saudi Stock Exchange had trading of $404 billion on its market while the Kuwait Stock Exchange had $79 billion. The difference between Dubai, Links of London Necklaces and these other Gulf markets is the ambitions the first three harbour to be regional or even global financial centres. Clearly, however, they have yet to reach their targets. Links of London Rings the size of their banking industries, they also have plenty of ground to make up on markets that they hope one day will be their peers. The combined assets of all the banks in Back To School Chubby Black Pencil Charm amounted to about $764 billion at the end of 2009, with the UAE accounting for the largest share at $414 billion (separate figures are not available for Dubai). In comparison, Singapore's banking sector assets were almost three times larger, at $1.2 trillion. "I don't think you could say that any of them have met their goals," says Simon Williams, chief economist of HSBC Middle East, who rates Dubai as the strongest of the three financial hubs.