Eurex expects to have its 'hub' operational in Dubai within the next couple of months. http://www.eurexchange.com/about/press/press_507_en.html Cheers.
Ongoing Dubai thread here... http://www.elitetrader.com/vb/showthread.php?s=&postid=1407567#post1407567 Itraxx europe credit futures just started trading today on eurex - could be interesting