KHALEEJ TIMES, Thursday, Sep 13, 2018 | Muharram 3,1440
Dubai among world's top 15 financial centres
Backed by its strong infrastructure, banking and
financial services, Dubai has retained its top ranking in the region in the list
of the world's top financial centres and improved its global ranking by four
According to the Global Financial Centre Index released on Wednesday, Dubai was
ranked 15th worldwide, higher than Paris, Geneva, Los Angeles, Luxembourg and
Vienna, among others.
The improvement in Dubai's rating was backed by its strong infrastructure where
it was ranked eighth worldwide, ahead of San Francisco, Toronto, Frankfurt,
Zurich and Paris. Similarly, the emirate was rated ninth in human capital and
financial sector development, surpassing most of the global financial centres.
In sub-indices, Dubai was rated eighth in banking, ninth in professional
services and 15th in investment management and professional services.
Dubai's improvement in the global rating can be attributed to the consistet
influx of foreign companies into the Dubai International Financial Centre, the
top financial centre in the region, which recently reported that the total
number of active registered companies in the free zone reached 2,003 at the end
of June 2018, up eight per cent from 1,853 as of December 31, 2017.
Abu Dhabi slipped one place to 26th worldwide but recorded improvement in its
rating. The UAE capital was ranked first in global leaders.
According to the Global Financial Centre Index 2018 ranking, Dubai has been
bracketed into 'stable centres', Abu Dhabi into 'dynamic centres' and Doha in