Dubai soars to no. 8 among global financial powerhouses.

PositionUnited Arab Emirates

Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to No. 8 position, representing its highest ever ranking. The city is the only financial centre within MEASA to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, Hong Kong and Singapore. Dubai was most recently placed number 12 within the index in March 2019 and has consistently risen within the rankings, since the index was launched 12 years ago.

Dubai has moved up 17 places since first appearing in 25th place in the inaugural report in 2007, and the latest placement represents an increase of seven GFCI rating points compared to March 2019. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC, said: "The city's steady ascent in rankings has been driven by DIFC's remarkable success in building an ecosystem that fosters financial industry growth.

DIFC is one of the key initiatives at the forefront of Dubai's new phase of growth and its efforts to create a business and investment environment that rivals the world's best. In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime...

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