Special Correspondent: Dubai has once again emerged as one of the popular destinations for investment as the Global Financial Centres Index 2023 recognised its outstanding performance as a financial hub, which will undoubtedly attract more investors and businesses to the region.
Dubai ranked first in the region and 22nd globally in the Global Financial Centres Index 2023 published by Z/Yen and the China Development Institute. It was at 17th position last year.
GFCI 33Abu Dhabi dropped three positions to 35th in the latest ranking while Tel Aviv retained its 53rd position — securing second and third positions, respectively, in the region.
Casablancs (57) and Doha (64) remained at fourth and fifth in 2023 index ranking.
Johannesburg (69), Cape Town (73), Mauritius climbed 11 positions at 81, Bahrain (82) and Riyadh rose 10 rankings at 88 were among the top 10 financial centres in the Middle East and Africa region.
The GFCI Report is released in March and September every year since 2007. In GFCI 33, 120 financial centres were assessed and New York claimed number one ranking while London and Singapore secured second and third positions, respectively.
Bloomberg: #Dubai ranked first in the region and 22nd globally in the Global Financial Centres Index 2023 published by Z/Yen and the China Development Institute. pic.twitter.com/Wvfi28zm8y
— Dubai Media Office (@DXBMediaOffice) March 24, 2023
Hong Kong ranked fourth globally with an overall rating of 722. San Francisco, Chicago, Boston, and Seoul also entered to the top 10, displacing Paris, Shenzhen, and Beijing.