Dubai Secures 12th Place on Global Financial Centre Index
Dubai has secured 12th place in the latest Global Financial Centre Index (GFCI 37), solidifying its position as a leading financial center in the Middle East and Africa region. This is a significant achievement for Dubai, which has been steadily climbing the GFCI rankings in recent years.
The GFCI is a valuable tool for policymakers and investors to assess the competitiveness of financial centers around the world. The index is based on a number of factors, including business environment, financial market development, infrastructure, and human capital.
Dubai’s success in the GFCI is attributed to a number of factors, including its strong regulatory framework, world-class infrastructure, and vibrant business environment. The Dubai International Financial Centre (DIFC) has played a key role in driving Dubai’s financial growth, offering a business-friendly environment and attracting global financial institutions.
Dubai’s rise in the GFCI is a testament to its commitment to becoming a leading global financial hub. The city’s government has implemented a number of initiatives to support the financial sector, such as the Dubai Economic Agenda (D33), which aims to position Dubai as one of the top four financial centers in the world by 2033.
The GFCI 37 is a positive sign for Dubai’s future as a leading global financial center. The city’s strong performance in the index is a testament to its commitment to becoming a world-class financial hub.
In addition to its strong performance in the GFCI, Dubai is also home to a number of other leading financial institutions, including the Dubai Financial Market (DFM) and the Dubai Gold & Commodities Exchange (DGCX). The city is also a major center for Islamic finance, with a number of leading Islamic banks and financial institutions headquartered in Dubai.
Dubai’s success in the GFCI is a positive development for the city and the region. The city’s strong performance in the index is a testament to its commitment to becoming a world-class financial hub.
