By Staff Reporter
Dubai Rises as Global Financial Powerhouse, Secures Top FinTech Spot
Dubai’s ascent as a global financial leader has been reaffirmed in the latest Global Financial Centres Index (GFCI) rankings, published by Z/Yen in London.
Driven by Dubai International Financial Centre’s (DIFC) achievements over the past two decades, the emirate now ranks among the world’s top five cities for FinTech and is the most mentioned financial hub expected to gain further significance.
Dubai stands as one of only eight cities worldwide recognized for its ‘broad and deep’ capabilities across all financial sectors, alongside London, New York, and Paris. The emirate climbed to 12th place overall in the GFCI rankings, reinforcing its position as the leading financial hub in the Middle East. It also secured top 15 spots in key global competitiveness categories, including infrastructure (9th), business environment (10th), reputation (11th), and human capital (12th).
His Excellency Essa Kazim, Governor of DIFC, remarked:
“Dubai’s emergence as a top-five global FinTech hub for the first time is a testament to our continuous commitment to innovation and excellence.”
Arif Amiri, CEO of DIFC Authority, added:
“Dubai’s recognition as a top performer in key sectors underscores the breadth and depth of our financial capabilities, ensuring the city remains at the forefront of global finance.”
With strategic initiatives fostering regulatory excellence, talent development, and innovation, Dubai continues to solidify its role as a powerhouse in global finance, paving the way for further economic growth.
News Source: Dubai Media Office
