The photo has been used for illustration purposes.
Ahmed Al Bashir, Journalist
Dubai ranked first regionally and 17th globally in the Global Financial Centers Index, published by the British “ZYN” Foundation and the Chinese Development Institute, an indicator that measures the performance of 111 centers around the world, while Abu Dhabi ranked second in the middle and 33 in the world.
Dubai scored 714 points on the general index, surpassing Paris, Washington, DC, Chicago, Amsterdam, Vancouver, Hamburg, Seoul and others. Abu Dhabi scored 681 points, overtaking prestigious financial centers such as Osaka, Kuala Lumpur, Vienna and Stuttgart.
New York leads the table, followed by London in second place and Shanghai in third place.
The classification of financial centers depends on a set of basic factors to measure their competitiveness, including the business environment, human capital, infrastructure, the extent of financial sector development and reputation.
The report states that the Dubai International Financial Center is one of the most advanced financial centers in the world and a leader in the Middle East, Africa and South Asia, in addition to being the largest financial ecosystem in the world. region, with 24,000 specialists in 2,300 active companies.
The report adds that the global Abu Dhabi market plays a central role in diversifying the components of the UAE economy and is committed to providing a comprehensive business ecosystem with the highest standards of integrity and transparency. , in addition to being renowned for its ease of doing. Business.
Abu Dhabi’s global market is a link between developing economies in the Middle East, Africa, South Asia and the rest of the world.