Dubai has been ranked the world’s leading location for FinTech in the latest Global Financial Centres Index (GFCI), while also placing second globally for professional services and sixth for reputation. The emirate also retained its No. 1 ranking for future potential for the fourth consecutive GFCI report and remains the only financial center in the Middle East, Africa and South Asia region to rank within the global top ten.
Original article: Dubai ranked world No.1 for FinTech and No.2 for professional services by Arabian Business.
Key Insights:
Dubai Leads Global FinTech Ranking
The Global Financial Centres Index is compiled by London-based consultancy Z/Yen in collaboration with the China Development Institute. The latest edition incorporates 39,531 assessments from financial industry professionals alongside 143 factors used to evaluate financial centers around the world.
Dubai ranked first globally for FinTech, reflecting its position within the international financial technology sector. The emirate also climbed to second place for professional services and advanced to sixth in the index’s global reputation ranking.
Dubai’s No. 1 position for future potential was maintained for the fourth consecutive GFCI report, highlighting continued expectations for the development of the emirate as an international financial center.
DIFC Supports Dubai’s Financial Services Ecosystem
The rankings come as Dubai International Financial Centre (DIFC) continues to expand its financial services and technology ecosystem across banking, capital markets, wealth and asset management, insurance and FinTech.
Essa Kazim, Governor of DIFC, said Dubai’s latest GFCI performance reflects the emirate’s efforts to attract international financial institutions, talent and innovation while developing its regulatory, legal and business environment.
DIFC CEO Arif Amiri also highlighted the scale of the financial center’s regulated financial services ecosystem and its role in supporting the adoption of emerging technologies.
Dubai Strengthens Its Position as a Global Financial Center
Dubai’s latest rankings reinforce its growing position within the international financial services sector, particularly in FinTech and professional services.
Its continued No. 1 ranking for future potential, alongside its position as the only financial center from the Middle East, Africa and South Asia within the global top ten, provides further evidence of Dubai’s increasing prominence as an international destination for financial services, businesses and talent.
