Kuwait secures seventh spot among top Arab financial centers
The country ranked 80th globally in the Best Financial Centers Index by Z/Yen Group and the China Development Institute, falling 11 spots with a score of 672 points.
• Dubai ranked first in the Arab world and 12th globally in the Arab world in the 37th edition of the Best Financial Centers, followed by Abu Dhabi at 38th, Casablanca at 55th, Riyadh at 71st, Doha at 73rd, and Bahrain at 75th.
Kuwait ranked 80th globally and seventh in the Arab world in the 37th edition of the Best Financial Centers Index by Z/Yen Group and the China Development Institute, dropping 11 spots to score 672 points, Al Rai newspaper reported.
The index evaluates 119 financial centers using data and survey results from thousands of financial services professionals who participated in an online survey.
Dubai ranked first in the Arab world and 12th globally, followed by Abu Dhabi at 38th, Casablanca at 55th, Riyadh at 71st, Doha at 73rd, and Bahrain at 75th.
The China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London jointly prepare the Global Financial Centres Index (GFCI), which is published and updated every March and September, attracting significant attention from global financial circles.
The 37th GFCI ranking is based on 140 performance-related factors, with quantitative data provided by third parties such as the World Bank, the Organization for Economic Co-operation and Development (OECD), and the United Nations. These factors were combined with 31,314 financial center assessments from 4,946 participants in the GFCI’s online survey.
Globally, New York topped the index, followed by London in second, Hong Kong in third, Singapore in fourth, and San Francisco in fifth. Chicago, Los Angeles, and Shanghai ranked sixth, seventh, and eighth, respectively, with Shenzhen in ninth and Seoul in tenth.
