Dubai Ranks Among World’s Top 5 Cities for Fintech For the First Time

Dubai has been ranked among the top five cities globally for fintech in the latest Global Financial Centres Index (GFCI) rankings, marking its first appearance in this category. The emirate moved up to 12th place overall among global financial centres and was also recognised as the most frequently mentioned financial city in the index.

The GFCI index, which evaluates 119 financial centers worldwide, is based on assessments from financial professionals and quantitative data measuring key industry factors. This year’s rankings were derived from 31,314 financial center assessments, collected from 4,946 financial services professionals who responded to the GFCI online questionnaire.

Dubai was ranked fifth in fintech, sixth in professional services, eight in investment management, 13th in trading and 14th in banking and finance and was the only financial centre in the region to be included in the top 15 rankings across these sectors.

Additionally, alongside London, New York, and Paris, Dubai was categorised as one of eight cities globally recognised for its capabilities across all aspects of the financial industry.