Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in the Asian country
According to the Global Financial Centre Index released on Wednesday, Dubai was ranked 15th worldwide, higher than Paris, Geneva, Los Angeles, Luxembourg and Vienna, among others.
The improvement in Dubai's rating was backed by its strong infrastructure where it was ranked eighth worldwide, ahead of San Francisco, Toronto, Frankfurt, Zurich and Paris. Similarly, the emirate was rated ninth in human capital and financial sector development, surpassing most of the global financial centres.
In sub-indices, Dubai was rated eighth in banking, ninth in professional services and 15th in investment management and professional services.
Dubai's improvement in the global rating can be attributed to the consistet influx of foreign companies into the Dubai International Financial Centre, the top financial centre in the region, which recently reported that the total number of active registered companies in the free zone reached 2,003 at the end of June 2018, up eight per cent from 1,853 as of December 31, 2017.
Abu Dhabi slipped one place to 26th worldwide but recorded improvement in its rating. The UAE capital was ranked first in global leaders.
According to the Global Financial Centre Index 2018 ranking, Dubai has been bracketed into 'stable centres', Abu Dhabi into 'dynamic centres' and Doha in 'unpredictable centres'.
- waheedabbas@khaleejtimes.com
Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in the Asian country
The entire plan will see cow-breeding and poultry projects come up near the massive wheat farm and the dairy farm will form the third phase
Modi, 73, remains resoundingly popular after a decade in office, and he is widely expected to win a third term
With over seven years of experience in branding and social media, and three years in motion graphics and editing, Arkan's expertise spans a wide range of creative domains
Names of leading brands in various sectors revealed in a new report by Brand Finance
Four workers died when the drone struck a condensate storage tank at Khor Mor Complex, Dana Gas said in a statement to the ADX
Experience the future of comfort and convenience with innovative smart furniture, elevating your lifestyle through seamless integration of technology and design
The device is equipped solely with an AI-powered personal assistant tasked with carrying out a multitude of practical tasks