Wednesday 28 September 2011

Gulf Times – ‘Qatar overtakes Dubai as top financial centre’

Qatar has overtaken Dubai to become the top financial centre in the Middle East, according to the latest Global Financial Centre Index (GFCI).

The Qatar Financial Centre (QFC), categorised as transnational specialists, continued to be ranked 30 in the world, but improved its ratings by 39 points from the previous index.

However, Dubai was ranked 36, slipping eight positions from the previous index although it gained 17 points, according to the GFCI, which covers 75 financial centers around the world. The index is based on five over-arching areas of competitiveness: people, business environment, infrastructure, market access and general competitiveness.

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