Dubai among world's top financial centres

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Dubai among world's top financial centres

(May 2008) - Dubai is the leading financial centre in the Middle East and the fourth most competitive in Asia, according to the latest Global Financial Centres Index (GFCI).

Since September of 2007, Dubai increased its competitive rating by 10 points to 595 points. Dubai's position among the world's top centres is a sign of growing importance of the Gulf as a whole on the global financial stage, thanks in part to high oil prices and huge government investment.

Recently one of the top most private banks of Switzerland, namely Clariden Leu officially opened its Asset Management Company in Dubai. Clariden Leu is a private bank and is operated independently but owned by the Credit Suisse Group. Clariden Leu's presence in Dubai is a testimony to the growing financial clout of Dubai, leaving little doubt in anyone's mind of the Dubai's emergence as a leading financial centre.

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Every effort has been made to offer information that is current, correct and clearly expressed but there can be no guarantee of immediate availability or absolute accuracy. Neither the author nor publishers are responsible for the results of actions taken on the basis of information contained in this summary, nor for any errors or omissions. Prices may change and are subject to currency fluctuations.