Dubai is at the forefront of leading financial markets, the Dubai Competitiveness Office shows research – Dubai Blog

The Dubai Competitiveness Office (DCO) analysis of the Emirate’s financial markets in the Dubai economy shows that innovative initiatives and partnerships, as well as a series of regulatory reforms, put Dubai’s financial market industry at the forefront of the global financial center.

Take the Dubai International Financial Center (DIFC) as an example, which has been ranked among the top 15 financial centers in the world for the past five years, as well as the visible innovation trends in Dubai. The analysis shows that the financial market ecosystem in the emirate is good-located in the promotion of capital Mobility, business growth and economic development.

The analysis is summarized in 3^road The DCO policy briefing series is designed to conduct a structured and systematic assessment of the competitiveness of Dubai’s financial market, with special attention to four aspects: financial market efficiency, financial market supervision, financial management and financial center.

“Financial markets play a key role in supporting social competitiveness. The progressive vision of Dubai’s leadership and the progressive introduction of far-reaching initiatives and policy reforms have given Dubai’s financial markets industry an awesome position globally,” Hani Al Hamli, Manager of Dubai Competitiveness Office.

International indicator analysis from reports such as the World Economic Forum’s Global Competitiveness Index and IMD World Competitiveness Yearbook shows that Dubai has achieved 11^day Ranked 13th in the stock market index^day Protecting minority investors, and 19^day In M&A activity, globally. Dubai’s progress and performance on the global index reflects the leadership’s focus on financial sector development, innovation, strategic partnerships and cooperation.

DIFC’s outstanding performance, ranked 12th^day Become a global financial center in March 2020, thanks to its stable business environment, as well as its strategic focus on talent development, reputation advantages and financial industry development.

Major regulators including Dubai Financial Markets, Dubai Financial Services Authority and the Central Bank of the UAE have implemented a series of reforms to align with the best regulators in the world.

Relying on Dubai’s vision of developing an Islamic economy, Nasdaq Dubai has now become the global sukuk capital, with the highest listed sukuk value among all the world’s leading Islamic capital centers.

This policy document covers the major innovation trends in financial technology (FinTech) that are shaping Dubai’s financial market model. Dubai is leading the way in supporting innovative fintech trends, as can be seen from the establishment of the first and largest fintech accelerator FinTech Hive in the Middle East, Africa and South Asia within the DIFC.

“Dubai actively promotes the adoption of technology in all walks of life as part of improving competitiveness and preparing for the future,” said Hamley“The emphasis on future financial technology trends also supports Dubai’s use of digital innovations such as blockchain, mobile banking, e-commerce, and peer-to-peer lending to accelerate the intelligent transformation of its economy and society.”