Dubai among world's top 4 fintech hubs

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Dubai has officially been ranked among the top four cities worldwide for FinTech, according to the latest Global Financial Centres Index (GFCI).

The recognition cements the emirate’s position as the leading financial hub in the Middle East, Africa, and South Asia, thanks in large part to the efforts of the Dubai International Financial Centre (DIFC).

Dubai also climbed to 11th globally in the overall GFCI rankings and was named the world’s top financial centre expected to gain future significance.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said this milestone supports the Dubai Economic Agenda D33, which aims to place Dubai among the world’s top four financial hubs.

Coinciding with the ranking, DIFC announced that the number of AI, FinTech and innovation companies operating within its ecosystem has now surpassed 1,500 — the largest cluster of its kind in the region.

These firms have collectively raised over $4.2 billion in investment.

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