GFCI Ranks Qatar As Top Financial Center In Middle East

By Editorial 02 October, 2013

Qatar ranked as the Middle East's top financial center in the latest Global Financial Centers Index published on September 30, 2013 by London-based commercial think tank Z/Yen Group.

Qatar's rating in the index, which covers 80 financial centers, rose by 11 points, according to a press release from the Qatar Financial Center Authority. One of the key factors driving the rise was the region's low employee taxation. Qatar moved up the overall ranking by 6 places from 30th to 24th place to achieve the top position in the region.

Professor Michael Mainelli, Executive Chairman of the Z/Yen Group, said: "In the Middle East, Qatar, Bahrain and Istanbul see significant increases in their rankings whilst other centers fall slightly. Elsewhere, South America now joins Asia chasing London's and New York's supremacy."

"The GFC Index, which is published twice a year, is a highly relevant and recognized indicator reflecting the views and opinions of executives from all over the world," Shashank Srivastava, CEO and Board Member of the QFC Authority said.

Tags: Tax | Investment | Financial Services | Qatar | Services | Expats | Middle East |


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