The latest edition of the Global Financial Centres Index (GFCI), published by the British consultancy firm Z/YEN and the China Development Institute (CDI), ranked Casablanca 56th out of approximately 120 financial centers worldwide. This marks an improvement of one position compared to the previous report.
Casablanca maintained its position as Africa’s leading financial hub, ahead of Mauritius, which ranked second on the continent and 58th globally.
South Africa’s Cape Town and Johannesburg were ranked 84th and 88th worldwide, respectively, with Johannesburg experiencing a significant drop of 13 places within a year.
In the Arab world, Dubai topped the regional rankings, securing 12th place globally with a four-spot improvement. Abu Dhabi followed in 38th place, despite slipping three positions.
Riyadh ranked 71st after falling eight places, while Doha came in 73rd. Kuwait, which lost more than 10 positions, was ranked 80th.
On the global scale, New York retained its position as the world’s leading financial center, followed by London in second place and Hong Kong in third.
The top ten included multiple U.S. cities such as Chicago and Los Angeles, as well as financial powerhouses like Shanghai and Seoul. At the bottom of the list, Buenos Aires, Argentina, ranked 119th.
The GFCI report evaluated 133 financial centers this year, with 119 meeting the required criteria for inclusion. It noted that the average ratings for most financial centers increased by just over 2%, reflecting strong confidence in the financial sector.
However, the report highlighted geopolitical tensions, competition, and shifting regional and national priorities as key challenges facing global financial centers.
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