Dubai continues to solidify its position as a regional and global hub for business and finance. Having established itself over four decades ago as one of the Gulf's major trading cities, the emirate ranked 1st regionally in the 2016 Global Financial Centres Index. Its historic connections to the Arabian Peninsula, North Africa and South Asia via trade and commerce have now expanded to marketplaces around the globe as the emirate continues to develop into a leading investment destination.
Rapid growth has not only brought unprecedented levels of economic prosperity, but it has also led the UAE to make huge investments outside of their sun-kissed shores. The banking system in the UAE has emerged as the largest in the MENA region, with $700 billion in assets.