• Dubai topped the Middle East and North Africa region in the 2023 Global Cities Index compiled by Kearney. It ranked 23rd among 156 global cities. Pawan Singh / The National
    Dubai topped the Middle East and North Africa region in the 2023 Global Cities Index compiled by Kearney. It ranked 23rd among 156 global cities. Pawan Singh / The National
  • Doha, Qatar's capital, was ranked second in the Mena region and 50th globally on Kearney’s Global Cities Index. Bloomberg
    Doha, Qatar's capital, was ranked second in the Mena region and 50th globally on Kearney’s Global Cities Index. Bloomberg
  • Tel Aviv in Israel secured third place in the region and ranked 57th globally. AFP
    Tel Aviv in Israel secured third place in the region and ranked 57th globally. AFP
  • Saudi Arabia's capital Riyadh was fourth regionally and 61st globally in the index. EPA
    Saudi Arabia's capital Riyadh was fourth regionally and 61st globally in the index. EPA
  • Abu Dhabi, the UAE’s capital, was fifth in the Mena region and climbed 10 places to 66th globally on the index. Khushnum Bhandari / The National
    Abu Dhabi, the UAE’s capital, was fifth in the Mena region and climbed 10 places to 66th globally on the index. Khushnum Bhandari / The National

Dubai ranked 23rd on world's top cities index


Deepthi Nair
  • English
  • Arabic

Dubai has retained its top spot in the Middle East and North Africa region in terms of global engagement, after ranking 23rd out of 156 cities in this year's Global Cities Index.

It is the third-consecutive year that Dubai has claimed a spot in the top 25 of the index, management consultancy Kearney said on Thursday.

Doha was ranked second in the Mena region and 50th globally, while Tel Aviv stood third regionally and 57th worldwide. Other regional cities featured in the index include Riyadh (fourth regionally, 61st globally) and Abu Dhabi (fifth regionally and 66th globally).

The study also ranked Abu Dhabi among the top 30 cities globally in terms of outlook.

The index measures the global engagement of 156 cities across five categories – business activity, human capital, information exchange, cultural experience and political engagement – and seeks to quantify the extent to which a city can attract, retain, and generate global flows of capital, people and ideas, Kearney said.

Key cities in the GCC made major improvements in their overall scores in this year's index, as they capitalised on the return to pre-pandemic levels of international travel to attract large volumes of migrant talent and tourism, according to the report.

“As global trade returns to normalised levels, key cities in the Gulf have emerged as beacons of prosperity, resilience and opportunity,” said Rudolph Lohmeyer, a partner at Kearney.

“Their resilient economic performance amid challenging global conditions, combined with a concerted focus on promoting livability and talent attraction, has succeeded in drawing ever-greater numbers of expats.”

In recent years, the UAE has undertaken sweeping economic, legal and social reforms to attract skilled workers.

The government’s overhaul of visa programmes has boosted opportunities for foreign workers to live and work in the country. That includes a revamp of the 10-year golden visa to simplify eligibility criteria and expand the categories of beneficiaries.

The green visa was also introduced to provide five-year residency to skilled workers without needing a sponsor or employer.

The UAE led the Arab world for attracting and retaining talent, while Switzerland is the top destination globally, according to the 2023 IMD World Talent Ranking.

The UAE ranked 22nd among 64 economies, thanks to an increase in scores for quality of life, management remuneration, health infrastructure, quality of education and labour force growth, according to the IMD World Talent index by the World Competitiveness Centre.

Meanwhile, the top five cities on Kearney's GCI index – New York, London, Paris, Tokyo and Beijing – remained unchanged from 2022.

However, there was substantial movement among the remaining top 30 cities, including considerable gains for Brussels and Madrid and declines for Washington, DC, and Boston, according to the report.

This year marked a continued decline in the business activity category, reflecting the persistent challenging global economic conditions, Kearney said.

Meanwhile, the human capital profile of global cities has risen for the first time since the start of the pandemic, as restrictions on movement have been removed and individuals are now free to travel.

Information exchange and political engagement scores showed moderate improvements this year, while the cultural experience indicator remained level after surging in the previous year with the reopening of many cultural institutions, Kearney said.

Abu Dhabi was ranked 27th globally on Kearney’s Global Cities Outlook, which assesses how the 156 cities are creating conditions for their future status as global centres.

This index is measured across four categories – personal well-being, economics, innovation and governance.

San Francisco was ranked first in the Global Cities Outlook index, followed by Copenhagen, London, Luxembourg and Paris.

“In this shifting global landscape of distributed opportunity, top-tier global cities cannot take their positions for granted,” said Brenna Buckstaff, manager at Kearney.

“The traditional hierarchy of leading cities will only become more fluid in the future as opportunities for growth and enhanced productivity become less concentrated during the coming waves of artificial intelligence-driven innovation.”

Top 10 of the 2023 Global Cities Index

  1. New York
  2. London
  3. Paris
  4. Tokyo
  5. Beijing
  6. Brussels
  7. Singapore
  8. Los Angeles
  9. Melbourne
  10. Hong Kong

Source: Kearney

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
England squad

Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

HAJJAN
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Updated: October 26, 2023, 8:45 AM