Riyadh has been named the Middle East's top financial centre
by the Z/Yen Group, Arabian Business said in an online report.
Shashank Srivastava, CEO and Board Member of the QFC Authority, added, "I am delighted that Qatar has again been recognised as the leading financial centre in the GCC.
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha.
Financial centres based in Gulf countries are leading the index among the Middle Eastern countries.
London has lost the crown of the world's leading financial centre, but UK believes that the city is still on top in many ways.
Al Awar was speaking at a session on Moscow International Financial Centre (MIFC) at the Russia Calling Forum organised by VTB Bank.
At an earlier session, Russian Finance Minister Alexei Kudrin said Russia is in the early stages of discussions on setting up an international financial centre in Moscow and large foreign companies will start making initial public offerings at MIFC "within the next three to five years".
Abdulrahman Al Shaibi, Managing Director and Board Member, Qatar Financial Centre
Authority and H.
Chatham House is pleased to have worked together with the three financial centres
of the region - DIFC, QFCA and Bahrain EDB - for the completion of this project.
With offices in all the world's major financial centres
, the company covers markets worldwide in foreign exchange, commodity, and equity options, as well as exotic structures, pulp and paper and bandwidth.
Qatar s rating rose by 15 points, mainly driven by its increasing competitiveness and perceived significance as a financial centre