US business magazine Forbes magazine has named Dubai the seventh most influential city in the world
Dubai’s location, air connectivity and “business-friendly” climate make it a favourite for companies interested in establishing a Middle East presence, Forbes said.
“As a crossroads of humanity, Dubai is unparalleled among global cities for its diversity: 86 per cent of its residents are foreign born,” the article read.
Forbes looked at eight factors in creating its rankings: foreign direct investment, concentration of corporate headquarters, number of business niches the cities dominate, air connectivity, strength of producer services, racial diversity, financial services, and technology and media power.
Dubai ranked behind London, New York, Paris, Singapore, Tokyo and Hong Kong.