Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Dubai rated most innovative city for business in the Arab world

Dubai rated most innovative city for business in the Arab world

B2B financial service platform Finom.de study rated the emirate 94th best city globally.

Dubai has been rated the top city for business innovation in the Arab world, according to a new study released on Thursday.

B2B financial service platform Finom.de study rated the emirate 94th best city globally for business innovation, ahead of Padua (Italy), Budapest (Hungary), Geneva (Switzerland), Turin (Italy), Cape Town (South Africa) and Quebec City (Canada).

The emirate is ranked second most innovative city for business in the Middle East region after Tele Aviv, which has been rated first in the region and 45th globally by Finom.

The emirate achieved the best rating in the technology ecosystem, venture capital funding and universities research and development sub-indices.

Finom began by creating a shortlist of 200 cities based on their size and significance in the business world, which they narrowed down to the best scoring 100. The cities were then analysed according to two broad categories. The first category, Innovation Areas, was made up of a number of subfactors that relate to different stages of the business innovation process. The second category, Industries, looks at which cities are leading business innovation on an industry by industry level.

The study splits the innovation landscape into different areas, including research and development, startup activity and funding availability, in addition to looking at innovation on an individual industry level, for example in artificial intelligence, biotechnology and fintech.

San Francisco is the highest-ranking city in the index, scoring highly on factors like company R&D spending and the technology ecosystem. Beijing and New York were ranked second and third, respectively. Paris is the only European city in the global top 10.

Top 10 cities for business innovation


1. San Francisco

2. Beijing

3. New York

4. London

5. Boston

6. Shanghai

7. Tokyo

8. Paris

9. Washington DC

10. Los Angeles

Yakov Novikov, CEO and co-founder of Finom, said the study showed that Boston is the leading city for biotechnology innovation, while San Francisco tops the list for green technologies innovation. “These cities have the significant industry know-how and a wealth of supplier companies that feed into the supply chain.”

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×