Beautiful Virgin Islands

Tuesday, Jun 03, 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
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×