Kuwait up 8 in global financial center index

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KUWAIT CITY, Sept 27: Kuwait advanced eight places in the 32nd edition of the Global Financial Centers Index for 2022, reports Al- Qabas daily. The edition is issued annually by a Research Center in London and the Chinese Development Institute, which targets 119 financial centers around the world, and analyzes data collected from thousands of financial services specialists who answers electronic questionnaire.

Kuwait ranked 108 on the index this year, compared to 116 place last year, thus advancing by 8 places. The Global Financial Centers Index consists of 5 main axes — business environment, human capital, and infrastructure, the development of the financial sector and the reputation of the center.