Dubai Supremacy Challenged as Global Banks Shift to Gulf Rivals

Dubai Supremacy Challenged as Global Banks Shift to Gulf Rivals

Waseem Obaidi/Bloomberg

The Kingdom Tower stands illuminated at night on King Fahad Road in Riyadh, Saudi Arabia. Riyadh climbed 32 places to 33rd in the Global Financial Centers Index published March 25 by London-based consulting firm Z/Yen.