Dubai's economy has bounced back strongly from the Covid-19 pandemic, which helped elevate its ranking. Bloomberg
Dubai's economy has bounced back strongly from the Covid-19 pandemic, which helped elevate its ranking. Bloomberg
Dubai's economy has bounced back strongly from the Covid-19 pandemic, which helped elevate its ranking. Bloomberg
Dubai's economy has bounced back strongly from the Covid-19 pandemic, which helped elevate its ranking. Bloomberg

Dubai tops Mena in Global Power City Index 2022


Alkesh Sharma
  • English
  • Arabic

Dubai retained its top position in the Middle East and North Africa region and climbed up three spots globally to 11th overall on the Global Power City Index 2022.

The emirate also stood first regionally and fourth globally in the cultural interaction parameter, improving from its fifth rank overall on the parameter in last year’s index, Dubai Government Media Office said in a statement.

The index, issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan, ranked the world’s major cities according to their “magnetism”, or power to attract people, capital and enterprises from around the world.

The rankings are derived from scores on six parameters — economy, research and development, cultural interaction, liveability, environment and accessibility.

Dubai has emerged as one of the world’s great metropolises and a prominent global cultural centre, a dynamic hub for creativity and a destination for talent, said Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

“The improvement in rankings reveals the richness and strength of Dubai’s vibrant cultural environment and its ethos of inclusive development that has brought well-being to its residents from around 200 nationalities.

“The progress in rankings on cultural interaction shows Dubai’s emergence as a unique bridge between cultures and markets and its ability to promote engagement between people and institutions worldwide. The progress in various international indices encourages Dubai to raise excellence further and enhance its cultural and creative assets."

Institute for Urban Strategies said 2022 rankings were significantly affected by how cities responded to the Covid-19 pandemic, which upended the world economy.

Dubai's economy bounced back from the coronavirus-driven slowdown last year, picking up further growth momentum this year.

Expo 2020 Dubai and government measures to minimise the effects of Covid-19 also spurred growth this year.

Dubai’s economy expanded by 4.6 per cent on annual basis in the first nine months of this year to about Dh307.5 billion ($84 billion), driven by the emirate’s efforts to solidify its position as a business, financial and tourism centre, Sheikh Hamdan said this month.

By tracking changes in international flight frequencies of cities since 2019, the GPCI analysed the responses and strategies of cities and countries to the pandemic.

Dubai was one of the first cities to reopen for international visitors since the onset of the pandemic. It also created a safe environment for holding Expo 2020 Dubai from October 2021 to March 2022, the statement said.

“Both achievements contributed to the emirate’s rise to third ranking in the tourist attractions sub-parameter within the cultural interaction,” it added.

“Dubai has developed an integrated strategy to consolidate its position as a city of choice for cultural practices, experiences and consumption,” said Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairwoman of Dubai Culture and Arts Authority, and member of the Dubai Council.

“Dubai’s emergence as a major global hub for culture and creativity increases our determination to raise the emirate’s global competitiveness in these spheres … we also seek to enhance the diversity of Dubai’s cultural offering in order to further enrich the experiences the city offers both residents and visitors.”

In the latest index, Dubai also jumped in other sub-parameters, including number of foreign visitors, cities with direct international flights, attractiveness of shopping options and attractiveness of dining options.

The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

Race%20card
%3Cp%3E6pm%3A%20Al%20Maktoum%20Challenge%20Round%201%20%E2%80%93%20Group%201%20(PA)%20%2450%2C000%20(Dirt)%201%2C600m%3Cbr%3E6.35pm%3A%20Dubai%20Racing%20Club%20Classic%20%E2%80%93%20Handicap%20(TB)%20%24100%2C000%20(D)%202%2C410m%3Cbr%3E7.10pm%3A%20Dubawi%20Stakes%20%E2%80%93%20Group%203%20(TB)%20%24150%2C000%20(D)%201%2C200m%3Cbr%3E7.45pm%3A%20Jumeirah%20Classic%20Trial%20%E2%80%93%20Conditions%20(TB)%20%24150%2C000%20(Turf)%201%2C400m%3Cbr%3E8.20pm%3A%20Al%20Maktoum%20Challenge%20Round%201%20%E2%80%93%20Group%202%20(TB)%20%24250%2C000%20(D)%201%2C600m%3Cbr%3E8.55pm%3A%20Al%20Fahidi%20Fort%20%E2%80%93%20Group%202%20(TB)%20%24180%2C000%20(T)%201%2C400m%3Cbr%3E9.30pm%3A%20Ertijaal%20Dubai%20Dash%20%E2%80%93%20Listed%20(TB)%20%24100%2C000%20(T)%201%2C000m%3C%2Fp%3E%0A
Company%C2%A0profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EPyppl%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEstablished%3A%20%3C%2Fstrong%3E2017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAntti%20Arponen%20and%20Phil%20Reynolds%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20financial%20services%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%2418.5%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%20150%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20stage%3A%3C%2Fstrong%3E%20series%20A%2C%20closed%20in%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20venture%20capital%20companies%2C%20international%20funds%2C%20family%20offices%2C%20high-net-worth%20individuals%3C%2Fp%3E%0A
UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.5-litre%20V12%20and%20three%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C015hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C500Nm%20(estimate)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Early%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh2%20million%20(estimate)%3C%2Fp%3E%0A
Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Updated: December 22, 2022, 5:30 PM