Manama is now the most financially attractive city in the world

The index ranked 150 cities

Manama is now the most financially attractive city in the world

Manama is now the most financially attractive city in the world, according to AIRINC’s latest Global 150 Cities Index.

The index, which considered 150 top global locations, looked at local salary levels, tax rates, living costs, and living conditions.

Bahrain’s capital beat out dozens of Middle Eastern cities, including Riyadh, which ranked fourth, and Kuwait City, which placed sixth.

The United Arab Emirates capital Abu Dhabi came in seventh place, ahead of Dubai in twelfth, with Muscat in 16th place.

According to the Economic Development Board, Bahrain offers one of the easiest and most cost-effective environments to set up and operate a business in the world, with 0% tax and 100% foreign ownership allowed.

Manama also jumped up 15 places in terms of overall attractiveness according to the same poll.

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