Raja Al Mazrouei speaks during the event in Dubai.
Dubai has risen in the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking.
The Dubai International Financial Centre, DIFC, announced a record growth in 2019, registering an addition of 493 new businesses for the year. The total number of firms in the Centre reached 2,437, up 14 per cent from 2018, with a total of 32 per cent growth since 2017.
To support the Dubai Free Zones Council economic stimulus package, Dubai International Financial Centre (DIFC) proposes implementing five initiatives over the next three months.
London's benchmark FTSE 100 index was up 1.0 per cent, in the eurozone, Frankfurt won 0.9 per cent and Paris climbed 0.8 per cent.
Spot gold was up 0.8% at $2,033.86 per ounce by 0655 GMT, after hitting a record high of $2,036.49. US gold futures rose 1.4% to $2,049.30.
The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.
Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Wednesday to its highest close since March 6. West Texas Intermediate oil was up by 26 cents, or 0.6%, at $41.96 a barrel. The contract ended Tuesday trading 1.7% higher, its highest close since late July.