UAE tops region in ease of doing business – World Bank

      Published on Saturday, 3 November , 2018      3 Views      Comments Add Comment
UAE tops region in ease of doing business – World Bank

  • Business

The UAE has risen 10 spots in the World Bank’s annual Ease of Doing Business report and now stands in 11th place globally from 21st in 2017, it was announced on Wednesday.



The ranking marks the first kind a regional economy makes it into the top 20, even though the UAE has led the Arab World for the last six years.

The report noted that the UAE has carried out four significant economic reforms, including the elimination of fees for industrial and commercial electricity connections and improvements to the online registration system for new businesses.

Additionally, the UAE strengthened access to credit and made registering property easier by increasing the transparency of its land administration system.

The World Bank ranks economies from 1-190, with ranking determined by the aggregate scores of 10 topics, each of which are made up of a number of different indicators.

Of these, the UAE scored particularly well in terms of electricity connections, paying taxes, construction permits, registering property, enforcing contracts and protecting minority investors.



In the MENA region, the UAE was followed by Morocco in 60th place. It was considerably ahead of its peers in the Gulf region, with the closes being Bahrain in 62nd place, following by Oman (78), Saudi Arabia (92) and Kuwait (97).

Keywords:
Category Business | 2018/11/03 latest update at 8:51 PM
Source : | Photocredit :
4 Views
Comments Add comment



Related Articles

The editorial staff of Dubai Today would like to give all of its readers from Gulf and Dubai and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Dubai Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Dubai, the Gulf and the world.

Latest Comments


Sheikh Mohammed bin Rashid Al Maktoum Emir

Sheikh Mohammed bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid…

Sheikh Mohammed bin Rashid Al Maktoum Emir

Sheikh Mohammed bin Rashid Al Maktoum

Vice President, Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al…

HH Sheikh Mohammed Bin Rashid Al Maktoum Emir

HH Sheikh Mohammed Bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Shaikh Mohammad Bin Rashid…

Sheikh Mohammed bin Rashid Al Maktoum Emir

Sheikh Mohammed bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid…

GULF TV

Popular in GULF TV

Freelancing in the UAE region

1408 Views

The global freelancing market is set to grow $20bn by 2020. Where does the market stand here in…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government