Arab Today, arab today uae ranked first in arab world for third year in row
Last Updated : GMT 16:54:26
Arab Today, arab today
Arab Today, arab today

In Ease of Doing Business for 2016

UAE ranked first in Arab world for third year in row

Arab Today, arab today

Arab Today, arab today UAE ranked first in Arab world for third year in row

General view of Dubai
Dubai - Arab Today

The World Bank released yesterday report on the "Ease of Doing Business for the year 2016", which ranked the UAE first among Arab countries for the third year in a row, ahead of all countries in the region included in this year's report.

The World Bank report, which measures the performance of 189 states in facilitating doing business for investors, says the UAE has advanced one step in the ranking of last year to occupy 31st rank globally this year.

The UAE came among the first five countries in the world regarding non-payment of taxes, which does not affect business, process of construction permits and electricity delivery.

At the regional level, the UAE topped the countries of the region and within 10 countries of the world in the number of documented improvements by the World Bank during one year in the delivery of electricity, processing of the construction permits, protecting investors and enforcement of contracts.

The UAE was ranked first regionally in both dealing with the construction permits, the delivery of electricity, the protection of small investors and registering property and the non-payment of taxes, which does not affect business, processing construction permits and the enforcement of contracts.

The report also praised the four improvements carried out by the UAE.

The Ease of Doing Business report 2016 is one of the most periodic reports issued by the World Bank Group. This report is version 13 in a series of annual reports that measure the procedures and legislation which promote the trade activity and investment in the states.

It offers quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies.

The report also measures all actions of improvements and obstacles affecting 10 areas in business.

On this occasion, Reem bint Ibrahim Al-Hashimy, Minister of State and Chairperson of the Federal Competitiveness and Statistics Authority, said in a statement yesterday that the ease of doing business report includes a set of the most important global indicators that reflect the extent of interest and the interest of the Government of the United Arab Emirates towards local and international investors.

She noted that the report documents all the tremendous efforts made by the local and federal government agencies in order to facilitate and develop procedures and legislation for the sake of investors to support and develop their businesses to acquire competitiveness access to global entrepreneurship leadership.

Al Hashimy commended the UAE leadership and people on this important achievement, citing efforts of all local and federal government agencies that contributed to the planning and activation of procedural improvements for this year, and the positive impacts on improving the performance of the state in the report.

For his part, Sultan bin Saeed Al Mansouri, Minister of Economy, stressed the importance of investors and entrepreneurs, who are a growing category and one of the main pillars of effective economic planning. He added that the developed countries take into account the Ease of Doing Business when drawing the general development policies.

He noted that the experiments and studies have proven beyond doubt the existence of a close relationship between attractive countries for investors, and strength and durability of the economic structure of those countries. "Therefore, we have to pursue in the UAE permanent the latest practices and necessary global methodologies to overcome the obstacles that face investors and entrepreneurs, as this would enhance the economic sector and ensure improvement in the Global Competitiveness Reports to achieve the goals of the UAE Vision 2021."
Source: WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae ranked first in arab world for third year in row Arab Today, arab today uae ranked first in arab world for third year in row

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae ranked first in arab world for third year in row Arab Today, arab today uae ranked first in arab world for third year in row

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday