Monday, 26 February 2018

UAE ranks highest in Middle East for economic prosperity | Arab News

UAE ranks highest in Middle East for economic prosperity | Arab News:

"The UAE has ranked first in the Middle East and 17th globally in terms of economic prosperity and government productivity, according to World Economic Forum’s latest Global Competitiveness Index. The report, which comes out yearly, assesses a country’s government productivity in a specific set of institutions, ranging from infrastructure and innovation to education and markets, based on empirical and theoretical research. “The UAE is in first place in the quality of government decisions, the government’s ability to adapt to changes, the effectiveness of government spending, and the partnership between the public and private sectors, as well as in administrative practices, the digital transformation of companies, and adopting technology,” UAE Vice President Sheikh Mohammed bin Rashid said after reading the report, according to UAE state news agency WAM."



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