DUBAI, Oct. 26 (Xinhua) -- The Gulf state United Arab Emirates (UAE) increased its stance in the World Bank's ease of doing business ranking and entered the global top 30 for the first time, Abu Dhabi daily The National reported on Wednesday. The UAE, a major oil supplier and the mo...
The economy depends heavily on petroleum production, but in cities like Dubai, the majority of the income comes from the services sector. Tourism is huge in Dubai, and the airport has become a world-class transit center for travelers from all around the globe. It is also a massive cargo hu...
The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer. The ranking, published in the UNCTAD’s recent...
Top 3 The general public placed the UAE among the top three countries in the world with ease of doing business, moving the country one place ahead of last year’s 4th ranking. Hope Probe The success of the Hope Probe in entering Mars’ orbit on Feb. 9, 2021, in the f...
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UAE Minister of Finance Hamdan Bin Rashid Al-Maktoum said "the law will contribute to enhancing the state's competitive ranking, boost investors' confidence in the national economy and raise transparency regarding management of public finances." Public debt financing rose in significance in recent yea...
Dubai: The UAE has been ranked 27th in the World Economic Forum’s Global Competitiveness Report 2018. With a competitiveness index score of 73.4, the UAE leads the Gulf Cooperation Council (GCC) region in the global ranking of 140 countries. ...
The economy of Dubai had changed drastically, thanks to the tourism boom and the business-friendly policies of the government.
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It is the thirty-fifth largest economy at market exchange rates. UAE has a high per capita GDP, with a nominal per capita GDP of US$47,407 as per the IMF. Fifteenth in purchasing power per capita and has a relatively high Human Development Index for the Asian continent, ranking thirty ...