UAE tops Gulf nations in world business ratings

BUSINESS BASE: Dubai has helped the UAE top the list for Middle East countries, said an official. (Getty Images)

The UAE has been ranked 16th out of 52 countries in the World Economic Forum's inaugural Financial Development Index.

The country topped the Middle East region in the list which was headed by the US, followed by the UK, Germany, Japan, Canada and France.

Other regional countries included in the index were Israel which was ranked at 23rd, Kuwait (26), Saudi Arabia (27) and Bahrain (28).

The rankings considered several factors such as business environment, financial stability, size and depth of capital markets, and ease of access to capital.

"This is a great achievement for the UAE in the financial sector," Hani Al Hamili, Secretary-General of the Dubai Economic Council, told UAE daily Gulf News on Wednesday.

The UAE in general and Dubai in particular have been able to leapfrog to such a status in the "shortest period of time and in high transparency", Al Hamili added.

The report drew data from a variety of publicly available sources as well as the World Economic Forum's Executive Opinion Survey, a comprehensive annual survey.

Print | Email | Discuss this article |

READERS' COMMENTS

View all comments (0)

Have your say

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM