Davos Report: UAE is the first in the world in macroeconomic stability

Reporter

– The first Arab and advanced in the rankings in the global competitiveness rankings in 2019.

– Davos Report: UAE is the first in the world in macroeconomic stability.

– The UAE maintains its position among the best economies in global competitiveness.

– The UAE is the first Arab country and 25 globally in the Global Competitiveness Rankings for 2019.

– The second UAE in the world in adopting the latest information and communication technologies.

– The third UAE in the world in adopting the speed of government response to the changes.

– Among the top 20 countries in the world in 57 of the competitiveness indicators out of 103 indicators.

– Economic incentives and quality of services achieve the highest satisfaction of investors and the private sector.

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The UAE ranked first in the Arab world and 25 globally in the Global Competitiveness Report of the World Economic Forum (Davos), which assesses the competitiveness of 141 countries. The figures in this year’s report indicate that the UAE is ranked first in the Arab world and the 25th globally, noting that the UAE is two places ahead of the previous year.

His Excellency Mohammed bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Future Chairman of the Federal Competitiveness and Statistics Authority, said that the Global Competitiveness Report 2019 issued by the World Economic Forum confirms the important role played by the Authority with its partners in the federal and local government, through joint work and continuously to keep up with the changes Which can occur on the economic and social levels, which can have an impact on the global competitiveness of the country, by identifying and launching effective and scientific and knowledge-based initiatives and strategies to maintain the leadership of ALDO. His Excellency added: “We are following the approach set by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.” .. The Government of the UAE attaches high priority to the continuous improvement process of all its vital sectors, such as economy, health, education and advanced sciences, through which the UAE economy rises to the rank of advanced global economies, by emphasizing the continuity of structural economic development, which the UAE is witnessing recently through Legislation and decisions affecting various economic, administrative and institutional aspects, which contribute to accelerate the pace of growth of economic activities in the State, and continue the strategy of economic diversification and support an economic environment attractive to investment and excluded Rennes. The Global Competitiveness Report 2019 monitors the economy of 141 countries ranked by performing 103 indicators listed in 12 core and 22 sub-themes.

The assessment is based on 70% of the report’s weight on the data and statistics issued by the countries included in the report and the remaining 30% comes from the results of opinion polls and executive and senior investors in these countries, this report shows the satisfaction of the private sector with government services and the positive impact of incentives and facilities that have been Announced successively at the federal and local level.

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Progress in most indicators of competitiveness.

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The UAE has achieved remarkable progress on the level of indicators, where it advanced in 52 competitive indicators from last year, and maintained its performance in 27 indicators, out of 103 indicators competed by the report. The UAE ranks among the top five in 19 global indices and in the top 20 globally in 57 indices, more than half of the indicators this year.

At the level of the main and sub-axes, the UAE ranked first globally in the “Stability of the national economy” and second globally in the “axis of adoption of ICT” and fourth globally in the “commodity markets axis”. The UAE has also advanced in eight out of 12 main axes: Institutions, Infrastructure, ICT Adoption, Education and Skills, Commodity Market Efficiency, Labor Market Efficiency and “Business Dynamics” and “Capacity Innovation” axis.

At the level of sub-axes, the country also achieved advanced positions at the global level, where the country came in the top ten globally in seven sub-axes, including the fourth in the world “performance of the government sector” and the sixth in the global “competition of the local market” and the seventh globally In both the “security” axis and the “commercial openness” axis, the eighth globally in the “entrepreneurial culture” axis and the “transport infrastructure” axis and the ninth globally in the “future direction of government”. The country advanced on 17 out of 22 sub-themes in 2019.

Among the indicators that the UAE achieved in this year’s report ranked high, the country ranked first in the world in four indicators, namely, “the lack of annual change in inflation”, the “debt dynamics”, the indicator “mobile Internet subscriptions” and the “gap gap” Credit. ” The UAE ranked second globally in the “Rate of Electricity Contributions from Population Ratio”, “Mobile Subscription Ratio” and “Manpower Diversification” Index, and “Third in the Speed ​​of Government Response to Variables”. Globally in the “Efficiency of legal frameworks” index, “Low government burden”, “Adaptation of legal frameworks to accommodate the digital business model”, “Long-term government vision” and “

It also ranked fifth globally in the “Internet Users” Index, “Low Impact of Taxes and Subsidies on Business Competition” and “Innovative Business Growth”.

The UAE has also managed to rank among the top 20 countries globally in 57 global indicators, including the sixth in the “Competency of the Legal Framework in Dispute Resolution” index and the seventh in the “Low Impact of Organized Crime on Business” and ” Road Quality, Air Transport Services Efficiency, Entrepreneurship Risk Behavior Index, 8th globally in Government Assurances for Stability of Government Decisions, Ease of Finding Skilled Employees, Analytical Thinking in Teaching, and 9th place Globally in both the “low percentage index” Banquet murder “index” lack of burden of non-tariff barriers “index” employment and dismissal procedures “and” financing of small and medium-sized companies index “index” the development of specialized economic zones “index”

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Of the most important global reports.

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Singapore ranked first globally in this year’s report, having moved up one place from last year’s ranking to displace the United States, which came second, Hong Kong in third, the Netherlands in fourth and Switzerland in fifth. Japan came in sixth place, followed by Germany in seventh place, then Sweden and the United Kingdom Denmark in eighth, ninth and tenth globally.

The Global Competitiveness Report of the World Economic Forum in Davos, Switzerland, has become one of the most important global reports, as it aims to help countries around the world identify obstacles to sustainable economic growth, develop strategies to reduce poverty and increase prosperity, and assess their ability to provide high levels of prosperity. It is a report that provides a comprehensive assessment of the strengths and challenges of state economies.

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About the Federal Competitiveness and Statistics Authority.

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The Federal Competitiveness and Statistics Authority (FCA) is a government body affiliated to the Federal Government of the United Arab Emirates (UAE). The main source of national statistics and the competent authority in relation to national and global competitiveness such as global reports, surveys and information. The Authority also acts as a liaison between international institutions with all concerned authorities in the State and in relation to competitiveness, data and statistics.

Website www.fcsa.ae.

Credit : http://wam.ae/ar/details/1395302793290

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