UAE ranked among world’s top 10 economies; Sheikh Mohammed thanks President, people for their dedication
Emirates leads the world in several pointers similar as operation, energy, structure, the government’s capability to acclimatize to changes and others
The UAE has been ranked among the world’s top 10 most competitive husbandry, rising two places, according to IMD World Competitiveness Report in 2023, released on Tuesday.
While taking to Twitter, His Highness Sheikh Mohammed bin Rashid Al Maktoum,Vice-President and Prime Minister of the UAE and Ruler of Dubai, praised the President, His Highness Sheikh Mohamed bin Zayed Al Nahyan and the people of UAE for their trouble, sincerity, fidelity, and rallying around their leadership to achieve high rankings.
Sheikh Mohammed said that the UAE leads the world in several pointers, similar as operation, energy, structure, the government’s capability to acclimatize to changes and others.
The emirate frugality is now more competitive than the advanced countries similar as Australia, Germany, South Korea, the UK, France, and Japan among others.
Among thesub-indexes, the UAE saw its ‘ profitable Performance ’ perfecting from 6th to 4th and ‘ Business Efficiency ’ from 17th to 16th.
Christos Cabolis, the principal economist of the World Competitiveness Centre, praised the UAE and other indigenous husbandry for espousing nimble programs to make a flexible frugality.
“ Navigating moment’s changeable terrain requires dexterity and rigidity. Countries which exceed are erecting flexible husbandry, similar as Ireland, Iceland, and Bahrain. Their governments are also suitable to acclimatize programs grounded on current profitable conditions in a timely fashion. The UAE, Saudi Arabia, Qatar, and Singapore are also crucial exemplifications of this, ” he said.
Encyclopedically, Denmark retained its top position followed by Ireland, Switzerland, Singapore, Netherlands, Taiwan, Hong Kong, Sweden, the USA and the UAE.
“ An adding number of countries are pursuing their own interests. We’re seeing winners and disasters in a environment in which multiple heads are lapping and the world is decreasingly divided between protectionist and open- trade husbandry, ” said Professor Arturo Bris, Director of the World Competitiveness Centre.
All the Gulf indigenous countries recorded a shaft in their rankings with Qatar ranked 18( over 6 positions), Saudi Arabia at 17( over 7 places) and Bahrain at 25( up 5). Ranked 38 encyclopedically, Kuwait is the rearmost frugality to join the ranking, making its début in 2023.
