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English news

28-Sep-2016

UAE most competitive economy in MENA, according to WEF

The World Economic Forum (WEF) ranked UAE as the most competitive economy in the Arab World, and in the top 20 of the best performing economies in the world. The 2016 global competitiveness report – an assessment of productivity and economic health in 138 countries – puts the Emirates at 16th position in the world, up one place from last year and the highest placed in the Middle East and North Africa. The UAE performance lifts it above Qatar, which slipped two places to 18th , Saudi Arabia at 29th and Kuwait at 38th. (The National)

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