The UAE also ranked 23rd globally in 'Entrepreneurship,' and tops the list for Arab nations.
According to the report, which is compiled in partnership with Bav Group and Wharton School of the University of Pennsylvania, "The World Bank predicts the global economy will grow at the fastest rates it’s seen since the global financial crisis for the next couple of years," adding, that "nations that differentiate themselves are those that have the resiliency and momentum to overcome the challenges."
The UAE received the ranking based on several attributes, including levels of "Distinctiveness", "Difference," "Uniqueness," and "Dynamism."
The UAE also ranked 23rd globally in "Entrepreneurship," and tops the list for Arab nations. The Entrepreneurship sub-ranking relates to how a country is connected to the rest of the world, how educated its population is, its entrepreneurial level and innovation, as well as how it "provides easy access to capital, skilled labour force, technological expertise, transparent business practices, well-developed infrastructure and well-developed legal framework," the study added.
Best Countries is a rankings, news and analysis project created to capture how countries are perceived on a global scale. The rankings evaluate 73 countries across 24 rankings drawn from a survey of more than 20,000 global citizens, measuring 75 dimensions that have the potential to drive trade, travel and investment and directly affect national economies.
Regional and multi-national financial institutions are rolling out digital platforms to transform customer experiences, optimise costs, and meet data regulations. As a result, Clifford Chance says Mena’s Fintech market will top $2.5 billion by 2022.
This is another testament to the success of the country's financial and economic vision and policies, and the strength and stability of its economic, financial and credit sectors.
China with its digital yuan is a leader in the field of digital currencies.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on the basis of an assessment of the current and evolving macroeconomic situation, on Thursday
National Bonds has announced a new partnership with Emirates General Petroleum corporation (Emarat), aiming to enhance financial security for Emarat employees
As part of Adnoc’s In-Country Value programme, at least 75% of the total contract value for dredging, land reclamation and marine construction of an artificial island "G” for the Lower Zakum offshore field will flow back into the UAE economy.
"To pave the way for a final review under the current EFF, it is essential to restore the proper functioning of the foreign exchange market," the multilateral lender's resident representative for Pakistan, Esther Perez Ruiz, told the media.