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UAE economy performs better than expected, on track towards recovery in 2021

UAE economy is heading towards recovery despite current challenges

UAE economy is heading towards recovery despite current challenges 2 hours ago Picture used for illustrative purpose. The UAE economy performed better than expected in 2020 despite the current global challenges brought about by the COVID-19 pandemic, said Abdulla Bin Touq Al Marri, UAE Minister of Economy, following the issuance of the preliminary results of the country’s economic performance by the Federal Competitiveness and Statistics Centre. The results highlight the effectiveness of the proactive economic measures and incentive packages rolled out by the UAE government, based on policies that highlight the country’s speed and flexibility in responding to global changes, as well as its constant efforts to promote economic diversification.

UAE boosts its position in global competitiveness indexes

UAE boosts its position in global competitiveness indexes 4 hours ago Business Bureau, Gulf Today The UAE has strengthened its leading position in international competitiveness indexes, related to banking and fiscal policies, by securing places among the top 20 countries in 11 related competitiveness indexes in 2020. This overall achievement highlights the flexibility and attractiveness of the policies implemented by the UAE that support national growth. The Federal Competitiveness and Statistics Centre (FCSC) documented the international successes that ranked the UAE among the top 10 countries, in terms of banking and fiscal policies, most notably the IMD World Digital Competitiveness Ranking and the World Economic Forum Global Competitiveness Report 4.0, as well as the Legatum Prosperity Index and the IMD World Competitiveness Yearbook.

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