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UAE shines in global entrepreneurship rankings
09 May 2021
Business Bureau, Gulf Today
Reports from 5 specialised global institutions revealed that the UAE is among the 20 leading countries in 13 global competitiveness indexes related to entrepreneurship in 2020, a testament to the UAE’s forward-looking policies on entrepreneurship.
According to the Federal Competitiveness and Statistics Centre (FCSC), the UAE’s international successes included top rankings in the IMD World Competitiveness Yearbook, the Travel and Tourism Competitiveness Report, the Global Competitiveness Report 4.0, the IMD World Digital Competitiveness Ranking and the Doing Business 2020 Report.
The reports show the UAE’s success in providing the best legislative and procedural frameworks to drive entrepreneurship in the country, be it in business agility, the availability of investment capital or the conducive climate for establishing SMEs, surpassing several leading global economies, inclu
UAE scores high in global entrepreneurship rankings
Muzaffar Rizvi/Dubai Filed on May 9, 2021
The UAE’s incredible track record in entrepreneurship over the past year has helped make it among the world’s most pioneering countries in the sector. File photo
Reports from five specialised global institutions disclosed that the UAE is among the 20 leading countries in 13 global competitiveness indexes related to entrepreneurship in 2020
The UAE’s forward-looking policies on entrepreneurship yielded positive results as the emirate joined top 20 nations for creating competitive environment for nurturing entrepreneurs in the country.
Reports from five specialised global institutions disclosed that the UAE is among the 20 leading countries in 13 global competitiveness indexes related to entrepreneurship in 2020.
The United Arab Emirates’ (UAE) economy performed better than expected in 2020 despite the current global challenges brought about by the COVID-19 pandemic, said His Excellency 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 UAE government’s proactive economic policies in dealing with the repercussions of the crisis, and the launch of supportive economic packages had a positive role in limiting the negative effects of the pandemic on various vital sectors and on economic activity in particular.
The activation of all economic initiatives related to non-oil sectors and activities contributed positively to enhancing the stability of the country’s non-oil domestic product in the year 2020, as it reached AED 1,005.6 billion at constant prices.
UAE economy fell 6.1% last year as COVID-19 crisis hit key sectors
The United Arab Emirates economy shrank 6.1% last year as the coronavirus crisis hit several key sectors
Reuters | May 3, 2021 | Updated 10:58 IST
The United Arab Emirates economy shrank 6.1% last year, the country s statistics centre said on Sunday citing preliminary data, as the coronavirus crisis hit several key sectors. The country s economy is linked through foreign trade, foreign investment, tourism and the logistical sector with the movement of trade and investment and global transportation, which declined significantly in 2020 worldwide, the Federal Competitiveness and Statistics Centre said in a report.
The non-oil economy shrank by 6.2%, it said, with sectors such as accommodation and food services declining by 23.6%, wholesale and retail trade by 13.1% and construction by 10.4%.