ID :
11120
Mon, 06/30/2008 - 10:56
Auther :
Shortlink :
https://www.oananews.org//node/11120
The shortlink copeid
Emirates ranks 74th in global business climate
Dubai, June 30, 2008 (WAM) - Ranked by Forbes as the world's fourth top economy in terms of GDP per capita, the UAE came 74th in a list of best countries in the globe for doing business according to a report in 'Khaleej Times'.
In a business climate survey of 121 countries posted on Forbes web site,
while Denmark came top as the best country in the world for business, the
UAE, positioned 74th in the list, fell behind Saudi Arabia, ranked 47, Oman
(48), and Kuwait (58), among the GCC countries. However, the UAE came fourth
in the world in per capita GDP of US$55,200, after Luxembourg (US$80,800),
Norway (US$55,600) and Kuwait (US$55,300).
In the balance of trade, the UAE with US$36.1 billion in surplus, claimed
the 11th position in the list topped by China at US$363.3 billion, followed
by Japan (US$195.9 billion), Germany (US$185.1 billion), Saudi Arabia
(US$88.9 billion), and Russia (US$74 billion).
Citing the Danish economy's mix of low inflation and low unemployment,
emphasis on entrepreneurship and lower taxes, the third annual ranking of
the Best Countries for Business (formerly the Forbes Capital Hospitality
Index), said "these qualities combined with high marks for innovation and
technological savvy lift Denmark to the top of our list." The report, which
analysed business climates in more than 120 national economies, considered
several key aspects including investor protection, which examines the
recourse held by minority shareholders in cases of corporate misdeeds, and
corruption, which looks at the number and frequency of similar misuse of
corporate assets for personal gain.
Together with economic policies supportive of free trade and low inflation,
these key points form a snapshot of countries' suitability for capital
investment.
Topping the list for 2008, Denmark rose three slots from last year, Ireland
(up 19 places to No. 2), Finland (up four to third place), the US (down
three to fourth) and the UK (up five to fifth). Big movers like Ireland,
Estonia (No. 10, up 24 spots) and Saudi Arabia (No. 47, up 37) have limited
bureaucracy standing in the way of entrepreneurs hoping to do business
within their borders.
Saudi Arabia, despite higher inflation from booming oil exports, has tackled
inequities in its markets, expanding investor rights as it evolves from an
In a business climate survey of 121 countries posted on Forbes web site,
while Denmark came top as the best country in the world for business, the
UAE, positioned 74th in the list, fell behind Saudi Arabia, ranked 47, Oman
(48), and Kuwait (58), among the GCC countries. However, the UAE came fourth
in the world in per capita GDP of US$55,200, after Luxembourg (US$80,800),
Norway (US$55,600) and Kuwait (US$55,300).
In the balance of trade, the UAE with US$36.1 billion in surplus, claimed
the 11th position in the list topped by China at US$363.3 billion, followed
by Japan (US$195.9 billion), Germany (US$185.1 billion), Saudi Arabia
(US$88.9 billion), and Russia (US$74 billion).
Citing the Danish economy's mix of low inflation and low unemployment,
emphasis on entrepreneurship and lower taxes, the third annual ranking of
the Best Countries for Business (formerly the Forbes Capital Hospitality
Index), said "these qualities combined with high marks for innovation and
technological savvy lift Denmark to the top of our list." The report, which
analysed business climates in more than 120 national economies, considered
several key aspects including investor protection, which examines the
recourse held by minority shareholders in cases of corporate misdeeds, and
corruption, which looks at the number and frequency of similar misuse of
corporate assets for personal gain.
Together with economic policies supportive of free trade and low inflation,
these key points form a snapshot of countries' suitability for capital
investment.
Topping the list for 2008, Denmark rose three slots from last year, Ireland
(up 19 places to No. 2), Finland (up four to third place), the US (down
three to fourth) and the UK (up five to fifth). Big movers like Ireland,
Estonia (No. 10, up 24 spots) and Saudi Arabia (No. 47, up 37) have limited
bureaucracy standing in the way of entrepreneurs hoping to do business
within their borders.
Saudi Arabia, despite higher inflation from booming oil exports, has tackled
inequities in its markets, expanding investor rights as it evolves from an
