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The UAE ranks first in the Arab world and 27th in the World Competitiveness Report of the World Economic Forum in Davos, 2018.
The new global competitiveness report, which includes 140 countries, focuses on the fourth industrial revolution, innovation and the concepts of the new knowledge economy.
The report ranked the UAE among the world's largest economies because of ongoing economic improvements by the government. The Law on Value Added Tax, promulgated earlier this year, and the Bankruptcy Law, promulgated last year, On the list of the best of the Arab region.
In this year's report, the UAE achieved the best results in terms of four sub-indices: the index "annual absence of change in inflation", the indicator "dynamic of debt ", the index" subscriptions to the mobile Internet "and the index" Electricity ratio from the population ".
The UAE ranks second in the world in terms of "mobile subscriptions per 100 inhabitants" and third in terms of the "reduced burden of government procedures" index and "l & # 39; 39, the impact of taxes and subsidies on commercial competition "" He said.
The country ranked seventh in the world for the index of efficiency of air transport, the index of practices of employment and separation, the ninth index, "non-tariff barriers "," Quality of the Road "and the 10th" Easy to Find Skilled Employees "Index. "He said.
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