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FinancialNews
27-10-19
UAE ranked 11th in global rankings for ease of doing business
(MENAFN) According to the World Bank the United Arab Emirates is considered as the highest ranking economy in the Middle East and North Africa region when it comes to ease of doing business.
In the latest report, the UAE was ranked 11th globally (up from 21st last year), with the World Bank highlighting the country"s efforts to make it easier to start a business by improving online registration, eliminating all costs for commercial and industrial connections of up to 150 kilo-Volt-Amperes (kVA), making registering property easier by increasing the clearness of the land administration system, and strengthening access to credit.
The report said: "Training formed a central part of the United Arab Emirates" strategy to modernise its judiciary and has been instrumental in the successful creation of specialised commercial courts, the introduction of electronic case management systems and the implementation of a new insolvency regime."
MENAFN2710201900450000ID1099185309
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