Dubai: The UAE retained its top position in competitiveness in the Arab world moving up one position to 16th in the global competitiveness raking in the World Economic Forum’s Global Competitiveness Report 2016-2017.
Along with the UAE, Qatar (18th) and Saudi Arabia (29th) were in the top 30 global ranking. For the eighth consecutive year, Switzerland ranks as the most competitive economy in the world, narrowly ahead of Singapore and the United States. Following them is Netherlands and then Germany.
The report notes that the UAE has been building on improvements in competitiveness in recent years. This year small gains in …
Many factors have affected the real estate sector over the last two years, but the industry remains resilient and investment opportunities abundant as the country looks to the future according to Ryan Fansa, Director, Head of Real Estate, Al Masah Capital.
U.A.E. Macroeconomic Environment Overview
From 2012 to 2014, the U.A.E. experienced a long-awaited upswing in economic growth since the global financial crisis. Effective governance at the emirate and federal levels, high oil prices, the recovering global economy and the tourism boom all coincided with the economy’s return to health and pre-global recession growth rates. …
Dubai: Business conditions in the UAE seem to have improved, with the growth of the non-oil private sector accelerating to a ten-month high, partly buoyed by a slight uptick in hiring activity in certain industries, according to the latest data.
The Emirates NBD Purchasing Managers’ Index for July, a benchmark for the operating conditions in the non-oil private sector, indicated that some companies are still hiring new employees.
The bank said the pace of hiring "quickened to a 14-month high," contrasting with the trend over the second quarter, when employment was either stagnant or barely rising.