United Arab Emirates was ranked 1st globally in a number of sub-indices, including infrastructure, adaptability of government policy, immigration laws, income distribution, tax evasion, collected personal income tax, redundancy cost, management of emirates, growth in population, dependency ratio of family members on each other, highest internet users and more.
In MENA region, Qatar came second with 18th position globally, followed by Saudi Arabia (24th), Israel (25th) and Bahrain (30th).
Also Read: The luxurious residences continue to be a popular choice with both locals and ex-pats in Dubai
The research, which is conducted annually, covered 63 countries and looked at four key indicators – economic performance, government efficiency, business efficiency and infrastructure, where each of them has many sub-indices.
Also Read: UAE National Day, December 2, how to watch the grand ceremony live
However, the UAE saw a major improvement in many sub-indices including gross fixed capital formation real growth, renewable energies, real GDP growth, government budget surplus due to oil prices, improvement in the current account balance, increase in stock market capitalization, improvement in labour force and low unemployment rate and exports.