The Doing Business 2015 report, published by
the World Bank and International Finance Corporation (IFC) was greeted warmly
by Dubai Trade, the leading cross-border trade launcher.
According to the report, the United Arab
Emirate (UAE) moved up three positions, in contrast to its last year ranking.
The UAE is now amongst the top ten economies that have showed the most
improvement since last year.
The UAE was delighted by the Doing Business 2015 report and viewed it as an honor because the World Bank and IFC annual reports are internationally considered as the best business index. The yearly report motivates and inspires changes and the introduction of new policies. Thus, being amongst the top ten most improved economies will attract more investments, motivating investors to launch new projects and further enhance the region.
Another report, the Ease of Doing Business, names the best and worst economies for conducting business ventures by taking into account ten diverse features of an economy like trading across borders, new business launches and property that has been registered. According to the report, the UAE is trading with the 189 countries included in the report, and as such has been marked in the top ten countries. The UAE has also been positioned for the eighth successive year, as the first country in the MENA region under the Trading across Borders category.
The UAE was delighted by the Doing Business 2015 report and viewed it as an honor because the World Bank and IFC annual reports are internationally considered as the best business index. The yearly report motivates and inspires changes and the introduction of new policies. Thus, being amongst the top ten most improved economies will attract more investments, motivating investors to launch new projects and further enhance the region.
Another report, the Ease of Doing Business, names the best and worst economies for conducting business ventures by taking into account ten diverse features of an economy like trading across borders, new business launches and property that has been registered. According to the report, the UAE is trading with the 189 countries included in the report, and as such has been marked in the top ten countries. The UAE has also been positioned for the eighth successive year, as the first country in the MENA region under the Trading across Borders category.
The UAE contributed its success to its
innovative business spirit, computerization and simple procedure the nation has
adopted at their ports, including e-payments, e-gate passes and simplistic
clearance procedure. The report shows the UAE is on its way to accomplish its
aim of being one of the best countries on the globe by 2021.
The Doing Business Report 2015 evaluated the
UAE as the only economy in the Middle East to be ranked in the top 25 countries
listed in the report.
Since the previous report, the UAE has improved
in three of the ten features the World Bank and IFC evaluate. The UAE showed
improvement in acquiring credit, registering of property and protecting small
investors. The UAE preserved its previous position, holding its first place
under the paying taxes in ease category, while upholding its fourth position
under acquiring electricity, obtaining permits for construction and
registration of property. On an international level, the UAE came eighth under
the trading across borders category.
Dubai Trade has contributed greatly to the UAE’s overall improvement, by gathering important and relevant information from customers and assembling the information collected through to its state authorities, like the Committee of the Executive Council, the Prime Minister’s office and staff, the Emirates Competitiveness Council and the Dubai Competitiveness Council. The results of the annual Doing Business report, aids the UAE to further improve by introducing new trade modifications and alterations, while also enhancing other sectors by attracting more investments and businesses within the region.
Dubai Trade has contributed greatly to the UAE’s overall improvement, by gathering important and relevant information from customers and assembling the information collected through to its state authorities, like the Committee of the Executive Council, the Prime Minister’s office and staff, the Emirates Competitiveness Council and the Dubai Competitiveness Council. The results of the annual Doing Business report, aids the UAE to further improve by introducing new trade modifications and alterations, while also enhancing other sectors by attracting more investments and businesses within the region.
The UAE view their success to their leadership
and their motivation to develop and launch projects similar to those developed
in the majority of OECD countries like Denmark, New Zealand, Norway, Korea, the
UK, Finland, the USA and Australia. The UAE is proud to be ranked amongst the
leading economies of the world as being a business-friendly environment. In
addition, it is noteworthy to mention that the UAE’s position improves every
year.
Dubai Trade is attentively cooperating with its
trade partners and logistics, such as the Dubai Customs, DP World and Economic
Zones World. Dubai Trade intends to further improve the procedures of
conducting business in Dubai in order to maintain its high-ranked position
within the MENA region as well as in the international scope. It aims to
decrease export and import fees, paper work and time. Presently three documents
are required to be submitted concerning exports and five are needed for
imports. In addition, in comparison to OECD, which takes about ten days to
export and seven days to import, the UAE only takes seven days for both.
No comments:
Post a Comment