UAE Leads Middle East in Ease of Doing Business Ranking
The UAE continued to keep its lead in the Middle East and Arab region in the World Bank’s Ease of Doing Business ranking 2020 with 16th position in the global ranking of 190 countries. The country was ranked 11th position in the World Bank ranking in 2019. Despite a dip in the overall ranking, the UAE continue to keep its score high in key areas of the global ranking. The World Bank report makes special mention of reforms undertook by the UAE last year such as making starting of a business less expensive by reducing the fees for business incorporation, easier construction permits by using a risk-based approach to reduce the number of inspections, improving minority investor protection, ease of paying taxes and making trading across borders easier by reducing the time to export by fully digitizing certificates of origin and [...]