UAE named most economically stable country in the world

The United Arab Emirates, or UAE, is a federation of seven emirates on the southeast end of the Arabian Peninsula. The country, wedged between Oman and Saudi Arabia, has rocky desert, wetlands, waterless mountains and coastlines that stretch along the Gulf of Oman and the Persian Gulf.

The UAE is known for its two largest cities, Dubai and Abu Dhabi, which draw millions of tourists each year. Dubai, a regional business hub known for its sleek skyscrapers, is home to the largest building in the world – the Burj Khalifa. Abu Dhabi is the seat of the Federal National Council and serves as the national capital of the UAE.

United Arab Emirates Rankings

Lieutenant General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, tweeted to mark the occasion: ‘The UAE ranks first in the world in terms of economic stability, according to US News. This high ranking is based on our continued commitment to keeping manufacturing costs low, creating a favourable tax environment, reducing bureaucracy, ensuring there is no corruption, and supporting transparency in government practices.’

https://twitter.com/SaifBZayed/status/1850064952142303573/photo/1

These rankings are part of the U.S. News Best Countries rankings, now in their ninth year, and were developed in partnership with the Wharton School at the University of Pennsylvania and global marketing services company WPP.

It reflects not only a country’s economic performance, but also how it is perceived on the global stage. Countries were assessed across ten thematic sub-categories, including adventure, openness to business, and quality of life. The UAE’s highest score for economic stability falls under the ‘Open for Business’ sub-category, which takes into account elements such as tax rates and government transparency that are critical to attracting global business and investment.

The approach this year involved surveying nearly 17,000 people from around the world, including knowledgeable elites, business decision-makers and the general public.