According to the Heritage Foundation, the UAE ranked 8th place in the Economic Freedom Index 2017 out of 180 countries. The UAE also ranked in the 10th place out of 63 countries according to the IMD World Competitiveness Index 2017. In addition, it ranked in the 21st place out of 190 countries in Ease of Doing Business report issued by the World Bank Group in 2017. Furthermore, the UAE held the 35th place our of 127 countries in the Global Innovation Index of 2017
The UAE has always been cited as an example for promoting innovation in both the private and public sectors and creating an enabling regulatory environment complemented by modern physical as well as information and communication infrastructure, research and development and human capital development, and entrepreneurial capabilities and linkages to tap into global knowledge and financing arrangements.
The thrust being given to innovation has led to real economic growth in the UAE averaging at five per cent a year during the past decade and a half, while non-oil economic activities have grown steadily.
United Arab Emirates
Country Facts
Federation of Euro-Asian Stock Exchanges
Capital Market Information
Economic Development and Outlook
Key Highlights of the year 2016 2017
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