UAE recognized as the world’s most economically stable nation

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11-Nov-2024

The UAE has been recognised as the most economically stable country globally, topping a list of 89 nations in the latest rankings by US News & World Report. The UAE's success is attributed to its low manufacturing costs, favorable tax environment, minimal bureaucracy, absence of corruption, and transparency in government practices, allowing it to outpace long-time economic leaders. Following closely in the rankings are Germany, Canada, Japan, Australia, Sweden, Denmark, the Netherlands, and Saudi Arabia, which have made significant strides in various economic parameters. The rankings not only reflect the economic performance of nations but also how they are perceived on the global stage. The UAE's top score in economic stability falls under the 'Open for Business' subranking, which factors in elements like tax rates and government transparency, crucial for attracting global business and investments.

 

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