ID :
24850
Thu, 10/16/2008 - 15:12
Auther :
Shortlink :
https://oananews.org//node/24850
The shortlink copeid
UAE tops prosperity index in the Arab World
Abu Dhabi, Oct 16, 2008 (WAM) - The UAE has been rated the best country in the Arab World in promoting prosperity and general satisfaction with life in a global survey of 104 states according to a report in “Emirates Business 24|7”.
The country – which was placed 28th in the world – owes its high ranking to Dubai's diversified economy, according to the report by the Legatum Institute.
"Within the UAE, Dubai has moved past dependence on oil exports towards a more diversified economy based on attracting international capital and talent," says the institute, an independent policy, advocacy and advisory organisation.
"Consequently the UAE has an extraordinarily high migration and therefore opportunity score, as global workforce has flocked to the opportunities created by Dubai and its fellow emirates."
As well as achieving a high overall ranking in the institute's 2008 Global Prosperity Index, the UAE performs well in individual categories. It ranks 24th in terms of per capita income at US$22,698 (Dh 83,301), well above Saudi Arabia (US$14,769) but just below Kuwait (US$23,416). The UAE is 21st in the world in the satisfaction with life category, surpassing major economies such as Italy (22nd), Singapore (23rd), Germany (25th), Japan (30th) and Hong Kong (53rd).
The country – which was placed 28th in the world – owes its high ranking to Dubai's diversified economy, according to the report by the Legatum Institute.
"Within the UAE, Dubai has moved past dependence on oil exports towards a more diversified economy based on attracting international capital and talent," says the institute, an independent policy, advocacy and advisory organisation.
"Consequently the UAE has an extraordinarily high migration and therefore opportunity score, as global workforce has flocked to the opportunities created by Dubai and its fellow emirates."
As well as achieving a high overall ranking in the institute's 2008 Global Prosperity Index, the UAE performs well in individual categories. It ranks 24th in terms of per capita income at US$22,698 (Dh 83,301), well above Saudi Arabia (US$14,769) but just below Kuwait (US$23,416). The UAE is 21st in the world in the satisfaction with life category, surpassing major economies such as Italy (22nd), Singapore (23rd), Germany (25th), Japan (30th) and Hong Kong (53rd).
