DUBAI, 22nd January, 2018 (WAM)

The UAE occupied the first regional position and the 17th international position on the Global Talent Competitiveness Index, GTCI, according to the 2018 publication issued by INSEAD.

The report is a comprehensive annual index that measures how countries and cities grow, attract and retain talent, providing a unique resource for decision makers to understand the global talent competitiveness picture and develop strategies for boosting their competitiveness.

In this year’s report, the UAE advanced two positions in compared to last year’s ranking. The UAE retained its rank among the 20 best countries in the world on the index, topping GCC, Middle East and African countries

Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation and Chairwoman of Federal Competitiveness and Statistics Authority, FCSA, expressed her pride in this achievement and thanked all government authorities and private sector companies for their co-operation in supporting the UAE’s competitiveness.

She stressed that UAE’s progress in the talent competitiveness index proves to the world the efficiency of its comprehensive development strategy, based on the directives of its wise leadership, aimed at building a knowledge-based economy, as well as its success in providing an environment that attracts talent.

Malik Al Madani, Director of the Competitiveness Strategy Department in FCSA, stressed that the UAE is harvesting the fruits of years of hard work to provide a solid infrastructure and an attractive economic and investment environment as well as establish an advanced education sector. He pointed out that all these components promote the development of human resources in the country and support its progress and international competitiveness.

Al Madani also added that the UAE achieved an exceptional performance in a number of key pillars and sub-indexes in this year’s report, after occupying the first international position in five sub-indexes including easy employment, each employee’s productivity, and international students’ attraction

The report also indicated that the UAE achieved the second international position in the strength of work relations between the government and business index, economic blocs/free zones, attracting minds and talents, and the third international position in the foreign direct investment and technology transfer and maintaining minds and talents.

This year’s report also witnessed an improvement in a number of pillars and sub-indexes as the country jumped by 13 positions compared to last year’s ranking to the first international position in the professional and technical skills pillar, measuring the availability of the required professional and technical skills in the different labour market sectors.

The UAE secured the third place internationally in attraction, which evaluates its ability to attract the best skills from outside the country, in addition to the country’s advancement of 19 levels in this year’s report in the growth axis, which measures the average growth of talent available in the country.

Al Madani said that the country is working to achieve its vision of becoming one of the best countries in the world by the UAE Centennial 2071, by focusing on future foresight, building an economy based on knowledge, creating an attracting business atmosphere, following innovation, and providing an advanced knowledge infrastructure, which supports the creation and exchange of knowledge.

The 2018 edition of GTCI includes 68 variables (65 in 2017), covering 119 countries and 90 cities (respectively 118 and 46 in 2017). This year again, GTCI scores are led by developed, high-income countries.

Switzerland maintains its number 1 position, followed by Singapore and the United States.

European countries continue to dominate the GTCI rankings, with 15 of them in the top 25.

Among the non-European countries ranking high this year, are Australia (11th), New Zealand (12th), Canada (15th), the United Arab Emirates (17th), and Japan (20th) for example.

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• The event included 20 workshops in English and French discussing the World Bank’s Ease of Doing Business Report.
• Bilateral meetings brought the Federal Competitiveness and Statistics Authority with high-profile visitors to explore partnership opportunities.
• Participating Ministers were gifted copies of ‘My Story’, the book authored by H.H. Sheikh Mohammed bin Rashid Al Maktoum.

Dubai, December 16, 2019

The third Doing Business Technical Deep Dive has concluded its activities in Dubai, hosted over the course of four days by the Federal Competitiveness and Statistics Authority (FCSA) in coordination with the UAE Ministry of Finance.

The event focused on the Ease of Doing Business Report, published by the World Bank Group. It brought together more than 350 economics experts from over 45 countries in the region and the world, covering Sub-Saharan Africa, the Middle East and North Africa (MENA), and Asia.

FCSA Director General and head of the event’s organising committee His Excellency Abdulla Nasser Lootah delivered a closing speech, saying: “We were delighted to host the World Bank team and all participating delegations, ministers, lawmakers, and economists. The event included panel discussions and in-depth debate, where attendees exchanged expertise and best practices in the ease of doing business sector, strengthening efforts to enhance investment and business environments in participating economies.”

Lootah thanked partners from federal and local government entities in the UAE, as well as the private sector, for their contributions and support for the third High-Profile Doing Business Technical Deep Dive, whether by providing resources and talent, or welcoming participating delegations for field visits to showcase the UAE’s pioneering experience in the ease of doing business sector.

Meanwhile, the World Bank team extended its gratitude for the warm welcome participating delegations received, commending Emirati hospitality and the impeccable organisation of the event over its four days. World Bank officials underlined the importance of these meetings in providing a common platform for dialogue among participating countries – all included in the Ease of Doing Business Report – where they can exchange knowledge, best practices, and success stories in the field.

The sessions and workshops on the event’s agenda witnessed significant turnout from participants in the third High-Profile Doing Business Technical Deep Dive, who attended 20 workshops, prepared and delivered – in English and French – by renowned economists and experts tasked with compiling the World Bank’s Ease of Doing Business Report.

H.E. Lootah lauded the great turnout at the event’s activities, saying that it reflects the quality of the knowledge content it provides. “The workshops were referred to as ‘Technical Clinics’, seeing as their main objective was to remedy the challenges and obstacles facing policymakers in their plans to enhance the work environment in their countries,” he said. “The sessions are organised by World Bank experts in government policy, economics, investment, foreign trade, and mass communication.”

The event discussed the opportunities and challenges facing the drafting and improvement of laws, legislation, and procedures surrounding doing business, as well as the basic stages that all economic establishments go through, from launching operations, to securing construction permits, registering property, getting credit, protecting minority investors and legal rights, paying taxes, cross-border trade, enforcing contract, and handling cases of insolvency.

The organising committee sought to ensure international delegations have an authentic Emirati experience, where groups of Emirati children, dressed in traditional clothing, welcomed them with traditional rose water sprinklers to the tone of Emirati folk music during breaks between sessions. Visitors were also treated to traditional local dishes such as Batheeth, Rangeena, and Arabic coffee, served during authentic Yola and Ayala performances. Organisers presented their visitors with souvenirs inspired by the UAE’s heritage such as wicker baskets made especially for the occasion by members of the Productive Families Programme.

Prominent Visitors Applaud ‘Well Organised’ Event

The third High-Profile Doing Business Technical Deep Dive received extensive praise from renowned international visitors for being well organised, as well as for the warm welcome visitors received, which reflected Emirati values of hospitality and the UAE’s professionalism in organising global knowledge events.

The visiting dignitaries, including several ministers, convened in bilateral meetings with the FCSA team on the side lines of the Deep Dive, held in Dubai this week.

H.E. Pholile Shakantu, Minister of Justice -Eswatini, stated that the third High-Profile Doing Business Technical Deep Dive is particularly important for developing and facilitating business, offering a platform for dialogue and the exchange of creative ideas to utilise the Report and its indexes to improve laws and procedures.

Meanwhile, Senator Manqoba Khumalo, Minister of Commerce, Industry & Trade from Eswatini, applauded the event and the advanced level of communication and interaction among participants, saying that Dubai impressed him with its opulence and generosity.

For his part, HE. Oumarou Alma, Minister – Special Adviser to the President of the Niger Republic, said: “As the third High-Profile Doing Business Technical Deep Dive draws to a close, I cannot help but express my sincere gratitude to the United Arab Emirates, and to the World Bank delegation, for the warm reception and impeccable organisation. The event is a must-attend function and an unparalleled occasion for exchanging expertise, opinions, and best practices for the entities tasked with rolling out economic reforms in Africa and the Middle East.”

“I thank the UAE and the World Bank once again,” H.E. Oumarou added, “and a special thank you goes to H.E. Abdulla Lootah, Director General of the Federal Competitiveness and Statistics Authority, and his team for their constant support and their efforts to organise this event, which has made our stay in Dubai – the city of the future – all the more advantageous.”

The organising team presented visiting dignitaries with copies of ‘My Story’, the book authored by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai.

The UAE ranks among the world’s top 20 economies, and came in 16th place on the annual Ease of Doing Business Report, which tracks 190 countries around the world. The Emirates led the entire Arab region on the ranking for the seventh consecutive year. Furthermore, the UAE ranked among the international top 10 on four of the Report’s 10 categories, ranking first in the world in terms of ease of connecting to the electrical grid; third in terms of ease of securing construction permits; ninth in terms of enforcing contracts; and tenth in terms of ease of registering property.

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• The emirate is hosting the event for 4 days, under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance.

• The event is organised by the World Bank Group, with the support of the UAE’s Federal Competitiveness and Statistics Authority (FCSA).
• H.E. Hessa Buhumaid, Minister of Community Development: The UAE welcomes the findings of the Doing Business Report with an open mind, implementing them to rank among the top countries in the world on the index.
• H.E. Abdulla Lootah, FCSA Director General: The UAE uses the Report’s findings to launch projects and update legislations and procedures to be in line with reality and pave the way for a better future.
• H.E. Matthew Hawkins, New Zealand’s Ambassador to the UAE: The ease of doing business in the UAE is one of the leading factors that have made it an important business and commercial hub for our country.

Dubai, December 10, 2019

The third high-profile Doing Business Technical Deep Dive kicked off in Dubai today, hosted by the Federal Competitiveness and Statistics Authority (FCSA) in coordination with the Ministry of Finance.

Held under the patronage of His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, the event addresses the World Bank’s Doing Business Report, bringing together a host of renowned policymakers and experts in economics and business to explore opportunities and exchange expertise.

The meeting is scheduled to take place over the course of four days, under the theme ‘Global Aspiration Towards Business Growth and Economic Prosperity”. It brings together more than 350 experts from 45 countries in Sub-Saharan Africa, the Middle East and North Africa (MENA), and Asia. The agenda includes several panel discussions, workshops, lectures, and field trips to explore best practices in government entities around the UAE that have earned high global rankings on the Doing Business Report.

In her opening speech, Her Excellency Hessa bint Essa Buhumaid, Minister of Community Development, said: “The UAE has established partnerships with the World Bank and the International Finance Corporation that have led to a host of successes and accomplishments across various sectors. Our cooperation to support competitiveness is one of our most successful; the UAE believes in the Doing Business Report, welcomes its findings with an open mind, and implements its recommendations to advance through the ranks and assume the top spots among the countries of the world on the index.”

“Our journey with competitiveness has had its fair share of challenges and successes that have propelled the UAE to the top ranks on numerous international competitiveness indexes,” H.E. added. “What the United Arab Emirates accomplished in the past few decades, and what it still plans to accomplish, will serve as a solid foundation upon which we can build a competitive knowledge economy driven by human skills, and capable of materialising the Fourth Industrial Revolution as on-the-ground projects and initiatives that serve to achieve the UAE Centennial 2071 Plan.”

“We are gathered here today to discuss the Doing Business Report, but there are other reports we need to focus on as well,” H.E. Hessa Buhumaid explained, citing the report titled ‘Women, Business, and the Law’ and the Human Capital Index. “With an abundance of reports available, governments now look to technical committees in the World Bank to listen to opinions and suggestions from relevant entities in their respective countries, and accept their feedback with an open mind.”

For his part, His Excellency Abdulla Nasser Lootah, Director General of the FCSA, said: “We take international reports very seriously here in the UAE; we use them to launch projects and update legislations and procedures to be in line with reality and pave the way for a better future. We all have a common goal: to develop a single, unified approach for analysing and understanding the Doing Business Report and its projections for the upcoming years. We are here to exchange expertise and connect with experts and specialists.”

“I have no doubt that the World Bank team will be taking this opportunity to have a closer look at the countries covered by the report, and exploring ways for countries to work together and make the study more credible and pertinent,” H.E. Lootah concluded.

Meanwhile, H.E. Matthew Hawkins, New Zealand’s Ambassador to the UAE, said: “The ease of doing business in the UAE is one of the leading factors that have made it an important business and commercial hub for our country. The UAE’s success is our success; we are delighted to see the momentous leaps it has taken in the past decades on the Ease of Doing Business Report.”

Participants at the Doing Business Technical Deep Dive will explore the opportunities and challenges facing efforts to draft and improve business legislations and procedures, highlighting the various stages economic establishments go through from beginning their operations, to securing construction permits and electricity services, registering trademarks, applying for credit, protecting minority investors, paying taxes, cross-border trade, enforcing contracts, and conflict resolution.

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Dubai, UAE, December 8, 2019

The World Bank Group, with the support of the United Arab Emirates Federal Competitiveness and Statistics Authority (FCSA) will host, from December 10 to December 13, 2019 in Dubai, the third Doing Business Technical Deep Dive, a Masterclass and a knowledge sharing platform on the reforms counted by the World Bank Group’s Doing Business report. The event will welcome participants from over 30 countries in Africa, Asia, Europe, the Middle-East and Oceania.

The Technical Deep Dive gathers reform experts and policy makers to discuss the methodology and indicators of the Doing Business report, share best practice on identifying bottlenecks to private sector development and enacting relevant reforms, participate in targeted capacity building and networking sessions and use those interactions to update their country reform action plans.

His Excellency Abdulla Nasser Lootah, Director General of the Federal Competitiveness and Statistics Authority (FCSA), said: “Holding the third Doing Business Technical Deep Dive here in the UAE is a testament to the country’s success in firmly establishing itself as a destination of choice for business and economic leaders, partners, and organizations. It reflects the great confidence our partners at the World Bank and IFC have come to place in the UAE to host meetings of this high caliber. With prominent delegations of decision-makers and accomplished economics and business experts slated to attend, the much-anticipated event marks yet another milestone on the UAE’s journey to achieve the UAE Vision 2021 and implement the Sustainable Development Goals 2030.”

The 2020 Doing Business report, which was launched on October 24, 2019, shows that reform expertise is growing in the Middle-East and Africa regions. Economies in the Middle East and North Africa implemented a record 57 business-friendly reforms and hosted four of the countries that improved the most world-wide in the ease of doing business – Saudi Arabia, Jordan, Bahrain, and Kuwait. Sub-Saharan African countries implemented a total of 73 reforms, with Nigeria and Togo making the list of the global top reforming countries while Mauritius ranked as 13th easiest place to do business in the world.

The UAE ranks 16th globally and is the highest-ranked economy in the Middle-East and North Africa region. The Technical Deep Dive will offer the opportunity to aspiring reformers from across the globe to learn from the UAE’s best practices and share their efforts aimed at narrowing the gap with top reforming economies in the world.

The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. Launched in 2002, it looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.

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