Emirates ease of doing Business in 2016: UAE ranked first in Arab world by World Bank:
The World Bank reported the ‘Ease of Doing Business for the year 2016’, which declared the UAE first among Arab countries for the third consecutive year ahead of other countries.
The World Bank report comparing the performance of 189 states for facilitating business claims that UAE has excelled and occupied 31st rank globally this year.
The UAE is also in the list of top 5 countries in the world concerning non-payment of taxes.
At the district level, the UAE is among top countries of the region in the figure of standard developments by the World Bank during last year in the release of electricity, handing out of the construction permits, giving security to investors and enforcement of contracts.
The UAE was positioned first provincially in both managing the development permits, the conveyance of power, the assurance of little financial specialists and enlisting property and the non-payment of taxes, which does not influence business, preparing development licenses and the implementation of agreements.
The report also praised the developments carried out by the UAE.
The Ease of Doing Business report 2016 is a standout amongst the most occasional reports issued by the World Bank Group. This report is variant 13 in a progression of yearly reports that measure the techniques and enactment, which advance the exchange movement and interest in the states.
It presents quantitative indicators on business guidelines and the security of property rights which could be contrasted across 189 economies.
UAE 1st in Mena and globally 4th in generating electricity
The UAE has, for the third continuous year, been positioned first in the Middle East and North Africa, (Mena) and fourth universally in generating power, as per the World Bank’s Doing Business 2016 report, which measures the simplicity of working together in 189 nations around the globe.
Al Tayer noticed that Dewa has kept its position as the first in Mena and fourth all around despite the fact that the Doing Business 2016 report has widened the extent of getting power markers to offer a more finish perspective of the power segment. The report has added another marker to survey the unwavering quality of power supply, which is essential for business exercises, by measuring both the length of time and the recurrence of force blackouts experienced by a client in a year.
Dewa’s outcomes are among the best globally. Dewa’s ‘client minutes lost every year’ in 2014 was 4.9 minutes, contrasted with 15 minutes recorded by driving utilities in the European Union. Dewa has accomplished a few breakthroughs comprehensively, surpassing real European and American organizations in distinctive regions. For instance, misfortunes in influence transmission and conveyance systems diminished to 3.26 for each penny, contrasted with 6-7 for every penny in Europe and the USA. Water system misfortunes diminished to 9.1 for each penny, contrasted with 15 for each penny in North America.