Friday, December 13, 2019

May 24 18, 9:28 am

Religious tolerance begets love via serendipity

DUBAI: Thanks to UAE’s religious tolerance, Dubai now has married couples whose beginnings go back to cool December evenings at St. Mary’s Church where they attended Simbang Gabi and serendipity put sparkles in their eyes. This, according to Emolyn “Tita Ems” Bucsit,...

Giant IKEA store in Dubai to open this December

Swedish Furniture giant IKEA will open its second store in Dubai on December 18, 2019. The new superstore will have an area of 35,000 square meters including a 5,000 square meters training area for IKEA employees. The IKEA in Dubai South will house 120 shops, 40 cafes...

PDEA Chief Aquino says drug war better off without Robredo

Philippine Drug Enforcement Agency Director General Aaron Aquino revealed that the war against drugs will be better after Vice President Leni Robredo left her post. Robredo was fired as co-chair of the Inter-Agency Committee on Anti-Illegal Drugs or ICAD. She was...

UAE first in Gulf region, seventh globally in IMD competitiveness ranking

by | News

May. 24, 18 | 9:28 am

The UAE has been deemed the most competitive economy in the Gulf region and seventh globally according to the 2018 World Competitiveness Yearbook, published by the International Institute of Management Development (IMD).

The report showed that the UAE climbed 21 spots in the list from 2011 to 2018 and has outshined several advanced global economies including Sweden, Norway, and Canada.

The UAE came first globally and scored high in terms of government decisions, public-private partnership projects, employment, and international talent.

The UAE also came second globally in the Business Efficiency category, and third globally in the Diversification of Economy and City Management indicators.

It likewise ranked fourth in the Energy infrastructure and Development and Application of Technology categories.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, underscored the importance of this feat and stated that the UAE’s experience is a regional one that led to a top global rank.
”An experience of determination and success that is open for all the Arab nations. We will continue enhancing our business environment, our infrastructure, and our resources, because we want a better life for our people and all the residents in the UAE,” the Dubai Ruler said.

His Highness added that, “UAE’s competitiveness journey is an accelerating one, and it only makes us more determined to reach the highest ranks.

The IMD World Competitiveness Yearbook 2018 is comprised of four key factors, 20 sub-factors and 340 indicators that cover all the major areas of a nation’s competitiveness in social, administrative, business economic topics that also include government efficiency, education and innovation

In the Economic Factor, the UAE moved from fifth globally in 2017, to third globally this year. It also retained its fourth global rank in the government efficiency factor.

As for Business Efficiency, the Gulf state kept its second rank globally and achieved the first rank worldwide in seven indicators such as Overall Productivity, Industrial Disputes, Labor Force Percentage of Total Population, International Experience, and Attitudes Towards Globalization.

Commenting on this year’s performance, Reem bin Ibrahim Al Hashimy, Minister of State of International Corporation and Chairwoman of the Federal Competitiveness and Statistics Authority (FCSA), said: “We wish to congratulate the UAE leadership and people for this great achievement and comment the collaborative efforts of all the local and federal government entities that worked hand in hand, in support of UAE international competitiveness and the progress it made this year.”

The IMD World Competitiveness Center, a research group at IMD business school in Switzerland, has been publishing the rankings every year since 1989. This year, 63 countries have been ranked and included in the list.

Jobs

Latest News

Religious tolerance begets love via serendipity

Religious tolerance begets love via serendipity

DUBAI: Thanks to UAE’s religious tolerance, Dubai now has married couples whose beginnings go back to cool December evenings at St. Mary’s Church where they attended Simbang Gabi and serendipity put sparkles in their eyes. This, according to Emolyn “Tita Ems” Bucsit,...

Gone too soon: Young Filipino personalities who died in 2019

Gone too soon: Young Filipino personalities who died in 2019

Being in the limelight makes one larger than life. People look up to you, wants every piece of you. And when that light is extinguished without warning, especially when a celebrity is so established and revered by both fans peers, it's downright shocking. Keep reading...

Giant IKEA store in Dubai to open this December

Giant IKEA store in Dubai to open this December

Swedish Furniture giant IKEA will open its second store in Dubai on December 18, 2019. The new superstore will have an area of 35,000 square meters including a 5,000 square meters training area for IKEA employees. The IKEA in Dubai South will house 120 shops, 40 cafes...

Broadcast journalist Cesar Apolinario passes away

Broadcast journalist Cesar Apolinario passes away

GMA news reporter and film director Cesar Apolinario has passed away this Friday morning, December 13. He was 46. His friends and colleagues expressed their condolences for the sudden departure of the well-known reporter. "Rest in PEACE, mentor and colleague...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2019 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in News
Sotto ready to be replaced anytime as Senate President
Published On  May 24, 2018
SWS survey shows fewer Filipinos expect better life in next 12 months
Published On  May 24, 2018
Violating this traffic rule in UAE will entail Dh 2,000 fine, 23 black points
Published On  May 24, 2018
Close