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Economic Rankings

Came across World Bank's ranking on 'Ease of Doing Business' and as I had apprehended the GCC countries ranked far out of the Top positions. The GCC-SA countries rank as follow:

  1. Saudi Arabia -- 38
  2. Kuwait -- 46
  3. Oman -- 55
  4. Pakistan -- 74
  5. U.A.E -- 77
  6. India -- 134

So lets see, if Dubai the heart beat of UAE's economy is 77th on ease of doing business then how is it a economic heaven or an entrepreneurial magnet. The Rankings by World Bank are very comprehensive and formulate ranks based on a diversified set of characteristics which are:

  • Starting a business
  • Dealing with licenses
  • Employing workers
  • Registering property
  • Getting credit
  • Protecting investors
  • Paying taxes
  • Trading across borders
  • Enforcing contracts
  • Closing a business

I found this a very educative ranking list with a lot of useful resources and explanations. So let us be educated and share our experiences to make the best choice for our businesses and our future.


Blogger Afiq Hassan said...

Well there are a lot of laws that dont even exist in Dubai and that should be in any city or country regarding labor, new ventures etc. Well when introduced, they should improve the ranking of Dubai. After all Dubai is not that bad a place to start up a business.

4:21 PM  

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