UAE ranks #1 globally on 121 indicators
Vice President and Prime Minister says competitiveness plays a key role in developing flexible and relevant policies for the happiness of citizens
Thursday 1 October 2020
The UAE ranks first globally on 121 indicators, first in the Arab world on 479 indexes, and among the top 10 countries on 314 indicators, according to a report presented by the Federal Competitiveness and Statistics Authority to the UAE Cabinet.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that enhancing competitiveness ranking in all sectors plays a key role in the development strategies adopted by the country to further improve government performance and enhance the quality of life for citizens and residents.
The Cabinet reviewed the detailed report on the performance of the UAE in the most important global competitiveness indicators.
Sheikh Mohammed bin Rashid stressed that competitiveness is not a goal in itself, but rather a means to further enhance the performance and competence of all sectors.
He said attaining sustainable competitiveness within government work allows for the development of flexible plans and policies that rise to the challenges of any period in time.
The Cabinet approved four new organizational structures for the ministries of Economy, Culture and Youth, Industry and Advanced Technology, and Energy and Infrastructure.
The Cabinet also approved a Federal Decree-Law on private education, with the aim of organizing the educational process in private schools, raising the quality of education, and stimulating competition between private schools. The law also regulates the licensing of private schools, approval of educational curriculums, and the safety of students.
The Cabinet also approved Federal Decree-Laws on the amendment of the penal code (Criminal Law), the Commercial Transactions Law, the Securities and Commodities Law, the Insurance Law, and the organization of the telecommunications sector law.
It approved the executive regulations of the Federal Law concerning the practice of the human medicine profession, which comprises detailed rules, provisions and procedures aimed at facilitating the implementation of the law.
At the international level, the Cabinet approved agreements between the Government of the UAE and a number of friendly countries to prevent double taxation, including the Republic of Chile, the Arab Republic of Egypt and the Republic of Zambia, in addition to an agreement with the Republic of Zambia on the encouragement and mutual protection of investments.
The Cabinet reviewed a number of government reports in various sectors, including the report of the financial statements of the Emirates Development Bank and the report of the external auditor for the fiscal year 2019, in addition to a report on the performance of the insurance sector in the country.