June 30, 2010

Mehmood-Ul-Hassan Khan

Under the visionary leadership of UAE the economy is strong, stable and sustainable. Now, UAE is considered one of the advanced open-economy states in the world where golden principles of free market and fair competition principles really exist. Moreover, the UAE’s economy is the second largest in the Arab World. The country was ranked 14 out of 181 countries in the World Bank report on trade across borders. The UAE also ranked ahead in terms of technological readiness and innovation. The report ranked the UAE 6th, 9th, 10th, 21st and 25th in terms of infrastructure, institutions, market efficiency, competence and innovation respectively. The Index of Economic Freedom ranks the UAE as the 46th most economically free country higher than countries like France, Italy, Saudi Arabia, and China.Read More »UAE Economy: Signs of Dynamics and Diversity

Mehmood-Ul-Hassan Khan

By virtue of visionary leadership and successive political leaders, now United Arab Emirates has become icon of progress, prosperity and persuasion. It is sign of success, excel and pride too. Successful introduction of knowledge based economy and institutionalization of financial reforms has become hub of trade and commerce, knowledge and research, finances and services, tourism and recreation and the last not the least, international brands and multinational companies. Moreover, it has been ideal destination for foreign direct investment.

According to the latest Global report released by the World Economic Forum with local partners, the International Research Foundation and Arabian Research Bureau LLC. (May, 2010) UAE ranked highest in region for outlook that encourages trade. The UAE, with a score of 5.12 and a global rank of 16th, has topped the Gulf region. Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade said, “under the directives of HH Sheikh Khalifa bin Zayed Al Nahyan, President of UAE and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, the UAE adopts a balanced foreign trade policy built on the economic liberalization having a balanced approach in international trade and economy system with the aim of promoting investment relations between the UAE and other regional and countries around the globe, to build effective strategic trade partnerships that are mutually beneficial, and to achieve common goals with other international trading partners.”

Sheikha Lubna further said, the outcome of the Global Enabling Trade Report (May, 2010) has indicated that the emirates is rapidly growing in Read More »UAE: ICON OF PROGRESS, PROSPERITY AND PERSUASION

The world’s least expensive city for expatriates is Karachi, said Mercer Worldwide Cost of Living Survey.

The capital of oil-rich but poverty-stricken Angola is the world’s most expensive city for expatriates, the survey said. Other developing African and Asian cities were also among the priciest in the world.Read More »Karachi is World’s least expensive city for expats