The World Bank report, which measures the performance of states in facilitating doing business for investors, says the UAE has advanced one step in the ranking from last year to occupy 31st rank globally this year. The UAE is among the first five countries in the world regarding non-payment of taxes, which does not affect business, process of construction permits and electricity delivery. At the regional level, the UAE topped the countries of the region and within 10 countries of the world in the number of documented improvements by the World Bank during one year in the delivery of electricity, processing of the construction permits, protecting investors and enforcement of contracts.
The World Bank said New Zealand had retained its position in its Doing Business report ahead of other countries, despite not implementing any reforms in the last year. The UK slipped to ninth place while Norway climbed to seventh in a year when the World Bank said governments pressed ahead with a record number of reforms to business regulations and tax rules to support private businesses.
Georgia, the former Soviet satellite state, retained its position at number six in the rankings, despite persistent criticism from aid agencies that the World Bank was rewarding a country with high levels of inequality, showing that a business-friendly environment is not in and of itself a means of alleviating poverty.
The Organisation for Economic Cooperation and Development criticised Mauritius last year for acting as a tax haven and leaching tax revenues from mainland African nations.
It said a broad cross-section of economies in sub-Saharan Africa carried out reforms in the last year, setting a record for a third consecutive year. The region is expected to experience the highest population growth of any region in the world over the next 30 years, raising concerns that the most populous nations will struggle to feed and employ tens of millions of young workers.
Rwanda also improved arbitration in land disputes, an area in which it is second only to New Zealand, strengthened insolvency laws to give creditors greater control and improved access to electricity, the World Bank said.The World Bank’s Doing Business indicators are updat- ed on an annual basis, providing a quantitative measure of a particular aspect relevant to competitiveness: business regu-.
India improved its position from last year’s to in the World Bank Doing Business ranking, which was released on Tuesday.
Last year’s report ranked India at , but this year’s. Highlights. PM Modi has asked secretaries to analyse the World Bank’s Ease of Doing Business Report; India ranked a poor th among countries in World Bank's report; The report generated.
Oct 31, · India jumps 23 places on World Bank’s Ease of Doing Business. Tata Motors is all set to report its quarterly earnings on Wednesday.
The impact of forex hedge losses, demand outlook for UK subsidiary JLR and updates on China joint venture with Cherry will be keenly watched.
AM. By Trend. Uzbekistan initiated three business reforms in and held the 76th position (74th in ) among economies ranked in the World Bank Group’s (WB) Doing Business Training for Reform report, the WB’s press service said.
Oct 31, · The World Bank said New Zealand had retained its position in its Doing Business report ahead of other countries, despite not implementing any reforms in the last year.