UAE is most competitive Arab economy

Doha: The United Arab Emirates is the most competitive economy in the Arab world followed by Qatar and Kuwait, according to a World Economic Forum report released here yesterday. The report places four Gulf countries among the 40 most advanced econo-mies of the world. The UAE is ranked 29, Qatar 32, Kuwait 37th and Bahrain 39. While the UAE’s ranking remained unchanged compared to the 2005 report, Qatar and Kuwait have moved up from 34 and 36 respectively. But Bahrain is placed two ranks lower.