The UAE has dominated the global competitiveness rankings for 2023 in five indicators.
These include Access to Electricity, Satisfaction with the Roads and Highways System, Energy Infrastructure, City Management, Access to Clean Fuels and Technologies for Cooking.
The country is also ranked third in Total Local Energy Production and Wastewater Treatment Efficiency, and has secured sixth place in Water Production.
The rankings were part of indexes compiled by the Institute for Management Development (IMD) World Competitiveness Yearbook, Legatum Prosperity Index, the Sustainable Development Report issued by the UN Sustainable Development Solutions Network, and INSEAD Global Talent Competitiveness Index.
"The UAE’s ranking first in global indexes reflects the unwavering commitment of government and private sector entities to enhancing the country’s global position and sustainable development towards achieving the objectives of the UAE Centennial 2071," said Hanan Mansour Ahli, Director of the Federal Competitiveness and Statistics Centre.
"Never one to rest on its laurels, the UAE will continue to forge ahead to become a successful model for sustainable development and prosperity," added Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure.
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.