Akhbar Al Sa'a Bulletin : Growing Global Confidence in UAE's Economy

  • 8 September 2013

The ECSSR's daily bulletin, Akhbar Al Sa'a (News of the Hour), in an editorial entitled: "Growing Global Confidence in UAE's Economy", quoted Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, as saying, "Under the leadership of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the UAE is making steady progress in terms of all development indices. " This came after Sheikh Mohammed's comments yesterday on the results of the Global Competitiveness Report issued by the World Economic Forum (Davos) for 2013-2014, in which the UAE advanced five ranking positions in the total competitiveness of its economy in one year, from 25th last year to 19th this year.

Akhbar Al Sa'a added that this extraordinary achievement carries many connotations, most importantly that of building and maintaining global confidence in the national economy. The editorial also referred to the great efforts made during the last twelve months to develop the investment climate in the country, saying that this achievement may have a decisive role in the awarding of hosting rights for Expo 2020, upon which a vote will take place in Paris in November.