The UAE was ranked first out of the Arab countries and 36 globally in the Overall Innovation Performance, according to the Global Innovation index 2014, issued by Cornell University, INSEAD Institute the
leading international business school, and the World Intellectual Property Organisation (WIPO) of the United Nations.
The UAE also took the lead in the MENA region in a number of pillars of the Global Innovation index report, namely: institutions, political, organisational and commercial environment, human capital and
research, education, higher education, R&D, public infrastructure, communication and information technology, environmental sustainability, business development, experienced and knowledgeable
employees, links to innovation and knowledge.
This achievement qualified the UAE as a global destination to attract, retain and produce talent. It was ranked 19 globally and the first among the Arab and Middle East countries in the Global Talent
Index of Economic Freedom
The UAE was ranked first globally in the annual independent classification on the Index of Economic Freedom 2016 issued by "The Independent Australian" in relation with the performance of global
In rating global economies, the Australian classification relied on collecting points according to several criteria, most importantly the diversity of economic activities, employment rate, per capita income,
wealth rates and GDP, in addition to inflation rates, tax rates and economic freedom. The UAE took the lead in this classification from Singapore, which ended in second place this year, while Norway
and Switzerland were in third and fourth places respectively
The UAE was ranked fifth globally and first in the MENA region in the Index of Economic Freedom 2015, issued by the Canadian Institute "Fraser". The country scored 8.15 out of 10 points in the index,
while Hong Kong took the lead of global classification of Economic Freedom with a score of 8.97 points.
The UAE improved its ranking by three points in the Index of Economic Freedom 2015 issued by The Heritage Foundation, to move up from 28th position globally to take 25th place. With this achievement, the UAE has surpassed developed countries such as Norway (27), Austria (30) and France (73), and was ranked second in the MENA region after Bahrain.
In the other sub-indicators, the UAE scored the following points:
- • 55.0 points in the classification of property rights.
- • 70 points in the index of anti-corruption.
- • 76.1 points in the index of government spending.
- • 95.0 points in the index of tax freedom.
- • 79.6 points in the index of business freedom.
- • 80.7 points in the index of labour freedom.
- • 81.3 points in the index of monetary freedom.
- • 82.8 points in the index of trade freedom.
- • 45.0 points in the index of investment freedom
- • 60.0 points in the index of financial freedom.
The report pointed out that the UAE enjoys high competitiveness rates in many aspects of Economic Freedom. Barriers to trade are quite low, and regulations and laws support open-market policies.
Global Prosperity Index
For the eighth consecutive year, the UAE took the lead among Arab countries in the Global Prosperity Index issued by the British institute "Legatum" in November 2015.
The report pointed out that the UAE is ranked first regionally in security, public and community safety and the Human Freedom Index that measures how individuals practice their religion freely in the
state. The UAE was also ranked second for regional level opportunities and entrepreneurship, which assesses the country's interest in entrepreneurs and commercial and social initiatives, as well as
governance and health.