political| 11:40 – 03/02/2023
Baghdad – Mawazine News
The Arab Monetary Fund revealed that the UAE maintained the first place in the Arab economies competitiveness index, as a result of its acquisition of first place in the investment environment and attractiveness index.
The Arab Monetary Fund said in the Arab Economies Competitiveness Report 2022 that Qatar came in second place in the general index of competitiveness of Arab economies, while Saudi Arabia, Kuwait, Oman and Bahrain ranked third, fourth, fifth and sixth, respectively.
The ranking of Arab countries in the index is as follows:
1- UAE 2- Qatar 3- Saudi Arabia 4- Kuwait 5- Sultanate of Oman 6- Bahrain 7- Morocco 8- Jordan 9- Tunisia 10- Egypt 11- Algeria 12- Mauritania 13- Lebanon 14- Libya 15- Iraq 16- Yemen 17- Sudan.
According to the report, the UAE and Saudi Arabia ranked first and second in the government finance sector index, due to the UAE obtaining an advanced position in the financial freedom index, and second place in the surplus/deficit index to GDP, while Saudi Arabia benefited from its advanced position in the index of public revenues to GDP.
The UAE also ranked first at the level of Arab countries in the monetary and banking sector index, benefiting from obtaining an advanced position in the local liquidity index of GDP and in the indicators of growth rate of foreign assets and the ratio of credit granted to the private sector to GDP, while Kuwait came in second place as a result of the low index of non-performing loans from total loans and obtaining a advanced position in the index of credit ratio granted to the private sector to GDP. Finished29/h