The UAE has been ranked first in the Arab World in the Global Competitiveness Report for 2019.
The report, which was released at the World Economic Forum in Davos, assesses the landscape of 141 economies around the world.
Globally the emirates was ranked 25th, gaining two positions from the last year.
Sultan bin Saeed Al Mansouri, the UAE's Minister of Economy, said it was a new important milestone ''that would be added to the many landmark achievements made by the UAE".
UAE-Russia services and investment agreement takes effect
An agreement aimed at boosting trade in services and investment between the UAE and Russia has officially come into force.
UAE backs closer tourism cooperation at BRICS meeting
The UAE has backed plans to strengthen tourism cooperation between BRICS countries at a ministerial meeting in Jaipur, India.
Abu Dhabi DoE expands tech partnerships during US visit
A delegation from Department of Energy - Abu Dhabi (DoE) has concluded an official visit to the United States aimed at expanding partnerships in energy and water innovation, regulation and advanced technology.
US, Canada fail to reach a tariff deal, deepen trade war
The United States and Canada have failed to reach a trade deal late on Friday, and the US said it would impose 50 per cent tariffs on some imports from Canada, an escalation of tensions between the two long-time allies.
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