UAE 12th most competitive nation globally... up 7 places

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World Economic Forum: UAE has made remarkable progress in 78 sub-indicators in one year

- UAE ranks first for absence of inflation and absence of organised crime globally

- UAE is second for effectiveness of government spending and third in terms of absence of government bureaucracy

- It also rated as having the third-best infrastructure in the world

- UAE is the 12th most competitive nation globally ahead of developed economies such as Canada, Denmark and South Korea.

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