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".
IMF praises UAE economy's resilience, proactive readiness
An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.
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Indian court orders Maruti to replace car in first E20 fuel damage ruling
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Irish airline Aer Lingus plans 500 job cuts as fuel prices soar
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Parkin expands into Sharjah's Aljada with partnership with Arada
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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages on social media to mark Union Pledge Day, "renewing commitment to the principles of unity established by the late Sheikh Zayed and his brothers".
After Dubai Media Office confirmed that a Reuters report about explosions in Downtown area is false, the news agency issued a statement admitting it "regrets" publishing the story as it "did not meet its standards".
The UAE marks Union Pledge Day on July 18, commemorating the Founding Fathers' signing of the Declaration of the Union and the Constitution in 1971— an historic milestone that launched a journey of development and progress.
