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The UAE has moved into the ranks of the 20 most productive global economies for the first time, according to the World Economic Forum (Wef).
The Wef’s latest “Global Competitiveness Report” – its annual survey of the most efficient and dynamic economies – puts the UAE at 19th, up five places from last year.
For the fifth consecutive year, Switzerland was ranked the most competitive economy in the world, ahead of Singapore, Finland and Germany.
The United States regained its top-five status, while the highest-ranked Middle East country was Qatar, at 13th.