This was mainly attributed to the GCC countries' wide fiscal surplus.
These countries remain major global suppliers of oil products and, due to high energy product prices, their fiscal surplus continues to widen.
Furthermore, GCC countries are expected to maintain high positions for the period 2014 to 2018 as well. The key driver in the coming years will be the large infrastructure investments planned after
For instance, the World Expo event is expected to attract 25 million people from abroad, and bring around
However, some of the GCC countries such as
The report is currently ranking
The Kuwaiti economy is at the bottom of the GCC in the 39th global position, although still in the top 50 percent, and is expected to witness a notable fall to the 45th position.
The ranking is led by Asian economies:
The model used by the EIU is based on criteria covering political and macroeconomic environment, policies regarding foreign investment infrastructure and labor market.
Another report that measures economies' business environment is the "Doing Business" by the
In general, it presents a relatively similar outcome to that of the EIU, though the rankings for the GCC vary.
In terms of the GCC, the
The quality of the electricity supply and the easiness to register new properties were some of the factors making the
In the case of
Indeed, some Asian countries such as
However, as a whole,
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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