Source: International Herald Tribune

DUBAI, United Arab Emirates: Profiting from a flood of investment, the United Arab Emirates has become the most competitive economy in the Arab world, the World Economic Forum said Tuesday.

"The Emirates ranked first because of the highly developed infrastructure, particularly air and sea ports," said Margareta Drzeniek Hanouz, an economist who co-authored the survey of 13 Arab states that the Forum released at a two-day meeting of Arab business leaders in the neighboring Gulf state of Qatar.

"The important contributor is the efficiency in the government spending and government regulations as well as the efficiency in the labor market, due to a lot of imported labor," Hanouz said of Emirates' success.

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Posted by pichu at April 10, 2007 9:55 AM