Qatar has moved up two places to secure the 14th position globally even as the country tops the MENA region in the latest ‘Global Competitiveness Index’, prepared by the World Economic Forum (WEF), said Gulf Times.
“Qatar leads the Middle East and North Africa region at 14th position,” the WEF report said, adding the country’s main strength is its “stable macroeconomic environment”, which is driven by public budget surpluses and low government debt as a result of high windfall revenues from energy exports. But, the report said the recent decline in the price of oil and gas may undermine the country’s performance in the future. The 2015-2016 Global Competitiveness Report showed Qatar occupied the first position globally in terms of “ease of access to loans” and placed its stable macroeconomic environment in the second position, adding that businesses and individuals use latest technologies, including the Internet, widely.
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