Jordan one among three most economically free countries in the Middle East
Bahrain, Jordan and the UAE are the most economically free nations in the Arab world, according to the annual Economic Freedom of the Arab World report published by the Fraser Institute, an independent Canadian public policy think-tank.
The report focuses on economic freedom’s role in increasing prosperity, creating jobs, and reducing poverty.
Minister of Transportation and Acting Chief Executive of the EDB Kamal bin Ahmed said: “Bahrain’s ranking reflects the Kingdom’s commitment to maintaining a liberal business environment and to strengthening its core business fundamentals, offering an attractive base for accessing the wider GCC market.”
The Economic Freedom of the Arab World report compares and ranks Arab nations in five areas of economic freedom: size of government, including expenditures, taxes, and enterprises; commercial and economic law and security of property rights; access to sound money; freedom to trade internationally; and regulation of credit, labor, and business.
With a mature, well-established business environment and a trusted and transparent legal and regulatory environment, Bahrain is uniquely positioned as the natural gateway to the GCC market, which is worth over $1.5 trillion. Bahrain is committed to sustaining and strengthening its core business fundamentals: a highly skilled workforce, stable and transparent regulation, an open business environment and sustainable growth.
In September 2013, Bahrain was ranked 8th out of 90 countries in the Fraser Institute’s annual Economic Freedom of the World report, and in January 2013, the annual Index of Economic Freedom, published by the Heritage Foundation and the Wall Street Journal, ranked Bahrain 12th out of 177 economies worldwide, and the only MENA country to rank in the top 20.
- The source of all brain drain: Lebanon's university graduates downbeat about their future prospects
- Is Erdogan's party waging a 'holy war' against the free market economy?
- Costs and benefits: the tough economics of hosting the World Cup
- Mind the gap: descripancy between income and social development persists in the Middle East
- Taking the driver's seat when it comes to your finances: should you buy a car in cash or installments?
- Freedom in Bahrain, Jordan, and UAE? At least economically, reports argue
- The Fraser Institute: Bahrain Ranked as Most Economically Free Arab Nation
- If only the same were true for its politics, Bahrain tops region's economic freedom index
- Bahrain and the UAE are "economically free" but are the citizens?
- Bahrain leads MENA region on Economic Freedom