UAE tops global entrepreneurship rankings for 4th straight year

Shutterstock [for illustration]

The UAE has been ranked first globally for the fourth consecutive year in the latest Global Entrepreneurship Monitor (GEM) report.

The country also topped the list as the best place for entrepreneurship and small and medium-sized enterprises among 56 economies assessed this year.

The UAE excelled in 11 out of 13 key indicators, including entrepreneurial finance, government policies, education, and ease of market entry.

The report highlights the UAE’s business-friendly policies, government initiatives and competitive investment climate, which have contributed to its success.

Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, credited this achievement to the UAE’s forward-thinking vision and leadership, building an integrated ecosystem for entrepreneurship and SMEs.

She emphasised that the country’s commitment to a dynamic and supportive environment is key to its standing as a global startup hub.

The report pointed out the UAE’s investment of $8.7 billion to boost innovation and the growth of SMEs as part of the 'Projects of the 50' initiative, as well as the allowance of 100 per cent foreign ownership of companies.

The UAE also ranked first in the GEM’s National Entrepreneurship Context Index, which assesses each country's supportive environment for entrepreneurship based on scores derived from national experts’ evaluations.

This supports the UAE’s vision to reach one million SMEs by 2031.

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

Blogs