UAE, Bahrain among world’s most improved countries for SMEs

New World Bank report named both Gulf countries in top 10 most improved for adopting reforms to make it easier for SMEs to do business.

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The UAE and Bahrain have been named among the world’s top 10 most improved economies for adopting reforms that make it easier to start and operate small and medium-sized businesses.

 

The World Bank Group’s annual report on the ease of doing business said the Gulf countries were among a record 137 economies around the world which have adopted key reforms to improve conditions for SMEs.

 

The report said that the world’s top 10 improvers, based on reforms undertaken, are Brunei Darussalam, Kazakhstan, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, the UAE and Bahrain. It said the Middle East and North Africa region saw the most reforms implemented in the past year since 2009, with 35 reforms in 15 of the region’s 20 economies.

 

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