The UAE climbed three spots to secure the 7th position globally in the 2024 World Competitiveness Report, surpassing Norway, Iceland, Japan, Canada, and Finland, as stated by the government media office on Tuesday. The report evaluates countries across four primary pillars and 20 sub-pillars encompassing economic, administrative, and social domains, such as government efficiency, education, and innovation. Having joined the Top 10 last year, the UAE excelled this year by leading globally in employment, internet users, and industrial dispute resolution. It also ranked second in adaptability of government policy, tourism receipts, and reduction of bureaucracy. The UAE placed third globally in capital and property taxes, immigration laws, city management, and government budget surplus. It ranked fourth in controlling consumer price inflation, long-term unemployment, international experience, overall productivity, labor regulation, balance of commercial services, and public sector employment. The country also performed remarkably in air transportation quality, energy infrastructure, science graduates, start-up procedures, unemployment legislation, foreign skilled personnel, and national culture. The IMD World Competitiveness Report, launched in 1989, is a detailed annual publication and a worldwide standard for assessing country competitiveness, providing insights, benchmarks, and a vast array of statistical and survey data from extensive research. The report evaluates countries based on their capability to manage competencies for sustainable long-term value creation. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, expressed gratitude to all government, economic, and development sector teams working cohesively towards the advancement of the United Arab Emirates.