Latest News
- Kuwait-Jordan Durra Field Joint Statement Rejected By Iran
- GTD Cracks Down On Vehicle Noise Pollution In Sulaibiya
- Mystery Of Dead Fish At Shuwaikh Beach Sparks Urgent Action
- MEW To Complete Links With The Interior And Justice Ministries B...
- 8 Expats Jailed For Bribing An Officer To Obtain Driver's Licens...
- Weekend Weather Is Expected To Be Hot
- From Tomorrow, Traffic Diversion On Third Ring Road
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
Uae Tops Middle East Rankings For Information And Communications Technologies Economic Benefits
The UAE is leading the Arab world when it comes to generating economic impact from investments in information and communications technologies (ICT), according to a new study.
The World Economic Forum’s Global Information Technology Report 2016 ranked the UAE 26th globally, just ahead of Qatar (27th) while Kuwait (61st) was one of the world's biggest improvers, up by 11 places on the previous list.
The study said that while governments are lagging behind in terms of digital adoption, the business community in Kuwait is registering an increased weight on ICT in government vision and efforts to improve the regulatory environment. Globally, Finland, Switzerland, Sweden, Israel, Singapore, the Netherlands and the United States are leading the way.
On average, this group of high-achieving economies at the pinnacle of the report’s Networked Readiness Index (NRI) economic impact pillar scores 33 percent higher than other advanced economies and 100% more than emerging and developing economies.
The study named Singapore as the highest-placed country in the world when it comes to networked readiness. Finland, which topped the ranking in 2014, remains in second place for a second year in a row, followed by Sweden (3rd), Norway (4th) and the United States (5th), which climbed two places. Making up the rest of the top 10 were the Netherlands, Switzerland, the United Kingdom, Luxembourg and Japan.
According to the report, Europe remains at the technology frontier, with seven of the top 10 NRI countries. Malaysia leads the Emerging Asian economies in 2016 and moves up one spot to 31st position overall. The country continues to perform strongly, supported by a government which is fully committed to the digital agenda, the report added.
“The digital economy is an essential part of the architecture of the Fourth Industrial Revolution. In order for digital technology to continue contributing economic and social impact, societies need to anticipate its effects on markets and to ensure a fair deal for workers in digitised market environments. New models of governance will be key in this,” said Richard Samans, head of the Centre for the Global Agenda, member of the managing board, World Economic Forum Geneva.
SOURCE : ARABIANBUSINESS
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Thief Returns Stolen Money With An Apology Letter...
15 April 2024
Comments Post Comment