Abu Dhabi-Mubasher: UAE’s corporate governance rules helped the public shareholding firms operating in the Gulf country to deliver unprecedented 98% stronger results in year, said the acting CEO of Securities and Commodities Authority Obaid Al Zaabi.
This boost strengthened the country’s competitiveness position globally and highlighted UAE’s increased capabilities to protect its investors, Al Zaabi noted on the sidelines of a workshop on promoting governance culture.
UAE was also ranked first globally for effective corporate boards, according to figures from the World Competitiveness Yearbook 2015.
UAE also topped the MENA region and Arab states in the investor protection index.
