Qatar out competes local peers

Qatar has ranked the highest out of the Mena economies in the latest Global Competitiveness Index compiled by the World Economic Forum. The annual survey ranks each of 130 countries based on 12 'pillars' of competitiveness, split into three broad categories of basic requirements, efficiency enhancers and innovation factors. The scores are weighted according to wealth bands, with countries with the lowest GDP per capita (under $2,000) scoring more points for basic requirements and those in the highest band ($17,000 and above) skewed towards innovation. Qatar, which was 26th in the overal...