The United Arab Emirates ranked 4th among 62 countries worldwide in terms of financial stability, according to the latest World Economic Forum Financial Development Report 2012 released today.
This report is based on several criteria, the third of which is financial stability. The economy of Saudi Arabia ranked first, Switzerland 2nd and Singapore ranked third.
Despite the financial instability in many other parts of the world the Gulf States benefit from having strong policies and regulatory institutions reports the Dubai Chronicle. In fact, the UAE was ranked 1st in terms of the efficiency of its tax regime and 4th in terms of the stability of its banking system and 16th in terms in of its corporate governance.
So, if you are an expatriate or Emirati looking to build a long career, then Dubai is one of the best places in the world to be doing it at the moment.