14 OIC countries in Top 100 of the World Bank’s Ease of Doing Business rankings

Salaam Gateway | 24 December, 2015  Print

The World Bank ranks 189 economies on their ease of doing business, on an annual basis. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics -- each consisting of several indicators, giving equal weight to each topic.

Of the 57-member Islamic countries of the Organisation of Islamic Cooperation (OIC), 14 were in the Top 100 of the most recent Ease of Doing Business rankings. The highest ranking OIC country overall is Malaysia, which sits at #18. UAE follows at #31, Kazakhstan at #41 and Turkey at #55. 

By topic, OIC countries rank highly on 'Paying Taxes', with GCC countries Qatar and UAE joint leaders followed by Saudi Arabia on #3. 

OIC countries are weakest in three topics: Getting Credit, Trading Across Borders, and Resolving Insolvency.

Top 10 Countries on World Bank's Ease of Doing Business Rankings 2015
1. Singapore
2. New Zealand
3. Denmark
4. South Korea
5. Hong Kong
6. United Kingdom
7. United States
8. Sweden
9. Norway
10. Finland
Source: World Bank Doing Business

 

The 10 topics that make up the Ease of Doing Business scores2015 Leader
1. Starting a BusinessNew Zealand
2. Dealing with Construction PermitsSingapore
3. Getting ElectricitySouth Korea
4. Registering PropertyNew Zealand
5. Getting CreditNew Zealand
6. Protecting Minority InvestorsNew Zealand
7. Paying TaxesQatar
8. Trading Across BordersAustria, Belgium, Croatia, Czech Republic, Denmark, France, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain
9. Enforcing ContractsSingapore
10. Resolving InsolvencyFinland
Source: World Bank Doing Business

 

14 OIC countries in Top 100 of the World Bank’s Ease of Doing Business rankings