The UAE has moved up the ranks to top Coursera's global ranking for business skills in just a year.
The US online education company's Global Skills Report assessed more than 100 million learners in more than 100 countries over 12 months.
The UAE moved up from second position last year, scoring high in several areas like leadership and management, strategy and operations, communication, human resources and entrepreneurship.
The strengths in these areas demonstrated their ability to leverage opportunities and address challenges, and in turn, contribute to the economic development of the country.
"The UAE has been preparing for the post-oil era with a more diversified, high-skill economy," highlighted Anthony Tattersall, Vice President for EMEA at Coursera.
"This bet has paid off, with business proficiency levels in the UAE leading the region for the second year in a row. However, education leaders must focus on addressing gaps in technology and data science skills, which are a strategic imperative to accelerate digital transformation."
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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