The International Finance Corporation and the World Bank have just published the report, “Doing Business in the Arab World 2012.”
According to the study, 13 of 20 economies in the Arab world adopted a total of 20 business regulatory reforms to create opportunity for domestic entrepreneurs. The majority of the reforms, captured from June 2010 through June 2011, focused on making it easier to start a business or improving credit information systems.
The report compares business regulations and identifies good practices across the Arab world in 10 of 11 areas covered by the World Bank Group’s annual Doing Business report. Oman, Jordan, Qatar, Saudi Arabia, and the United Arab Emirates all made it easier to start a business; while Algeria, Oman, Qatar, and the United Arab Emirates improved their credit information systems.
The report finds that Morocco was the most active in encouraging entrepreneurship through regulatory reform.
Download the full text here.