UAE, Qatar the Mideast’s top internet economies
Both countries are tapping into the huge potential that exists and leading the way for growth, ICANN says
Dubai: The UAE and Qatar lead the Middle East when it comes to advanced and productive internet economies, according a 2015 Boston Consulting Group (BCG) e-Friction Index.
Globally, Qatar is ranked 23rd, with the UAE in 24th place — ranking ahead of a number of strong emerging economies.
In a new study, the BCG e-Friction Index ranks 65 economies according to four types of e-friction — infrastructure-related friction that limits basic access; industry and individual friction, both which affect the ability of companies and consumers to engage in online transactions; and information friction, which involves the availability of, and access to, online content.
The study, titled ‘Which Wheels to Grease? Reducing Friction in the Internet Economy’, shows that high e-friction economies are in danger of missing out on a high-impact propellant of growth and job creation. Those that address their sources of e-friction have the potential to add significant value to their economies.
“The internet has created an unprecedented environment for businesses to grow and flourish, thanks to its ‘permission-less’ innovation, which makes it possible for everyone to explore the untapped opportunities of today’s digital economy,” said Baher Esmat, vice-president of Stakeholder Engagement in the Middle East at the Internet Corporation for Assigned Names and Numbers (ICANN), which commissioned the 2014 report and the update.
Read the full text news in resource site…
Source News: Gulf News
