World Bank Highlights Talal Abu-Ghazaleh Legal Contribution to Doing Business 2014 Report

20 Feb 2014   TAG-Legal is part of the report due to its "remarkable expertise and generous knowledge-sharing."
 
AMMAN --------February 20, 2014-------- Talal Abu-Ghazaleh Legal (TAG-Legal) is again selected to be a regional contributor to a report by the World Bank entitled "Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises."
 
The Doing Business 2014 Report is the 11th edition of the Doing Business series. It assesses the regulations affecting domestic firms in 189 economies, and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders.
 
This year's report extends to collect data, for the first time, from four new economies presented by: Libya, Myanmar, San Marino, and South Sudan. Whereas Doing Business indicator sets are featured in the report through the role of minimum capital requirements in starting a business; risk-based inspections in dealing with construction permits; the cost structure in getting electricity; single window systems in trading across borders; e-filing and e-payment in paying taxes; and e-courts in enforcing contracts.
 
Singapore topped the global ranking on the ease of doing business followed by Hong Kong SAR; China; New Zealand; the United States; Denmark; Malaysia; the Republic of Korea; Georgia; Norway; and the United Kingdom.
 
It is worth mentioning that the offices that contributed in the preparation of the report are of the following countries: Iraq, UAE, Kuwait, Bahrain, Egypt, Syria, Turkey, KSA, Oman, Jordan, Lebanon, Qatar. However, and according to a statement by the World Bank Group, TAG-Legal's participation in Doing Business makes an impact to improve the daily business life of entrepreneurs, as the report reveals an 18% increase in business regulation reforms.