14 OIC countries in Top 100 of the World Bank’s Ease of Doing Business rankings
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 scores | 2015 Leader |
| 1. Starting a Business | New Zealand |
| 2. Dealing with Construction Permits | Singapore |
| 3. Getting Electricity | South Korea |
| 4. Registering Property | New Zealand |
| 5. Getting Credit | New Zealand |
| 6. Protecting Minority Investors | New Zealand |
| 7. Paying Taxes | Qatar |
| 8. Trading Across Borders | Austria, Belgium, Croatia, Czech Republic, Denmark, France, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain |
| 9. Enforcing Contracts | Singapore |
| 10. Resolving Insolvency | Finland |
| Source: World Bank Doing Business | |
