Latest news with #InternationalInstituteforManagementDevelopment
Saudi Gazette
5 hours ago
- Business
- Saudi Gazette
Saudi Arabia advances 14 places to 13th rank in IPR Enforcement Index globally
Saudi Gazette report RIYADH — Saudi Arabia has advanced 14 places in the Intellectual Property Rights (IPR) Enforcement Index, ranking 13th globally. The Kingdom's ranking was 27th in 2024, according to the 2025 World Competitiveness Yearbook. The yearbook is issued by the World Competitiveness Center under the International Institute for Management Development (IMD). This year's report is one of the main competitiveness reports monitored by the National Competitiveness Center in coordination with relevant government agencies. Saudi Arabia achieved a significant leap in the 13th edition of the "World Intellectual Property Rights Index 2025" report, issued by the American Chamber of Commerce, recording a 17.55 percent increase in the overall score, making it one of the highest-ranked countries among the 55 global economies included in the report. This reflects its commitment to strengthening the intellectual property environment and enabling innovation within the goals of the Saudi Vision 2030. The progress announced by Saudi Arabia stems from strengthening the enforcement of intellectual property rights domestically and internationally, and enhancing its efficiency at the institutional and judicial levels. Pioneering national initiatives, such as the Respect Council, the Permanent Enforcement Committee, and the Intellectual Property Respect Officer, have effective models for consolidating governance and enhancing integration among relevant entities. The establishment of a public prosecution office specializing in intellectual property cases has contributed to enhancing the efficiency of the litigation system and expediting judicial procedures. Among the most prominent steps supporting this progress are the implementation of comprehensive awareness campaigns addressing aspects of field and digital enforcement, in addition to enhancing transparency and communication through periodic meetings with rights holders, and expanding the scope of coordination with various government agencies and the private sector. The World Competitiveness Yearbook is an international reference for comparing the competitiveness of economies around the world. It includes more than 300 sub-indicators and measures countries' performance across four main pillars: economic performance, government efficiency, business efficiency, and infrastructure.
Saudi Gazette
6 hours ago
- Business
- Saudi Gazette
Saudi Arabia advances 14 places to 13th rank in global IPR Enforcement Index
Saudi Gazette report RIYADH — Saudi Arabia has advanced 14 places in the Intellectual Property Rights (IPR) Enforcement Index, ranking 13th globally. The Kingdom's ranking was 27th in 2024, according to the 2025 World Competitiveness Yearbook. The yearbook is issued by the World Competitiveness Center under the International Institute for Management Development (IMD). This year's report is one of the main competitiveness reports monitored by the National Competitiveness Center in coordination with relevant government agencies. Saudi Arabia achieved a significant leap in the 13th edition of the "World Intellectual Property Rights Index 2025" report, issued by the American Chamber of Commerce, recording a 17.55 percent increase in the overall score, making it one of the highest-ranked countries among the 55 global economies included in the report. This reflects its commitment to strengthening the intellectual property environment and enabling innovation within the goals of the Saudi Vision 2030. The progress announced by Saudi Arabia stems from strengthening the enforcement of intellectual property rights domestically and internationally, and enhancing its efficiency at the institutional and judicial levels. Pioneering national initiatives, such as the Respect Council, the Permanent Enforcement Committee, and the Intellectual Property Respect Officer, have effective models for consolidating governance and enhancing integration among relevant entities. The establishment of a public prosecution office specializing in intellectual property cases has contributed to enhancing the efficiency of the litigation system and expediting judicial procedures. Among the most prominent steps supporting this progress are the implementation of comprehensive awareness campaigns addressing aspects of field and digital enforcement, in addition to enhancing transparency and communication through periodic meetings with rights holders, and expanding the scope of coordination with various government agencies and the private sector. The World Competitiveness Yearbook is an international reference for comparing the competitiveness of economies around the world. It includes more than 300 sub-indicators and measures countries' performance across four main pillars: economic performance, government efficiency, business efficiency, and infrastructure.
Barnama
4 days ago
- Business
- Barnama
S Korea Vows Reform After Sharp Drop in Global Competitiveness Ranking
SEOUL, June 27 (Bernama-Yonhap) -- South Korea will strive to identify its weaknesses and transform them into opportunities for future growth, Acting Finance Minister Lee Hyoung Il said on Friday, stressing that the country's recent fall in the global competitiveness ranking should serve as a 'turning point.' South Korea was ranked 27th out of 69 countries in the 2025 World Competitiveness Ranking published by the International Institute for Management Development (IMD), marking a drop of seven places from last year's record high of 20th, Yonhap news agency quoted the Ministry of Economy and Finance. The IMD, a Switzerland-based business school, has issued the annual ranking since 1989, evaluating countries based on four key indicators; economic performance, government efficiency, business efficiency, and infrastructure.
New Straits Times
4 days ago
- Business
- New Straits Times
South Korea vows reform after sharp drop in global competitiveness ranking
SEOUL: South Korea will strive to identify its weaknesses and transform them into opportunities for future growth, Acting Finance Minister Lee Hyoung Il said on Friday, stressing that the country's recent fall in the global competitiveness ranking should serve as a "turning point." South Korea was ranked 27th out of 69 countries in the 2025 World Competitiveness Ranking published by the International Institute for Management Development (IMD), marking a drop of seven places from last year's record high of 20th, Yonhap news agency quoted the Ministry of Economy and Finance. The IMD, a Switzerland-based business school, has issued the annual ranking since 1989, evaluating countries based on four key indicators; economic performance, government efficiency, business efficiency, and infrastructure. "We will thoroughly assess and analyse the identified weaknesses to turn this into an opportunity to enhance our national competitiveness," Lee said during a policy coordination meeting with relevant government agencies and private-sector experts. In this year's breakdown, South Korea saw a sharp decline in business efficiency, falling to 44th place -- down 21 spots from the previous year. Addressing challenges in the corporate sector, Lee said the government would work to establish an innovation ecosystem to support the artificial intelligence (AI) transformation and develop a robust talent training framework. He added that the government plans to work closely with the private sector to tackle structural inefficiencies and promote digital innovation in an effort to improve future rankings.
Korea Herald
4 days ago
- Business
- Korea Herald
S. Korea vows reform efforts following sharp drop in global competitiveness ranking
South Korea will work to identify its weaknesses and turn them into new opportunities for future growth, Acting Finance Minister Lee Hyoung-il said Friday, stressing that the country's recent drop in the global competitiveness ranking must serve as a "turning point." According to the Ministry of Economy and Finance, South Korea ranked 27th out of 69 countries in the 2025 World Competitiveness Ranking released by the International Institute for Management Development, falling seven places from last year's record high of 20th. The IMD, a Switzerland-based business school, has published the annual ranking since 1989. It evaluates countries based on four pillars: economic performance, government efficiency, corporate efficiency and infrastructure. "We will thoroughly assess and analyze the identified weaknesses to turn this into an opportunity to enhance our national competitiveness," Lee said during a policy coordination meeting with related government agencies and private-sector experts. In this year's breakdown, South Korea fell sharply in business efficiency, ranking 44th, a 21-spot drop from the previous year. Addressing the corporate sector challenges, Lee said the government will establish an innovation ecosystem for the artificial intelligence (AI) transformation and build a talent development system. The government also plans to coordinate closely with the private sector to address structural inefficiencies and push forward digital innovation to regain lost ground in future rankings, he added. (Yonhap)
