The UAE holds firm at 10th place globally in the latest Soft Power Index released by the brand valuation consultancy Brand Finance.
It's also ranked first regionally and is the only Gulf nation among the world’s top 10 soft powers.
Meanwhile, the UAE's Nation Brand witnessed a significant increase in its value from $700 billion to a trillion dollars within three years.
The index surveyed more than 170,000 people from the 193 member states of the United Nations.
The US and the UK emerged as the most influential soft power nations, while China is ranked third.
The report covered 55 main and sub-indicators to measure the positive reputation of countries and their ability to have a positive impact, as well as to understand the perceptions and opinions of the global public on matters including the investment environment, products and services, living, working, studying, and visiting.
The UAE scored highly in indicators related to 'Strong and Stable Economy', 'Future Growth Potential' and 'Influence in Diplomatic Circles'.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
The Ministry of Justice said seven companies reportedly based in the UAE and sanctioned by the United States for ties to Sudan do not operate in the country.
Dubai Police announced on Friday it arrested 222 beggars during Ramadan and Eid, after a campaign was launched under the slogan “An Aware Society, Free of Begging,” in partnership with other government entities.