Israel is an advanced nation. It joined the OECD in 2010. It has the second-largest number of startup companies in the world and the largest number of NASDAQ-listed companies outside North America.
Kuwait has a petroleum-based economy. Petroleum and fertilizers are its main exports. Around 95 percent of the country’s export earnings come from petroleum products.
Qatar is the richest country in the Middle East and the world. Approximately around 14 percent of households in Qatar are dollar millionaires. If you are in Qatar, you need not pay income tax. The economic growth of the nation has been almost exclusively based on its petroleum and natural gas industries.
People in these nations enjoy a high standard of living.