UAE named as one of the top world's innovators

The UAE has been named by a renowned business magazine as one of the World's Top Innovators. According to The World Business, a specialised business and economic magazine, the UAE ranked 14th in the list of nations and regions which are responding best to the challenge of innovation which is posed by Globalisation.The UAE is the only country in the Arab and Islamic World to achieve that ranking position, coming next in order after the US, Germany, UK, Japan, France, Switzerland, Singapore, Canada, Netherlands, Hong KOng, Demark, Sweden and Finland. The study that covered some 107 countries saw , Israel pushed back to position no 18, thus making the UAE the only country in the Middle East to have achieved such a higher ranking.According to World Business magazine, the biggest sign of the shifting tectonic plates of the world economy is the appearance of the United Arab Emirates at 14th in the global list."The brightest star in the Middle East - four places above Israel - UAE has benefited from government leadership that sets it apart from its neighbours through policies explicitly designed and implemented to attract skilled workers and technology-intensive companies. The result, particularly in Dubai, has been growing clusters of innovative companies", said the magazine.In recent years, said the magazine, innovation has pushed itself to the very top of policy-making and senior executive agendas as a result of globalisation. Source