The UAE improved its position in an international innovation ranking that was announced at the UN headquaters in Geneva on Monday.
The country ranked first among Arab countries and 41st worldwide in the Global Innovation Index, up from second in the Arab world and 47th globally last year, reported Wam, the state news agency.
The improvement was attributed to achievements such as strengthening institutions and market sophistication, as well as development in information technology, communications and infrastructure.
Innovation is a major pillar of the country’s economic development and at the heart of good government policies aimed at placing the UAE among the top 10 countries on the index, said Sultan Al Mansouri, Minister of Economy.
He said the progress in the ranking adds to the record of development under the leadership of Sheikh Khalifa, the President, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
The index measured the performance of 128 countries in terms of innovation, and is based on 82 sub-indices.
The UAE ranked first globally in the cost of redundancy dismissal, ease of paying taxes, tertiary inbound mobility and the state of cluster development. In terms of market sophistication, the rankings for the UAE in investment went up to 55 from 105 last year.
Mr Al Mansouri said that while many countries are cutting spending on research and develompent, while the UAE is still putting major effort towards innovation. He estimated the percentage contribution of knowledge and innovation to the gross domestic product at about 3 per cent, which he said was one of the highest rates worldwide.
Reem Al Hashimy, Minister of State for International Cooperation and head of the Federal Competitiveness and Statistic Authority, hailed the UAE’s results. She said her authority is working “tirelessly” on developing a statistical system based on the latest practices.
“We are very pleased with the advanced results achieved by the UAE this year,” she said.
newsdesk@thenational.ae
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Company%20Profile
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
COMPANY%20PROFILE
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Company%20Profile
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SUCCESSION%20SEASON%204%20EPISODE%201
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
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THE SPECS
Engine: six-litre W12 twin-turbo
Transmission: eight-speed dual clutch auto
Power: 626bhp
Torque: 900Nm
Price: Dh940,160 (plus VAT)
On sale: Q1 2020
Company%20profile
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SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
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MATCH INFO
Borussia Dortmund 0
Bayern Munich 1 (Kimmich 43')
Man of the match: Joshua Kimmich (Bayern Munich)
Results
5.30pm Maiden (TB) Dh82,500 (Turf) 1,400m
Winner Spirit Of Light, Clement Lecoeuvre (jockey), Erwan Charpy (trainer)
6.05pm Maiden (TB) Dh82,500 (Dirt) 1,900m
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6.40pm Handicap (TB) Dh92,500 (D) 2,000m
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Winner Celtic Prince, Fabrice Veron, Rashed Bouresly
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
COMPANY%20PROFILE
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