Dubai, July 3 (IANS/WAM) The World Economic Forum has placed the United Arab Emirates (UAE) first on the Arab level and 23rd on global level for the sixth consecutive year in the category of the Innovation-based Economy.

The Global Competitiveness Report 2011-2012 released Tuesday assessed the ability of the world countries to promote innovation and knowledge to push their economies to compete globally.
–IANS/WAM
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