UAE ranks high in innovation and creativity.DUBAI: Global Economic Forum (GEF GEF Global Environment Facility
GEF Guanine-Nucleotide Exchange Factor (biology, biochemistry)
GEF Global Environment Fund
GEF Generic Extensibility Framework
GEF Graduate Education Foundation
GEF Global Ejection Fraction ) has classified the UAE among 23rd world economies based on innovation and creativity.
According to The Global Competitiveness Report The Global Competitiveness Report is a yearly report published by the World Economic Forum.  The first report was released in 1979. The 2006-2007 report covers 125 major and emerging economies. 2012-13 released by the World Economic Forum in Geneva Geneva, canton and city, Switzerland
Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. on Wednesday, the UAE has been ranked 24th out of 144 countries globally, jumping three ranks from last year.
The report evaluates the countries competitiveness along the 12 pillars corresponding to three main stages of economic development -- Stage 1: Factor driven, stage 2: Efficiency driven and stage 3 innovation driven.
The UAE had joined the innovation and creativity driven economies since 2006.
As a result it has been ranked ahead of New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Australia, Italy and Spain.
Reem Al-Hashimy, minister of state and chairperson of the Emirates Competitiveness Council, said the report is an authentication from the international community about the status of the UAE as one of the most advanced and innovative countries, thanks to the wise leadership of the UAE, which has 2021 vision to make itself one of the most competitive countries in the world by 2021.
She said the UAE's competiveness index regarding the labor market efficiency surged by 21 points to seventh globally, reiterating that the UAE would score better results in the next global competiveness reports.
The UAE topped the list of Arab countries and ranked 5th globally in the World Bank's Doing Business Report for ease of trading across borders.
Similarly, it ranked 1st among Arab countries and 17th worldwide on the UN's recent World Happiness Report and 16th internationally in the IMD's World Competitiveness Yearbook.
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