UAE is Arab world's most innovative nation again.

The UAE maintained its top position as the most innovative country in the Arab world in 2019, while also improving its global ranking by two positions to 36th, according to the annual Global Innovation Index (GII) released on Wednesday.

The GCC's second-largest economy has seen its ranking consistently rising over the past four years, moving 11 spots up from 47th in 2015 to 36th in 2019. It ranked 24th and 58th on the innovation input and output sub-indices, respectively.

The report found the UAE has the lowest cost of redundancy dismissal for the companies.

The GII ranked 129 countries based on their capacity to innovate; human capital and research; infrastructure; market sophistication; business sophistication; knowledge and technology outputs; and creative outputs.

The UAE's ranking among key sub-indexes increased substantially in 2019. Its creative output index jumped 20 positions to 50th while human capital and research jumped 13 places to 18th this year.

The UAE is taking a number of initiatives such as establishing an intellectual property registration hub, promoting a unified network aimed at encouraging fundamental research collaboration between institutes and identifying, connecting and tracking innovation financing through enhancements in the venture capital ecosystem.

Sultan bin Saeed Al Mansouri, UAE Minister of Economy, said the...