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The Dubai skyline is seen from the Dubai Chamber of Commerce and Industry building. [Marwan Naamani/AFP]

Innovation and entrepreneurship make the United Arab Emirates the number one economic leader among Gulf States, according to a new ranking announced on Tuesday (December 11th).

The UAE ranked first among Gulf States on the 2012 Arabia Fast Growth 500, officials announced during the Arabia 500 awards ceremony. The ranking was based on the number of small- and medium-sized enterprises (SMEs) listed in the gulf country.

To read the original article: UAE leads Gulf in entrepreneurship | Al-Shorfa