Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, opened here today the 3rd Annual Global Entrepreneurial Summit. Sheikh Mohammed addressed an audience consisting of more than 2000 experts and decision-makers in the field of entrepreneurship in addition to small and medium enterprises around the world, WAM reported. He also said that entrepreneurship is not an alien phenomenon for the Arabs. "We invented the alphabets and many branches of science such as Algebra and mathematics. We the Arabs founded the first university in history, from where people of learning graduated in medicine, astronomy and mathematics. The Arab Islamic civilization is the first one that excelled in the globalization of culture, science and knowledge", Sheikh Mohammed said.