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DED showcases its applied economic research initiative to the Ministry of Economy
- United Arab Emirates: Sunday, January 13 - 2008 at 12:58
- PRESS RELEASE
The Dubai Economic Research Award (DERA) team at the Dubai Department of Economic Development (DED) showcased its support to the UAE's economic and scientific research initiatives during a meeting of the DED delegation with H.E. Sheikha Lubna Al Qasimi, the UAE Minister of Economy.
"The visit is part of an intensive schedule to get the full the support for DERA as it contributes to the UAE scientific research and studies in all economic sectors. The DERA team intends to visit a number of economic bodies and individuals to promote the Award," said Khalid Al Kassim, Deputy Director General for Planning and Development at DED.
"We are privileged to have met H.E. Sheikha Lubna and the DERA team will implement the suggestions of Her Excellency in the forthcoming cycles of DERA," added Al Kassim.
The team, headed by Khalid Al Kassim, comprised Dr. Eesa Bastaki, Award Counsellor and Director of Education and Technology at Dubai Silicon Oasis; Saeed Rashid Al Suwaidi, Director of Economic Studies at DED; and Dr. Magd El-Din Mohamed, Economic Development Advisor at the DED and member of DERA team.
DERA covers 10 economic sectors: tourism, oil & gas, health, education, communications & IT, finance & banking, industry, trade, real estate & construction, and transport & storage. The partners of the second cycle include Zayed University, which has been associated with DERA since the first cycle; Jebel Ali Free Zone Authority; Dubai Investments Company; Dubai Financial Market; Dubai World Trade Centre and Dubai Cable Company (DUCAB).
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Notes and media contacts
About Department of Economic Development (DED):The Department of Economic Development (DED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai. The DED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy. One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.
The DED's other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations. The DED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in the Emirate. Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DED.
For further information, please contact:
Nedal Alasaad/Nafisa Marzouki
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
P O Box 28063, Dubai, UAE
Tel: (971 4) 3344550
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