DERA to establish benchmark for economic and scientific research in the UAE

The Department of Economic Development (DED) announced that the Dubai Economic Research Award (DERA) had entered its final phase, with the selection of the team of assessors to evaluate the submissions for the award.

United Arab Emirates: Tuesday, November 29 - 2005 at 15:03
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The eight-member assessment team, chaired by Dr. Kenneth Wilson from the Dubai campus of Zayed University, is comprised of experts from the government, academic institutions and the private sector, including The Executive Office, Zayed University, Sharjah University, American University of Sharjah, UAE University, the Dubai Chamber of Commerce and Industry (DCCI) and the DED. This judging panel met last week to review the submissions received in the first year of the DERA program.

Saeed Al Suwaidi, Director of Studies and Planning, DED, said:

'A panel of suitably qualified and experienced individuals has been drawn from universities, academic research centers, government and industry to evaluate the submissions. The panel has been carefully selected to ensure that all stakeholders of the UAE economy are adequately represented and that the judging criteria will be applied meticulously.'

'Zayed University has been working together with the DED to establish the highest standards for economic and scientific research in the UAE, and the assessment criteria have been established with this objective in mind,' said Dr. Kenneth Wilson, Professor of Economics and Director of the Economic & Policy Unit, ZU. 'We also aim to ensure that the research will assist the business community and government in the emirate and help build stronger links between these groups' he added.

The judging criteria focus on submissions that apply research to the economic development of the UAE. Submissions must have the potential for significant economic impact within the UAE in one or more of the areas. These include fostering business expansion, improving business profitability, facilitating national employment and enhancing the national workforce, reducing costs and increasing economic efficiency and productivity, improving quality of products, services or working environment and promoting the development of international economic opportunities in the UAE.

Submissions will also be judged on their creativity and innovation, in addition to the extent to which they have addressed issues in the fields of economic and business development in the UAE.

Appropriate research design and methodology, valuable and relevant policy advice to government and well developed methods for evaluating the impact on the U.A.E economy will also be taken into consideration while assessing the submission.

DERA was developed by the DED in coordination with ZU in December 2004, to promote scientific economic research within the UAE. The award is granted for the best original research related to economic development in the UAE. All researchers and students resident in the UAE at the time of submission, including nationals and expatriates are eligible for the award and a total prize package of 100,000 AED is on offer for the top six projects.

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For further information, please contact:
Sudha Chandran / Mahmoud Abdulla
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; Fax : (971 4) 3344556

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.

About Zayed University:

Zayed University was established in 1998 by the federal government of the United Arab Emirates to educate U.A.E. National women. It has campuses in Abu Dhabi and Dubai and offers similar programs on both campuses to approximately 2500 full-time students. ZU is based on an international model of higher education and is organized academically into five colleges-Arts and Sciences, Business Sciences, Communication and Media Sciences, Education and Information Systems. The primary language of instruction is English.

Zayed University delivers innovative research to support the national development of the United Arab Emirates. ZU faculty use their diverse international research experience to address contemporary issues of the UAE as the nation undergoes significant economic, social and cultural change. The research emphasizes outcomes that will provide policy recommendations to the decision-makers of the UAE. ZU conducts its research in collaboration with national and international research partners, UAE government agencies and international funding agencies.

Posted by Anne-Birte Stensgaard, Senior News Editor
Tuesday, November 29 - 2005 at 15:03 UAE local time (GMT+4)

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