• HSBC

DERA Conference highlights importance of research in sustaining UAE's economic growth

  • United Arab Emirates: Monday, April 03 - 2006 at 10:54
  • PRESS RELEASE

The Dubai Department of Economic Development (DED), in partnership with Zayed University (ZU) organized the Dubai Economic Research Award (DERA) conference today at Madinat Jumeirah, Dubai.

More than 10 finalists' of the award presented their research papers spanning a wide range of subjects in each category.

During the conference, finalists from the General (professionals/academics) and student categories, presented their research papers on various economic sectors in the UAE.

Saeed Rashid Al Suweidi, Director, Studies and Planning at DED, said:

"Research and development are key factors for economic growth and competitiveness, and DERA reflects Dubai's commitment to invest in its intellectual capital, in order to keep pace with the fast-changing and complex world economy."


The pre-event conference will enable economic researchers to share their findings, theories and expertise with representatives from the public and private sectors as the first step to translating theoretical knowledge into practical concepts. This award is an incentive to encourage continuous research and development that will guarantee our growing competitiveness in international trade and economy."

Dr. David McGlennon, Director for Research and Outreach, said: "The DERA has been an outstanding success and we have received a total of 142 submissions in various categories. All the participants of this award have contributed significantly to building a national knowledge base by taking the initiative to conduct research on local economic issues. This conference has been an excellent platform to bring together the theorists and the practitioners of the business world in the UAE. We hope it will lay the foundation for a research-enabled economy in the UAE. "

Dr. McGlennon commended the work and efforts of the judges who had spent considerable time assessing the submissions and ensuring a systematic and transparent judging process.

Dr. Masood Abdullah Badri from the UAE University, Al Ain presented an analytical study of Dubai's e-Government model in his paper entitled: 'The Business Value of Dubai e-Government: A Path Analytic Model and Measurement'. The paper detailed the workings of a model for measuring the business value of e-government. It provided results of its application to business firms operating in Dubai and using its government electronic services (e-government).

The second presentation titled 'Are the UAE Financial Markets Efficient?' was delivered by Dr. Jay Squalli, Zayed University. The paper tests for weak-form efficiency in the Dubai financial market and Abu Dhabi Securities Market.

Other participants from the professional/ academics presented also including Dr. Raed Awamleh and Dr. Cedwyn Fernandes, University of Wollongong-Dubai, presented a research titled 'Empirical Investigation of the Internet Banking in the UAE: Bank Adoption Levels in the Context of Customer Satisfaction and Determinants of Diffusion of Internet Banking,' Dr. Kamal Amin, Dubai University College presented a paper titled 'FDI Inflows to the UAE: Determinants & Policy Issues' and Dr. Hugo Toledo, American University of Sharjah represented a paper entitled 'An Exposition of the Problems and Prospects of Emaratization'. Dr. Bruce Q. Budd, Zayed University, spoke on 'Does Efficiency Matter when Profits are High?" and Dr. Ananth Rao, Dubai University College presented a paper entitled 'Multi-Attitude Analysis of Confidence, Convenience and Price Functions of Customers of Financial Service Firms: A GLS Model'.

In the Student Category, presenters included Luigge Romanillo, Lydia Wright and Enjy Kiwan from American University in Dubai presenting a research titled 'Ownership amid Shifting Dunes: Property Rights and the Future of Dubai's Real Estate Boom, Iman Al Sayegh & Hana Alawi, Zayed University presemted a paper titled 'An Investigation into the Inflation Rate in the UAE' and Laila Albadi, Zainab Darwish and Fahima Kamali, Zayed University presented a paper entitled "Is Margin Trading Appropriate for UAE Stock Market".

DERA was instituted by the DED in coordination with ZU in December, 2004, to promote scientific research within the UAE. The award is offered for 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.
 
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Notes and Media Contacts »

For further information, please contact:
Mahmoud Abdulla, 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
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.

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