27 April 2007
Special focus on Dubai Economic Research Award

Dubai - The Department of Economic Development (DED) highlighted its support for economic research that strengthens the UAE's growth at the 8th Annual Research Conference of the UAE University in Al Ain. The DED was one of the sponsors of the event for the third year.

Dr. Eesa Bastaki, Dubai Economic Research Award (DERA) Counselor and Director of Education and Technology at Dubai Silicon Oasis, presented detailed information on DERA, and explained the objectives, research areas, registration process, criteria, eligibility and dates of the second cycle. 

"The conference was the ideal venue to showcase the details related to the Dubai Economic Research Award. The Award will complement the Dubai Strategic Plan 2007-2015 announced by UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum," said Dr. Bastaki. "We expect DERA to become one of the internationally acclaimed and specialised awards in the field of economic research."

"The DED expects to receive a large number of participants from the different categories - professional, faculty members and student. We hope that the award will encourage them to attain the highest standards in their researches," added Dr. Bastaki.

Dr. Eesa said that the launch of the book featuring the top ten distinguished research papers will encourage government bodies, business and academic sectors to present high-quality applied research. "The DED will co-ordinate with the concerned bodies to implement some of the suggestions stated in the researches of the first cycle," said Bastaki.

The award covers 10 economic sectors: tourism, oil and gas, health, education, communications and IT, finance and banking, industry, trade, real estate and construction, and transport and storage. The deadline for submissions is September 30. The awards will be presented to the winners in December 2007.

DED has joined hands with several leading companies and institutions to streamline the award process. 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).

-Ends-

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:
Nafisa Marzouki/Nizar Aridi
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
Email: n.marzouki@asdaa.com, n.aridi@asdaa.com

© Press Release 2007