Dubai: Two companies from the finance sector in Dubai were awarded the Dubai Human Development Award (DHDA) for 2004 at an impressive ceremony held at the Grand Hyatt hotel in Dubai. The winners of the award were presented with a trophy and certificates.
The winners for the DHDA included National Bank of Abu Dhabi (NBAD) and Dubai Islamic Bank (DIB). In addition, two organisations from the tourism sector were awarded Certificates of Appreciation for the significant contribution to national human development within their organisations. The winning companies included - Jumeirah International and Jebel Ali International Hotel.
"The development of UAE nationals within the private sector is of crucial importance to the economic growth in the Emirate," said Essa Kazim, Co-ordinator General of the DHDA and Director General of the Dubai Financial Market (DFM). "This award aims to encourage private sector organisations to invest in national human development and facilitate UAE nationals to build career paths for themselves within the private sector. The criteria of the award evaluates the policies and procedures instituted by companies to increase the efficiency of their national human resources, offer motivation and incentives to be a coherent part of the company's human capital and consequently increase their productivity," he added.
Into its third edition, the DHDA has generated considerable response from the private sector in the Emirate and several companies from various economic sectors have participated in this year's edition. Applications are assessed by a team of assessors, all of whom are experts in human resources. Each applicant receives a detailed feedback report, which evaluates the company's strengths and areas of improvement.
"The success achieved by the national population is a true measure of a country's growth and progress. The DED realises that there is an imperative need to work together with the private sector in this context and has instituted the DHDA which seeks to maximise private sector participation in national human resource development," said Mr. Kazim.
-Ends-
Note to Editors:
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:
Sameh Hamtini / Sudha Chandran
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Dubai,
UAE
Tel: +971-4-3344550,
Fax: +971-4-3344556
E-Mail: info@asdaa.com
© Press Release 2005
