The University of Dubai (UD), a prestigious academic institution established by Dubai Chamber, once again proved its mettle when its team of five students was awarded the prestigious DIFC Globe for their outstanding equity research report and presentation on DP World at the final event of the Global Investment Research Challenge.
The panel of judges evaluated the participating teams from the university, and other well known academic institutions in Dubai, on the basis of their investment case, presentation skills and ability to answer multiple challenging questions from the panel. The UD team was awarded first place based on their overall performance in the competition.
Dr M. Omar Hefni, President of the university, stated: “Once again our students have proved the credentials of our institution and have added a feather to its cap. I take this opportunity to congratulate the award-winning team and wish them every success in the future. Other students will surely draw inspiration from their success which shows that hard work and dedication truly pays. This award once again underlines our commitment to impart top level education to our students and prepare them for the corporate world.”
The award-winning team of students was from the Finance and Banking Department of the College of Business Administration at UD and they were participating for the first time in the Global Investment Research Challenge. The participating students were: Ahmad R. Esmaeel, Deema Nabil Hassan, Najat Kassem Lezziek, Samer Ali and Souheila Issam. A faculty representative from the university, Dr. Reza Chowdhury, and an external mentor, Prabhakar K. (CFA, FSA and CISA), partner and CEO of Moricon International, provided the necessary guidance to the team to carry out their research. The UD team presented and defended its report to a panel of independent judges at the Emirates Towers, Dubai.
The winning team, while expressing their delight, also said they felt deeply honored to have won such a prestigious award in recognition of their entrepreneurial abilities. They thanked the university for trusting their abilities and giving them the opportunity to participate in such a competition. They extended their congratulations to all UD students, saying they should feel proud to be part of such an esteemed institute which encourages top quality research that can have worldwide impact. They hoped that the award would go a long way towards inspiring others to follow in their footsteps and achieve equal entrepreneurial success.
The distinguished panel of judges included Deon Vernooy, Senior Executive Officer at Emirates Investment Services Limited, Ashok Talukdar, Assistant Advisor for Treasury in the Evaluation & Follow-up Department at the Abu Dhabi Investment Authority (ADIA), Redwan Ahmed, Industrial Analyst at EFG Hermes and Yacoub H. Nuseibeh, President of CFA Emirates.
This initiative, organized by CFA Emirates, was first set up in 2002 by the New York Society of Security Analysts (NYSSA) – a member society of the CFA Institute – in order to promote best practices in research among the next generation of financial analysts and to provide students with an insight into the investment industry.
