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Showing posts with label Awards. Show all posts
Showing posts with label Awards. Show all posts

20 May 2008

Abu Dhabi crowned the Best Arab City

Abu Dhabi has ousted Dubai to claim the top spot as the Best Arab City to live in, according to the second annual study of its kind published by Dubai-based Saneou Al Hadath magazine. The 2008 study showed a sharp rise in the rankings of many cities compared with last year’s survey, illustrating the remarkable progress made in both the economic and service sectors in the Arab world.

There was, however, a marked deterioration in some cities, where the quality of life dropped dramatically. The report showed a widening gap between Arab cities in the Gulf and those elsewhere. Oil was cited as a major contributor to growth in most GCC cities, but a lack of discernible progress in some Saudi cities proved that petroleum was not the sole factor. Riyadh’s status remained unchanged while Jeddah dropped one place.

Abu Dhabi, Dubai, Doha, Manama and Kuwait City all moved up in the rankings, taking primary positions in most of the categories. The progress some of these cities have made now elevates them to a position comparable to that of some major cities in the developed world, said report author Yazan Neme.

The economic and cultural progress these cities are experiencing have caused a brain drain from other, less developed Arab cities. In seeking a better quality of life, professionals have increasingly been migrating to the GCC. This is having an impact on the progress of the poorer Arab cities, where human resources are the main, or the only, source of progress. Beirut, from where graduates are rushing to Dubai and other Gulf cities, is an example.

Among the 19 Arab cities covered in the study, Abu Dhabi was first, followed by Dubai. In the 2008 study, Abu Dhabi scored very well in the entertainment and culture category – although Dubai retained its top slot here – and also beat Dubai in the business, communication and transport categories.

At the other end of the scale, however, little has changed from last year. Khartoum was placed last, after Algiers. Rabat dropped one place to 17. The most remarkable change in this year’s rankings was Tunis and Beirut. Tunis has moved up to sixth position from 11th last year. Beirut, however, dropped six points to 10th place from fourth last year.

Kuwait City topped the business category, followed by Manama, Riyadh, Jeddah, Abu Dhabi and Doha, while Dubai came seventh.

Although Doha and Dubai are the most economically active Arab cities, they did not top the business category because of their high cost of living and high inflation – 12 per cent in Qatar and the UAE in 2007. Kuwait City came in first due to a number of factors, including Kuwait’s high GDP per capita, which reached $55300 in 2007, and relatively low inflation, at 3.9 per cent (according to the CIA’s World Factbook).The country had the second largest GDP per capita in the Arab world and the fifth largest worldwide.

The UAE’s GDP per capita put the country in sixth position worldwide, down from fourth last year. According to the study, Khartoum is the worst place to do business, coming 19th after Aleppo and Damascus. The two Syrian cities fared poorly in many of the survey’s measurement sources including the World Bank’s Ease of Doing Business index, Transparency International’s Corruption Perceptions Index and the Heritage Foundation’s Index of Economic Freedom.

Abu Dhabi also topped the health category, followed by Dubai and then Doha. Bahrain is the biggest spender on health care, at $871 per capita, while Sudan is the smallest, at $41 per capita. Beirut is the city with the highest percentage of doctors, with 325 per 1000 inhabitants, while Emiratis enjoy the longest life span and the lowest infant death rate.

Both Abu Dhabi and Dubai came first in the security and human rights category. This category factored in murder rates, drug abuse, security, risk of war and gender equality, among others. In its Press Freedom Index rankings, Reporters Without Borders put Kuwait at the top and Syria at the bottom.

Abu Dhabi is again the best Arab city in the communication and transport categories, followed by Manama, Kuwait City and Tunis. Dubai came fifth due to its heavy traffic, though the city has the best road infrastructure, according to the World Economic Forum. The worst roads are in Khartoum.

In entertainment and culture Dubai was again ranked number one. Abu Dhabi, however, made a giant leap to second place.

The UAE as a whole ranked 18th in the Travel and Tourism Competitiveness Report published by the World Economic Forum, beating Tunisia at 34th and Qatar at 36th place.

In education, Amman topped the category, beating Manama and Doha. The Qatari government spends the largest share of its budget on education (28 per cent). On amount spent per capita, Doha shared first place with Beirut and Tunis. Morocco had the highest rate of illiteracy (53.3 per cent). Beirut enjoyed the highest tertiary education rate, at 48 per cent; Khartoum once again scored the lowest.


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21 April 2008

Emirates Foundation announces Fellowship awards for nationals

The Emirates Foundation, one of the leading philanthropic institutions in the UAE, today announced its first ever programme of three-year PhD Fellowship awards for UAE nationals.

These full or partial PhD Fellowship awards are available to successful candidates accepted at an accredited university in their specialty. The awards will support advanced study in key areas relevant to the nation's future - Science and Engineering, Information Technology, Environmental Sciences, Planning or Policy, Social Development, Education, and Arts, Literature and Culture.

The deadline to qualify for grants beginning Fall 2008 is Monday, June 30, 2008.

The Emirates Foundation emphasizes that all national applicants for grants must have a Bachelor's university degree or equivalent, and should be prepared to devote their careers to the advancement of knowledge in the UAE.

The Emirates Foundation is planning to make between 10 and 12 Ph.D Fellowship awards this year. The programme will be enlarged in future years, depending on its success in 2008. WAM


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24 March 2008

ADCB Deputy CEO Captures Asian Banking Award

Abu Dhabi Commercial Bank Deputy CEO Ala'a Eraiqat won The Asian Banker 'Promising Young Banker Award for the Gulf Region 2007'. It was recently bestowed at a ceremony in the Vietnamese capital, Hanoi.

The only accolade to recognize excellence among bankers in the middle of their career, it was judged based on candidates' accomplishments, responsibility for major operational or business lines and strong financial performance.

"This is fantastic recognition of all the work Ala'a has put into the business initiatives he has launched since he joined us in 2004," said Eirvin Knox, ADCB CEO.

"This includes the restructuring that led to the creation of ADCB?s UAE Banking Group - for which he is now directly responsible. It also includes the building of the new teams and departments that have captured fresh revenue opportunities and the establishment of new businesses to take advantage of a host of external and tripartite business opportunities." Emmanuel Daniel, president of The Asian Banker, said of the award: "We feel that it is important to celebrate the incredible efforts that certain outstanding individuals are making to the industry mid-career. They set new benchmarks for talent and are raising the bar for the whole industry." In 2007, ADCB saw a 40 percent growth in core business, a 31 percent growth in assets, a 30 percent growth in customer deposits and a ratio of bad loans of just 1.3 percent - the lowest in the UAE.

"Of all of his peers in the Gulf region, Ala'a scores extremely highly on his ability to ensure business growth, something that this award focuses very closely on," said Eirvin Knox.

It is not just the quality of the evaluation process that makes this award so special; it is the quality of the panel of judges. These are some of the most influential people working in banking today. They have put their seal of approval on both Ala?a and what he has achieved at ADCB in the past couple of years.

"I'd very much like to thank the ADCB Board of Directors and Mr. Knox for their trust and the opportunities they have given me," said Ala'a Eraiqat. "Without their support I would never have been in the position to receive this award." "I would also like to express my great appreciation for the work of every ADCB staff-member over the past year." WAM


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