Mohammed bin Rashid Congratulates Winner of 2024 Great Arab Minds Award in Economics

Photo : Dubai Government Media Office

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, has congratulated Professor Yacine Aït-Sahalia from Algeria for winning the Great Arab Minds Award in Economics for 2024. Professor Aït-Sahalia is a teacher and expert in finance and economics at Princeton University.

Sheikh Mohammed praised Professor Aït-Sahalia for his important work in studying how money and markets work. He explained that Professor Aït-Sahalia has created new ways to understand how prices in markets change and how to predict the future of financial markets. His work has helped people make better plans about money and understand risks more clearly.

Sheikh Mohammed said, "We are happy to honor Professor Yacine Aït-Sahalia for his great work in economics and finance. He has created smart ways to study how markets behave. This has helped us know more about how markets change in the future. His work has improved how people study financial markets, understand risks, and make better plans."

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He added, "We are proud of his success and of all Arab thinkers who inspire us with their creativity. We look forward to celebrating these achievements at the Great Arab Minds ceremony."

Mohammad bin Abdullah Al Gergawi, the Minister of Cabinet Affairs and Chairman of the Great Arab Minds Committee, shared the news with Professor Aït-Sahalia in a video call. During the call, he said that this award shows Sheikh Mohammed’s wish to support talented Arab people and highlight their great work. He said, "Your research about finance and markets has helped many governments, businesses, and experts. Your work inspires young economists in the Arab world and across the globe.You are a source of pride for all Arab people.

Professor Aït-Sahalia’s work has brought new ways to study how markets work. He created smart methods to study financial data and predict risks in markets. He found ways to measure changes in market prices and understand how markets move. His work has been used by many experts to make better choices about money and investments.

Professor Aït-Sahalia has written more than 80 studies and two books. His work has given new ideas to help people understand money and markets. It has also helped people make better plans for the future.

This award shows how the UAE celebrates and supports talented Arab thinkers. It reflects the country’s efforts to encourage people who bring new ideas and make important changes in the world.

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