HH Sheikh Mohammed bin Rashid Al Maktoum congratulated Professor Yacine Aït-Sahalia, a Professor of Finance and Economics at Princeton University, for winning Great Arab Minds Award in Economics.
Sheikh Mohammed bin Rashid praised Professor Aït-Sahalia for his pioneering contributions to financial econometrics, data measurement, and financial analysis.
His work has advanced the modeling of high-frequency financial data and continuous-time processes.
Enabling a deeper understanding of variables.
Who is the Winner of Great Arab Minds Award in Economics ?
Sheikh Mohammed bin Rashid stated:
“We congratulate the winner of Great Arab Minds Award 2024 in Economics, Professor Yacine Aït-Sahalia from Algeria, Professor of Finance and Economics at Princeton University.
He has made exceptional contributions.
By developing an advanced economic and financial metric to determine volatility levels and understand future patterns of market fluctuations.
His work has enhanced financial market analysis and improved economic risk assessments.
Besides increasing the efficiency of financial and economic planning.
We celebrate his achievement and take pride in all Arab minds who have inspired us with their creativity.
We look forward to meeting them soon at Great Arab Minds ceremony.”
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Sheikh Mohammed bin Rashid Celebrates and Supports Exceptional Arab Talent.
Mohammad bin Abdullah Al Gergawi, Chairman of the Great Arab Minds Higher Committee, informed Professor Aït-Sahalia of his win via video call.
Al Gergawi highlighted that the award reflects Sheikh Mohammed bin Rashid vision to celebrate and support exceptional Arab talent.
By highlighting their achievements and expanding their effective cognitive and developmental impact in their specializations.
In order to foster innovation and excellence across the Arab world.
“Your theories on econometrics and financial analysis have become a reference for numerous institutions, markets, economies, and governments.
Your studies inspire a new generation of skilled economists.
Both in the Arab world and globally, you are a source of pride for everyone in the Arab world,” Al Gergawi added.
Professor Aït-Sahalia developed high-frequency econometric methods to analyze financial data, estimate volatility, forecast market trends, and evaluate risk.
His techniques for addressing microstructure noise and capturing market dynamics have provided essential tools for asset pricing and financial decision-making.
With over 80 academic studies and two books, Professor Aït-Sahalia research introduced innovative methods for analyzing financial data and enhancing economic planning.
