Mohammed bin Rashid congratulates Professor Yassin Ait for winning an award "Geniuses of the Arabs 2024" For the economics category

Dubai, December 30 / WAM / His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, congratulated Professor Yassin Ait Sahalia, winner of the “Geniuses of the Arabs 2024” award in the economics category, for the research and studies he presented. And theories adopted in many systems of financial analysis and forward-looking economic planning for the short, medium and long future.
His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “Today we congratulate the winner of the Arab Geniuses Award in the Economics category for the year 2024, Professor Yassine Ait Sahalia from Algeria, Professor of Finance and Economics at Princeton University, who made exceptional contributions in developing an advanced financial economic measure, to determine the levels of… Its volatility, and understanding its future patterns of rise and fall, which contributed to improving the analysis of financial markets, assessing economic risks, and raising the efficiency of financial and economic planning. We congratulate him on his victory, and we are proud of all the Arab geniuses who They inspired us with their creativity, and we will meet them soon at the Arab Geniuses Award ceremony, God willing.”

The “Arab Geniuses” Award, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, honors the achievements of distinguished Arab figures in six vital categories to resume the Arab region’s contribution to the path of human civilization, namely economics and medicine. Natural sciences, engineering and technology, architecture and design, literature and the arts.
The title of “Geniuses of the Arabs” in the economics category was won by Professor Yacine Ait Sahalia, from Algeria. He is a professor of finance and economics at Princeton University in the United States of America, who developed qualitative theories and scientific methodologies that enable real-time financial analysis and support the visions of economic and strategic planning for major institutions and the most important development sectors. And many governments and countries.
Professor Yassin enhanced the role of economic plans in development work, which reflects positively on advancing civilizational progress and contributes to improving the gross domestic product and opportunities for economic, social and human development.
Professor Yassin is the pioneer of the high-frequency financial economic measurement, which created a qualitative shift in the field of economic measurement, by using data in the markets to determine their levels of volatility and predict future patterns of rise and fall, and whose results have been used so far in many fields such as risk assessment and management, and financial analysis. .
Professor Yassin currently holds the position of Professor of Finance and Economics at Princeton University in the United States of America. He previously served as the first director of the Bendheim Center for Finance at Princeton University from 1998 until 2014. Before that, he was a professor of finance at the Booth School of Business at the University of Chicago, where he worked from 1993 until 1998.
He was the co-editor-in-chief of “Economic Metrics” between 2012 and 2018, “Economic Metrics” between 2007 and 2013, “Finance and Financial Market Analysis” between 1996 and 2011, and “Finance” between 2007 and 2010. Professor Yassin Bain also edited 2003 and 2006 Bulletin of the Review of Financial Studies.
Over the years and decades, Professor Yassin conducted more than 80 prestigious academic research and studies and wrote two books, all of which are currently widely used in economic and financial systems, whether for pricing assets or monitoring financial market indicators.
His Excellency Muhammad Abdullah Al-Gergawi, Minister of Cabinet Affairs, Chairman of the Supreme Committee of the “Geniuses of the Arabs” initiative, communicated with Professor Yassin Ait via videoconferencing technology to inform him of his victory in the “Geniuses of the Arabs 2024” award in the economics category, stressing that the exceptional Arab minds, especially in The field of economics and its strategies are a source of pride and pride for young talents and competencies in the Arab world because they are the enabler, catalyst and accelerator to restore the active Arab role in the paths of progress.
His Excellency Mohammed Al Gergawi said that the Arab Geniuses Awards translate the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to honor distinguished Arab minds, publicize their achievements, and expand their effective cognitive and developmental impact in their specializations to design the future of the Arab region and the world.
His Excellency Professor Yassin Ait addressed him, saying: “Your theories in economic measurement and financial analysis have become a reference for many institutions, markets, economies and governments, and your studies inspire a new generation of skilled Arab and international economists, and everyone in the Arab world is proud of you.”
He called on the rising generations and emerging talents, especially in the field of economics, to emulate the inspiring success stories of Arab geniuses in transforming ambitions into tangible reality, stressing that the “Arab Geniuses” awards continue to highlight the achievements and creativity of inspiring Arab minds.
Professor Yassin Ait has published many research papers in economic circles, and one of the most cited in his master’s and doctoral theses is the study “Two Measures: Determining Integrated Volatility Using High-Frequency Data,” which addresses the challenges posed by the precise, process-intensive structure of financial and economic markets when estimating the volatility of high-frequency returns, and proposes The professor, through the study, developed a framework for achieving estimates at two parallel scales, and ideally using accurate data to reconcile the continuous modeling scale with the isolated sampling scale, improving the accuracy of forecasts, regardless of crowding. Market movements.
His Excellency Abdullah bin Touq Al Marri, Minister of Economy, chaired the “Arab Geniuses for the Economy” committee, whose membership included His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, Dr. Muhammad Madi, Dean of the College of Management and Economics at the United Arab Emirates University, and Dr. Rabah Arezki, a senior fellow at Harvard University’s John F. Kennedy School of Government, Farid Belhaj of the Policy Center for the New South, and Dr. Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund.

With this announcement, the list of winners of the second edition of the “Geniuses of the Arabs” Awards in its six categories has been completed after the victory of architect Sahel Al Hiyari, from Jordan, in the architecture and design category, Professor Yasmine Belkaid, from Algeria, in the medicine category, and Professor Omar Yaghi, from Jordan, in the Natural Sciences category, the artist Diaa Al-Azzawi, from Iraq, in the Arts and Literature category, and Professor Osama Khatib, from Syria, in the Engineering and Technology category.
The “Arab Geniuses” initiative, which has become the “Arab Nobel,” works to shed light on the inspiring achievements of exceptional Arab minds, publicize their impact on the process of development and human civilization, expand it, and motivate more Arab youth and emerging Arab talents to follow the example of the distinguished Arab geniuses.
For the second year in a row, the award, the largest of its kind in the Arab world, continued to record a qualitative turnout and a large volume of nomination requests from individuals and institutions for scientific, cognitive and creative positions that have become role models for young Arab cadres of perseverance and dedication in order to enhance the Arab role in the cultural heritage and human knowledge.

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