Sunday 29 January 2023 - 12:48:49 pm

NYUAD students win ADNOC-Bloomberg Economic Research Challenge


ABU DHABI, 2nd November,2022 (WAM) -- A team of five students from NYU Abu Dhabi have won the ADNOC-Bloomberg Economic Research Challenge at ADIPEC 2022, organised as part of the ADNOC-Bloomberg Education Initiative.

The challenge, in its second year, is the only university economic research competition to take place in the UAE using the Bloomberg Terminal.

Students from UAE University, New York University - Abu Dhabi, Higher Colleges of Technology (HCT) and Khalifa University mimicked global economists in a competition to compile their own macroeconomic research using the latest economic indicators and research tools on the Bloomberg Terminal. The teams analysed the impact of the European energy crisis on oil producing countries, and in particular, the UAE. A panel of judges, including representatives from Bloomberg and ADNOC, picked the winning paper based on a number of criteria, including demonstrating sound analysis.

The winning team members are Taimur Hasan, Nehal Munawar Jamal, Ethan Xu, YuYeong Park and Janka Szabo.

The ADNOC-Bloomberg Education Initiative, presided over by the Ministry of Education, is designed to equip the UAE’s future workforce to navigate capital markets, securities and asset classes, from fixed income to equities, to foreign exchange, commodities and derivatives. The initiative aims to expand students’ financial skillsets in line with the UAE’s vision for a knowledge-based economy. Last year, a team of five students from New York University Abu Dhabi won the ADNOC-Bloomberg Economic Research Challenge at ADIPEC 2021.

Lina Ibrahim/ Amjad Saleh