KAUST Ph.D. student Chiheb Ben Hammouda won the best poster award at the Society for Industrial and Applied Mathematics Conference on Financial Mathematics & Engineering (FM19) for his work on option pricing under the rough Bergomi model. The winning poster, titled "Hierarchical adaptive sparse grids and quasi-Monte Carlo for option pricing under the rough Bergomi model," details research carried out under the supervision of KAUST Professor Raul Tempone. The research group designed new efficient numerical methods for pricing derivatives under the rough Bergomi model by combining smoothing techniques. Why it matters: This award highlights KAUST's growing expertise in financial mathematics and its contribution to solving complex problems in the field using advanced numerical methods.
KAUST Professors Mohamed Eddaoudi and Omar Knio have received the Abdul Hameed Shoman Award for Arab Researchers. Eddaoudi was recognized for his work on metal-organic frameworks (MOFs) for clean energy and carbon capture, while Knio was honored for his contributions to mathematical modeling and simulation of thermo-fluid systems. The award, established in 1982, recognizes outstanding scientific output and aims to encourage a culture of scientific research in the Arab world. Why it matters: This recognition highlights the impactful research being conducted at KAUST and underscores the importance of Arab researchers' contributions to solving regional and global challenges.
KAUST Professor Marc Genton has received the Royal Statistical Society’s (RSS) 2023 Barnett Award for his contributions to environmental statistics. Genton's work includes the development of ExaGeoStat, a high-performance software for geostatistics, and the use of spectral methods to emulate climate model outputs. His research includes a five-year study on wind energy potential in Saudi Arabia, informing the Kingdom’s national wind energy strategy. Why it matters: This award recognizes impactful environmental statistics research at KAUST with implications for Saudi Arabia's renewable energy sector and beyond.
KAUST Professor Niveen Khashab has received the 2023 Cram Lehn Pedersen Prize in Supramolecular Chemistry, a prestigious international award. The prize recognizes her original work in supramolecular chemistry and self-assembly of organic molecules, particularly in designing smart nanomaterials. Khashab will receive the award, along with a £2,000 honorarium, at the 2023 International Symposium on Macrocyclic and Supramolecular Chemistry in Iceland. Why it matters: This award highlights the growing prominence of materials science research in the GCC region and KAUST's contributions to the field of supramolecular chemistry.
Professor Sahika Inal from King Abdullah University of Science and Technology (KAUST) has been awarded the Alexander von Humboldt Professorship, Germany's most prestigious research award. The professorship, funded by the German Federal Ministry of Education and Research with up to €5 million, recognizes her leadership in next-generation bioelectronic materials and health technologies. She will establish a leading center for bioelectronic materials and devices in partnership with Dresden University of Technology and the Leibniz Institute of Polymer Research Dresden. Why it matters: This award underscores KAUST's research excellence in biomedical sciences and its faculty's global recognition, while fostering significant international collaboration in advanced health technologies.
KAUST Professor Marc Genton received the International Statistical Institute's Service Award 2019 for his leadership as editor-in-chief of the journal Stat. His research group at KAUST focuses on developing statistical tools relevant to Saudi Arabia's knowledge economy transition. Genton is also working with the University of Notre Dame on wind energy implementation and infrastructure assessment for NEOM. Why it matters: This award recognizes KAUST's contributions to statistical research and its application to renewable energy and economic development in Saudi Arabia.