The Kuwait Foundation for the Advancement of Sciences (KFAS) honored Arab researchers and granted the Kuwait Prize '24 for their achievements in Science & Technology. This annual award recognizes significant scientific contributions and outstanding research efforts across various fields. The specific research areas or recipients were not detailed in the provided title. Why it matters: This initiative plays a crucial role in encouraging scientific innovation and fostering collaboration among researchers in the Arab world, thereby contributing to regional advancements in science and technology.
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 Peter Richtárik received a Distinguished Speaker Award at the Sixth International Conference on Continuous Optimization (ICCOPT 2019) in Berlin. Richtárik's lecture series, totaling six hours, focused on stochastic gradient descent (SGD) methods, drawing from recent research by his KAUST group. He highlighted key principles and new variants of SGD, the key method for training modern machine learning models. Why it matters: This award recognizes KAUST's contribution to fundamental machine learning optimization, which is critical for advancing AI in the region.
KAUST postdoctoral fellow Carolina Euán received the Sylvia Esterby Presentation Award from the International Environmentrics Society (TIES) for her talk on a spatio-temporal model applied to drought data in Mexico. The research, conducted with KAUST Associate Professor Ying Sun, focuses on modeling dependence between processes observed in two categories, such as dry or rainy days. Euán joined KAUST in 2016 after completing her Ph.D. in statistics from the Research Center in Mathematics (CIMAT), Guanajuato, Mexico. Why it matters: This award recognizes the quality of environmental statistics research being conducted at KAUST and its applicability to understanding complex environmental phenomena in the region and beyond.
KAUST Professor Marc Genton and his former postdoc Stefano Castruccio jointly won the 2017 Wilcoxon Award for their paper in Technometrics. Their paper, "Compressing an ensemble with statistical models: An algorithm for global 3D spatio-temporal temperature," details a data-compression scheme for climate simulations. The method reduces data-storage requirements and accelerates climate research capacity. Why it matters: This award highlights KAUST's contribution to statistical methods for climate modeling and big data analysis, particularly relevant for studying renewable energy resources in Saudi Arabia.
Dr. Paula Moraga, an Assistant Professor at KAUST, has been awarded the 2023 Letten Prize for her work on disease surveillance systems. The prize recognizes researchers under 45 for contributions to health, development, environment, and equality. Moraga's research enables early epidemic detection, and she was selected from 164 applicants. Why it matters: This award highlights KAUST's contributions to public health research and underscores the importance of AI and data science in addressing global health challenges.