Economics Nobel Prize winners are J-PAL co-founders

Esther Duflo and Abhijit Banerjee
Updated 21 October 2019

Economics Nobel Prize winners are J-PAL co-founders

On Oct. 14, the Nobel Prize for Economics was awarded to Esther Duflo, Abhijit Banerjee and Michael Kremer for their experimental approach to alleviating global poverty. Duflo and Banerjee are two of the cofounders and co-directors of the Abdul Latif Jameel Poverty Action Lab (J-PAL). Kremer is one of J-PAL’s original affiliated researchers. Duflo is the youngest winner of the prize, and only the second woman to receive the award.
Community Jameel, a global philanthropy, has been partnering with and supporting J-PAL since 2005. J-PAL aims to tackle the root causes of poverty through evidence-based assessment, including issues related to health, education, youth employment, and financial inclusion.
To-date, J-PAL has touched the lives of over 400 million people, with a staff of over 400 people in seven offices and over 180 affiliated researchers.
Mohammed Jameel KBE, founder of Community Jameel, said: “The Nobel Prize is a fitting recognition of the achievements of all three winners in applying development economics to alleviate poverty worldwide. Their approach has transformed the way governments, philanthropies, corporations and NGOs strive to build a better world. J-PAL seeks to answer a simple question: What works in fighting poverty? We are delighted that Community Jameel, through J-PAL, has been part of Esther and Abhijit’s mission to find the solution.”

FASTFACT

To-date, J-PAL has touched the lives of over 400 million people, with a staff of over 400 people in seven offices and over 180 affiliated researchers. 

At a press conference at the Massachusetts Institute of Technology (MIT), Duflo, the Abdul Latif Jameel professor of poverty alleviation and development economics in the Department of Economics at MIT, said: “Mohammed Jameel, who is the third person whom we really want to acknowledge in the birth of J-PAL, Mohammed Jameel who saw in us, maybe a little bit like Bengt (Bengt Holmström, influential MIT economist who won the prize in 2016), and maybe for the same reason, that he has business acumen that none of us really had. He saw in us, and in our project, something that could make a difference, and decided to risk his reputation and his money, behind that. This would have never have happened without the ecosystem and his vision and commitment for the world’s poor, which was apparent then, and [is] still important today.”


Seafood lovers flock to LuLu fiesta

LuLu Hypermarket’s annual seafood festival, held in association with the National Fisheries Development Program, was attended by senior officials from the fisheries department and LuLu.
Updated 20 November 2019

Seafood lovers flock to LuLu fiesta

LuLu Hypermarket hosted its annual “Seafood Fiesta,” a showcase of more than 100 varieties of fish and shellfish across its stores in the Kingdom.
The seven-day festival, which ran until Nov. 17, was held in association with the National Fisheries Development Program, a subsidiary of the Department of Ministry of Environment, Water and Agriculture (MEWA).
LuLu honored seven Saudi fishermen who completed 50 years in the field of fishing. The seafood festival was inaugurated by Abdul Aziz A. Alshehab, general director of Fisheries Research Center, Eastern Province, at LuLu Hypermarket in Dammam. At its Jeddah branch in Amir Fawaz district, the event was inaugurated by Rada Al-Zahrani, director of the fisheries department in Jeddah, while at the Riyadh branch in Murabba district, Dr. Ali Muhammed Al-Shaikhi, CEO of National Fisheries Development Program, opened the event.
Shehim Muhammed, director of LuLu Hypermarket Saudi Arabia, said: “We have always taken pride in offering fresh and high-quality seafood from around the world. Seafood Fiesta is one such event that proves the commitment of LuLu to bring the widest range of fish and shellfish that is well-loved by both the local and expat communities. We also support local produce, as we are recognized as the top seller of Samaq-certified products, which highlight fresh and cooked seafood that is promoted by the national aquaculture product certification and labeling program of the Saudi Aquaculture Society, under the guidance of MEWA.”

HIGHLIGHT

LuLu honored seven Saudi fishermen who completed 50 years in the field of fishing, during the seven-day festival, which ran until Nov. 17.

From Norwegian salmon to sea bass, lobster, kingfish and much more, LuLu offered fish and shellfish products in both fresh and frozen options. Apart from the seafood offerings in the wet section, the hypermarket offered a variety of fish dishes at its hot food stations. Japanese maki, prawn pizza, grilled tuna, salmon quiche, fish masala and tuna puff were some of the main attractions at these counters.
LuLu Hypermarket, one of the largest retailers in the region, recently celebrated the group’s 10th anniversary in the Kingdom.
With 180 stores operating worldwide, LuLu aims to provide and sustain the supply of global products at the best rates. It is one of the favorite shopping destinations of both locals and expatriates in the Kingdom.
LuLu is the fastest growing retail chain across 10 countries that include the GCC, India, Egypt, Indonesia, and Malaysia. It is one of the Middle East’s top employers with a workforce numbering at more than 55,000.