CIMA (UAE) National Winners Announced For The Global Business Challenge

CIMA (Chartered Institute of Management Accountants) is delighted to announce that Bizz Wizards, University of Wollongong in Dubai (UOWD) has won the (UAE) national round of the Institute’s Global Business Challenge (GBC). The GBC, which is sponsored globally by Barclays, is an international competition designed to bring out the best in potential business leaders among young people. The global final promises to be an exciting event, with eleven teams competing on an international stage for the title of ‘Global Winners’.

There were five shortlisted teams; Partum Nixus, Bizz Wizards, The Freshmen Group, Corporate Climbers and Trident represent Phoenix Financial Training, University of Wollongong in Dubai, American University of Sharjah, Abu Dhabi University and Heriot Watt University Dubai Campus respectively.

Over 100 students entered the first round. The teams were presented with a portfolio of realistic business information about a fictional mobile phone operator. Acting as financial consultants, the teams submitted a report setting out their recommendations for the future of the company.

Bizz Wizards will be flown to the global final which takes place on 5 and 6 August in Malaysia. Once there, they will face tough competition from the other winning national teams representing: the UK, Ireland, Hong Kong, Sri Lanka, India, mainland China, Malaysia, Pakistan, Singapore, South Africa, UAE, Philippines and Australia. Biz Wizards, UOWD will present a business case to an audience of CIMA delegates and a judging panel of prestigious experts who face the challenging task of picking the winning finalists.

Bilal Sohail, one of the leading winning team members, said of their achievement: “We are delighted to have won the UAE national final of the Global Business Challenge. We have enjoyed the challenge and we look forward to competing for the Finals of the Global Business Challenge with other global teams this coming August in Kuala Lumpur, Malaysia.

Geetu Ahuja, CIMA UAE Country Manager, added: “CIMA is very proud of Bizz Wizards, of UOWD’s achievement in winning the national round of The CIMA Global Business Challenge. The standard of this year’s competition was higher than ever, and we would like to congratulate Bizz Wizards and University of Wollongong in Dubai on their success. We aim to demonstrate to students that business and specifically management accounting can be challenging, interesting and strategic. These exceptional students are on their way to becoming tomorrow’s high flyers. CIMA represents some of the leaders in business and currently has over 172,000 members and students in 165 countries. I would like to wish Bizz Wizards every success for the final round.”

Follow the teams’ progress on Facebook http://bit.ly/d3wW5N and CIMAsphere http://bit.ly/cvp2Lj for a personal insight into their GBC journey.

For further information, please visit the CIMA Global Business Challenge website at www.cimaglobal.com/globalbusinesschallenge