Five entrepreneurs from the UAE were announced as finalists in the Middle East Entrepreneur of the Year Awards 2007.

Abu Dhabi's Dani Safi, CEO of Tabreed and BR Shetty, Managing Director of UAE Exchange Centre LLC, together with Dubai's Arif Naqvi, EVC and CEO of Abraaj Capital, Omar Ayesh, President of Tameer Holding Investments, and Sunny Varkey, Chairman and Founder of the Varkey Group, all beat a host of hopefuls to the post.

The Entrepreneur of the Year awards programme recognises outstanding entrepreneurs on a regional and global level who are building and leading dynamic, growing businesses.

The five finalists from the UAE were selected from a large number of nominated leading entrepreneurs from ten countries across the Middle East region and now join a total of 20 finalists to participate in the Middle East Entrepreneur of the Year celebratory weekend scheduled to be held in Dubai from 21 - 23 February 2008.

During the three day event the finalists will have the opportunity to present their entrepreneur success story to a panel of independent distinguished judges. Awards will be given to those who have demonstrated excellence and extraordinary success in such areas as financial performance, entrepreneurial sprit, strategic direction, national or global impact, innovation and personal integrity.

All of the entrepreneurs will receive awards which celebrate their success at a gala dinner and awards ceremony on the evening of February 23, 2008.

Reacting to the news of being selected as a finalist from such a high quality field of applicants, Dani Safi said “It is an honour to be selected and I will take this as a challenge to be more determined in continuing to succeed and excel in the future''.