More details can be found here: http://www.mei.nus.edu.sg/blog/mei-announces-the-2nd-annual-emirates-nbd-middle-east-essay-prize.
You can also find a brief write-up on our winner last year, a 3rd year FASS political science student in NUS, here: http://www.mei.nus.edu.sg/blog/winner-of-essay-prize-received-by-emirates-nbd-ceo-in-dubai.