Nobel Prize

The Nobel Prizes as designated in Alfred Nobel's will in 1895, are awarded for Physics, chemistry, physiology or medicine, literature, and peace. A prize in economics in memory of Nobel was instituted by Sweden's central bank in 1968. The first five prizes were first awarded in 1901, while the first prize in economics was awarded in 1969. All six prizes are administered by the Nobel Foundation; the prizes in medicine, chemistry, physics are widely regarded as the most prestigious award one can receive in those fields of research. The peace prize, which is handed out in Oslo, Norway, is viewed by some critics as more of a political award . The other five awards are handed out in Stockholm at an annual ceremony on December 10, the anniversary of Nobel's death.

. 2007 Nobel Prize Winners :

1. Physics : Albert Fert & Peter Grünberg "for the discovery of Giant Magnetoresistance"

2. Chemistry : Gerhard Ertl "for his studies of chemical processes on solid surfaces"