King Khalid Foundation, a Royal foundation in Saudi Arabia, and Acumen Fund, a global venture which helps deliver services to the poor, have partnered to raise the profile of the development sector and promote social entrepreneurship.The two entities have joined hands to recruit a Saudi national for Acumen Fund’s Fellows Programme, in Fellows receive an opportunity to work with high impact social entrepreneurs for one year.
In the long run, the partnership hopes to build an entrepreneurial bench of professional talent with strong operational skills, experience in low-income markets, and the moral imagination to build enterprises that meet the needs of low-income customers in Saudi Arabia.
“This partnership is a great opportunity for young Saudis to explore social entrepreneurship and gain exposure to a unique experience that could bring a positive change to the country by promoting global best practices in the social sector,” HH Princess Banderi AR Al Faisal said at the third World Congress of Muslim Philanthropists in Doha.
Ankur Shah of Acumen Fund Middle East, said: “Each year, Acumen Fund recruits highly talented and passionate young professionals from across the world to develop leadership capacity and provide high impact management support to one of our social enterprises.”
“Poor people need work opportunities not dependency,” said Dr. Natasha Matic, Strategy Advisor, King Khalid Foundation.
“Traditional charity often fails to enable people to solve their problems over the long term,” she added.
“By building a network of strong leaders with financial and operational skills who will create opportunities that support the social enterprise sector, we will contribute to finding solutions to poverty.”
Acumen Fund's year-long fellowship begins every September with eight weeks of intensive and multidisciplinary leadership training in New York City.
Topics range from self reflection to negotiation and storytelling training to valuation techniques, marketing and operations. Fellows also meet with business leaders, writers and thinkers and explore issues related to Acumen Fund social investment geographies and sectors.
Following training in New York, Fellows begin their nine-month field placements with Acumen Fund investees. Each Fellow is assigned to a company, where they support senior management in tackling critical business issues - market expansion, business plan refinement, supply chain improvements, or even leading a new business initiative.
Over nine months, Fellows learn and apply skills in high impact operational roles at Acumen Fund investees.
Russia's new main battle tank (MBT), 


Abu Dhabi-based Khidmah, a top services management company, has tied up with Securiguard Middle East, a leading security solutions provider, in a pact that will allow both firms to mutually benefit from their services and expertise.
The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, invested $30bn last year and is expected to match the same amount this year, the Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani said.
The UAE has become world's fourth largest arms importer with its total spending put at Dh23.9 billion ($6.5 billion). The emirates even surged ahead of Israel, which was in the sixth place, said a report.
India's test of a homemade missile defense shield, which was expected to find and demolish hostile ballistic missiles, have proven to be unsuccessful.
Forces from the Saudi Mujahedeen Department seized unspecified quantities of hashish from various parts of Jazan recently, said Khaled Abdullah Qaziz, a spokesman of the forces.
ThyseenKrupp Marine Systems (TKMS) recently announced a “close strategic partnership” and Memorandum of Understanding with the Abu Dhabi MAR group in the United Arab Emirates, but the move is much closer to a sale of key assets.
The Middle East newsline has confirmed that Saudi Arabia has advanced in negotiations to purchase a fighter jet from the United States.
Kuwait's Minister of Electricity and Water Bader Al-Shuraiaan yesterday affirmed Kuwait's interest in acquiring and harnessing alternative energy - namely nuclear and solar energy - and predicted the start of using this power resource in seven years.
Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani stated on Tuesday that Iran’s right to nuclear technology should be respected and Qatar supports Iran’s peaceful nuclear energy program.
France has put aside some $1 billion to buy 14 Soyuz carrier rockets from Russia, French satellite launch firm Arianespace CEO Jean-Yves Le Gall said Tuesday.
A Bahraini charity worker has launched an appeal to feed a million starving people in Somalia.
The Federal Authority for Nuclear Regulation (FANR), the UAE's independent regulator for the nuclear sector, has issued the first licence to the Emirates Nuclear Energy Corporation (ENEC).
Deputy Prime Minister and Minister of Interior HH Lt. General Sheikh Saif bin Zayed Al Nahyan has given directives to expand the periphery of the Police Innovation Award given for cadets at the General Headquarters of Abu Dhabi Police, and widen it to include the entire Ministry of Interior.
There are contacts underway with advanced countries in the field of criminology to set up a database of non radioactive isotope elements at the Forensic Evidence Department of Abu Dhabi Police, said Lt. Colonel Abdul Rahman Al Hamadi, Director of the Forensic Evidence Department at the General Department of Security and Border Points Affairs at Abu Dhabi Police.
India successfully launched its 16th remote-sensing satellite Oceansat-2 and six small Europeans satellites on board a rocket that blasted off from here at 11.51 a.m. Wednesday.
China successfully launched another Earth observation satellite from the Jiuquan space base Friday, according to state-run media outlets.
Taiwan currently has 4884 MWe of nuclear power capacity by means of 3 active plants and 6 reactors, which makes up around 20% of its national energy consumption. This makes Taiwan the 15th largest user of nuclear power in the world.
The Obama administration is considering using maritime levers to ratchet up pressure on Iran, from a modest expansion of existing international interdiction initiatives to the more extreme or less likely blockade of the Arabian Sea mouth and the Gulf of Aden.
The inaugural Aerospace & Defence Training Show (ADTS) was officially opened today at Dubai's Airport Expo by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai's Department of Civil Aviation Authority, Chairman Dubai Airports and Chairman and Chief Executive of Emirates Airline & Group.
Deputy Prime Minister and Interior Minister HH Lt. General Sheikh Saif bin Zayed Al Nahyan, has hailed the achievements scored by the Zayed Charity Initiative through its humanitarian and medical programmes inside the UAE and abroad in which efficient local and international cadres were involved.
China should build the world's strongest military and move swiftly to displace the United States as the global "champion," a Chinese PLA officer says in a new book reflecting swelling nationalist ambitions.
Greek government welcomes ThyssenKrupp’s sale of 75.1 percent of Hellenic Shipyards to Abu Dhabi Mar.
The world's most populous country, China, will fittingly receive the aviation world's largest commercial aircraft with the start of Emirates A380 Dubai-Beijing-Dubai services on 1st August 2010.
Facebook
Twitter
Google+
Rss Feed
0 comments: