Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Invest more in our youth - and make a difference: Alghanim   Join our daily free Newsletter

MENAFN - Arab Times - 03/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The eyes of the business, political and developed world were focused on the Swiss town of Davos recently when leaders in each of these fields gathered for the annual World Economic Forum. I was fortunate enough to attend this impactful gathering and participate in various discussions addressing issues which we all need to have on our radar screens here in Kuwait and beyond: Youth unemployment, reforms in education, and frontier markets. Here's why these three issues are so important for us. First, the Arab world has some of the highest unemployment rates in the world. Second, almost 65% of our population is below the age of 25. These numbers are alarming



It's time now for us to create a common understanding of the youth unemployment challenge and find ways to explore policy interventions to increase the number of youth employed in the private sector. As CEO of Alghanim Industries, it's something I am fully committed to doing as I look to build a more robust economic future for our youth. We cannot effectively create a more prosperous society for the next generation without securing social stability and that cannot be achieved without having young Kuwaitis participate in private sector jobs.



To participate in private sector jobs, we need to rethink education and address key skills needed by our youth to succeed in a competitive environment. We need to engage educators in a dialog and explain the need to invest in training to develop relevant competencies required by the private sector. I have seen how this is possible in my role at Injaz, which mentors emerging youth across the MENA region to develop business skills and teach students about entrepreneurship. Simply put, talent underpins everything



People are the platform for growth, industrialization, and competitiveness. So how do we go about making this happen? Let's have some facts speak for themselves. For instance, corporate giving to global health is sixteen times what it is to global education. Shouldn't we all think about investing more in our youth so their futures are launched from a more solid educational and job relevant background? Knowledge is power. Our world today is more connected than ever. We are living in a so called "24/7" world, but a world where we are more informed than ever before. Yet therein lies our challenge



As a Kuwaiti, I plan to rise to this challenge, invest more in our youth, encourage entrepreneurship and participate in making education more relevant. I strongly believe that a competitive labor force will also encourage more competition in the private sector, which in turn will make our private sector firms stronger and prepare us for global competition in an innovation driven economy. It's time we all started to make a difference, have an impact, and all emerge as leaders




 


Arab Times




  MENA News Headlines
 Sep 4 2015 - UAE spa tourism set for USD411m earnings in 2015MENAFN
(MENAFN) The UAE has taken the first place among Arab countries in terms of spa tourism, with visitor numbers set to double by the next two years.MENA region is the second fastest-growing market in ...

 Sep 4 2015 - Key Arab countries' USD367b of GDP faces threatMENAFN
(MENAFN) Lloyd, a specialist insurance market, has a recent research showing that the economic development for Middle East's key countries which sets at USD367 billion of GDP is at serious risk over ...

 Sep 4 2015 - Boeing joins forces with KSA to develop infrastructureMENAFN
(MENAFN) Boeing, the US aerospace giant which is worth more than USD90 billion, has partnered with Saudi kingdom to build local capabilities in aviation and defense sectors.The firm has teamed up ...

 Sep 4 2015 - Lights out for movie houses in Libya's 'Mermaid of Med'AFP
(MENAFN - AFP) The Libyan capital once boasted grand movie houses that packed in smartly dressed couples for a special night out, but how times have changed. Today, the sole major cinema left in ...

 Sep 4 2015 - Qatar shares end lower as index drops 38.75 pointsGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange (QSE) index dropped 38.75 points or -0.34% on Thursday when it closed at 11,347.15 points.The market capitalisation declined to QR 598.911bn from QR ...

 Sep 4 2015 - UAE- Gulf bourses consolidate as global markets steady Dubai surges 1.6%Gulf Times
(MENAFN - Gulf Times) Gulf stock markets consolidated yesterday after oil prices and global equities steadied, while Egypt jumped on strong economic data and corporate news.Oil moved little yesterday ...

 Sep 4 2015 - UAE Business Council set up in New DelhiGulf Times
(MENAFN - Gulf Times) Sheikh Abdulla bin Zayed al-Nahyan, UAE Minister for Foreign Affairs along with Sushma Swaraj, India's External Affairs Minister after the inauguration of UAE Business Council ...

 Sep 4 2015 - UAE- Jewellery group seeks time to repay debtsGulf Times
(MENAFN - Gulf Times) A Dubai-based gold and jewellery retailer that defaulted on loans worth about 500mn dirhams ($136mn) has asked banks for time to put together a repayment plan, the company said ...

 Sep 4 2015 - French judges drop probe into Arafat's deathGulf Times
(MENAFN - Gulf Times) French judges investigating claims that Palestinian leader Yasser Arafat was murdered have closed the case without bringing any charges, a prosecutor said yesterday. "At the ...

 Sep 4 2015 - Russia delays UN probe of Syria chemical attacksGulf Times
(MENAFN - Gulf Times) Russia said yesterday it was considering details of how to establish a UN team to investigate chemical weapons attacks in Syria, holding up final Security Council approval to ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help