Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai SME  Join our daily free Newsletter

MENAFN Press - 28/03/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093498050 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093498050 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN Press) Dubai, 28 March, 2012: Dubai SME, the agency of the Department of Economic Development mandated to develop the small and medium enterprise (SME) sector, has assigned 15 jury members to evaluate the performance of the participating students in the eighth Young Entrepreneur Competition (YEC 2012) exhibition, taking place at WAFI from the 28th to 31st March 2012.

Members of the judging panel will visit the kiosks daily to observe the students from a distance and evaluate their projects based on a set of criteria ranging from marketing, customer service, operations, and other factors such as innovations and sustainability.

The top 10 projects will be selected after 70% of the evaluation done on the ground and the remaining 30% completed during the closing ceremony, with the audience voting directly for their chosen project. The best two projects will be selected from those who received the highest number of votes and the highest rating by the judging panel.

"The YEC 2012 has grown in stature as it encourages creative ideas of the younger generations to advance economic growth in the Emirate of Dubai. It provides a competitive work environment that simulates the real world of business and instills in students the desire to start their own businesses in the future, as well as give them the opportunity to manage their projects within a real work environment," said Nisrin Safar, General Co-ordinator of YEC.

As part of its association with Young Entrepreneur Competition, telecom operator du will support 20 students from various universities, offering them training on product plans from the company “ such as Pay as you Go prepaid lines and WoW recharge cards - which they will then sell at four du-branded kiosks. The students will manage the kiosks themselves (with the support of du staff). Through this competition, du offers students practical real-life experience by setting sales targets for them and facilitating them to achieve it. At the end of the competition, the students will receive a reward from du.

Farid Faraidooni, Chief Commercial Officer, du, said: "This is the third consecutive year that we have offered our support to the Young Entrepreneur Competition, and we are proud to be associated with a platform that encourages growth in this particular segment. Entrepreneurs are the lifeline of any economy and the UAE is full of sterling examples, of those who have struck out on their own and achieved success. Our alignment with the Young Entrepreneur Competition goes hand-in-hand with our upcoming reality TV show, 'The Entrepreneur', which represents an effort to identify and recognise the country's most stellar businessmen and women, by giving them a viable platform to turns their dreams into reality."

Lena Kayed, Head of YEC Judging Panel, said: "The competition is witnessing innovative expansions that include new categories of participants, which has elevated the level of competition and the quality of products on display. Members of the jury will not visit the projects individually, but will observe the participants from a discreet distance to assess them according to their sales skills, marketing, operations management, and other key differentiators in business, such as innovation and sustainability."

WAFI has announced a range of benefits for participants and their families, including discounted accommodation in the Raffles Dubai Hotel and exclusive offers in the food and beverage outlets across the mall in connection with the exhibition.

"Wafi Mall has the honour of collaborating with Dubai SME as part of its continuous efforts to support social establishments and to encourage our students to be part of the economic development, as the UAE, particularly Dubai, is considered a commercial hub in the Middle East and the world. Wafi sees this support as part of our social responsibility and looks forward to hosting the event in the coming years as well to benefit the UAE youth. We also take this opportunity to wish success for all participants in YEC 2012 in achieving their goals," said Abdullah Ibrahim, Director of Local Affairs, Wafi Group.

The exhibition will feature a range of projects spanning fashion, fine arts, handicrafts, traditional or heritage products, health products excluding medicines, environmental awareness products (recycling, renewable energy), educational material (games, tools, modern teaching aids), interior design, cultural activities, and information technology.

For more information on YEC 2012, email www.yec.ae. YEC 2012 is also on www.facebook.com/yecuae, www.twitter.com/yecuae, and www.youtube.com/yecuae.


About Dubai SME
Dubai SME, an agency of the Department of Economic Development (DED), Government of Dubai, aims to foster an entrepreneurial culture and develop a competitive SME sector for the Emirate of Dubai.

 






  MENA News Headlines
May 25 2013Belgium to be rapped by EU over budget ,AFP
(MENAFN - AFP) The European Commission is set to rap Belgium this week for failing to do enough to trim its budget deficit but is unlikely to go as far as imposing a fine, according to a press ...

May 25 2013Japan PM vows 'all possible' help for Myanmar economy ,AFP
(MENAFN - AFP) Japan's premier on Saturday pledged "all possible assistance" to kick-start Myanmar's ailing economy, hailing a major industrial zone near Yangon as a symbol of development for the ...

May 25 2013Jet Airways' shareholders Okay 24%-stake sale to Etihad ,MENAFN
(MENAFN) Jet Airways announced that its shareholders okayed the 24-percent stake sale to Etihad Airways, reported Arabian Business. Last month, the Abu Dhabi-based carrier announced that it will ...

May 25 2013Muscat hotels report 15% jump in Jan-Apr RevPAR ,MENAFN
(MENAFN) STR Global announced that during the January-April period, hotels in the Omani capital posted a growth of over 15 percent in revenue per available room (RevPAR), reported Arabian ...

May 25 2013Marriott's ME, Africa Q1 RevPAR rises 11% ,MENAFN
(MENAFN) Marriott International, Middle East and Africa, president and managing director, Alex Kyriakidis, stated that the hotel operator's revenue per available room (RevPAR) during the first ...

May 25 2013Artists seek global audience at Hong Kong's Art Basel ,AFP
(MENAFN - AFP) Having taken five Volkswagen Beetles and compressed them into spheres, artist Ichwan Noor was always going to grab attention at the inaugural Hong Kong Art Basel. Noor is known in ...

May 25 2013Fitch expects Qatar's 2013 GDP to reach 7% ,MENAFN
(MENAFN) Fitch Ratings stated that in 2013, Qatar's gross domestic product (GDP) is projected to stand at 7 percent, reported Arabian Business. The agency said that during the period, Qatari banks ...

May 25 2013World Bank Grants US $55 Million For Palestinian Development ,Qatar News Agency
(MENAFN - Qatar News Agency) The World Bank Board of Executive Directors has advised its Board of Governors to authorize the US $55 million replenishment of the West Bank and Gaza Trust Fund. This ...

May 25 2013Giant leaps for GCC within economic integration -- experts ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The GCC achieved giant leaps within the economic integration domain, leading to the increase of capital and commercial exchange, said a number of Bahraini ...

May 25 2013Education key to Arab youth empowerment - report ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The high ambitions and aspirations of Arab youth, who make up the majority of Arab populations, require access to a high quality education to be materialized, a ...

more...


 
Click to Apply






Google

 
 

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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help