ITFC holds first international trade workshop in Madinah

The training program was opened by Hani Salem Sonbol, CEO of ITFC; Munir bin Mohamed Nasser, chairman of Madinah Chamber of Commerce and Industry and Adel Al-Mahdi, expert and representative of FTTC.
Updated 07 October 2017
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ITFC holds first international trade workshop in Madinah

A five-day training program titled “International Trade and Export Strategies” in Madinah was conducted this week by the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, in cooperation with the Foreign Trade Training Center (FTTC), Egypt.
The program was opened by Hani Salem Sonbol, CEO of ITFC; Munir bin Mohamed Nasser, chairman of Madinah Chamber of Commerce and Industry; and Adel Al-Mahdi, expert and representative of FTTC.
The training program is in line with an memorandum of understanding recently signed between IDB and the Madinah Chamber of Commerce for mutual cooperation and support in promoting the commercial and economic sectors of Madinah.
Sonbol said: “We are pleased with our partnership with the Madinah Chamber of Commerce and Industry, where for the first time ever, we are organizing training courses related to international trade.”
ITFC and FTTC collaborated together for the capacity-building workshop that aimed at enhancing export capacities of local traders and opening windows for international trade.
“Both IDB and ITFC aim to expand their role in the Saudi market. We consider this an important milestone in supporting the private sector, diversifying the economy and employing young Saudis. This would contribute to the overall development of the Kingdom and the achievement of Vision 2030 goals,” Sonbol added.
He said: “The development of Madinah’s dates sector, which represents one of the items included in the memorandum, in cooperation with the International Trade Center (ITC), a United Nations’ arm for supporting the private sector in its member countries, aims at addressing the constraints farmers and SMEs face. The project is expected to improve competitiveness and increase exports of Madinah dates, thus generating better incomes for farmers and increasing employment opportunities.”
The ITFC also hopes its training sessions will help raise awareness about the importance of export in this vital sector of Madinah.


Saudi teams shine in Schneider Electric’s competition

Updated 20 August 2018
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Saudi teams shine in Schneider Electric’s competition

Schneider Electric, a global leader in digital transformation of energy management and automation operating in more than 100 countries, has announced the qualification of four teams from Saudi Arabia out of 10 teams from the Middle East and Africa for the final round of the 2018 Go Green in the City competition, which brings together college students from all corners of the world.
Marketing Excellence Director of the Middle East and Africa at Schneider Electric, Nora Al-Shiha, said that the achievement of the qualified teams from Saudi Arabia and the Middle East represents an advancement in the perceptions of college graduates toward environmental sustainability. She said it confirms the interactive ability of female Saudi graduates to work in teams that care about environmental safety and implement creative projects that promote the value of green initiatives in developed communities.
Al-Shiha noted that the participation of the Saudi teams is consistent with Schneider Electric’s objectives, as the Go Green in the City competition supports the use of creative ideas and the utilization of human resources to find solutions for smart cities and the economics of a green, sustainable environment.
According to Al-Shiha, the qualified teams will acquire training, guidance and early career counseling, which will shed light on young national talents and give them the opportunity to prove their abilities. The competition will grant the winners a variety of sponsorship, networking, and travel prospects, as well as job opportunities at Schneider Electric.
She added that in its eighth year, the global competition has become a major event for many educational institutions and college students around the world. Go Green in the City comes within the framework of Schneider Electric’s efforts to raise the levels of innovation and creativity among young men and women around the world, revolutionize new methods for handling different challenges, and reach solutions that make our planet more vital and sustainable.
The competition also aims to activate Schneider Electric’s contribution to the development boom sought by the Kingdom’s leadership, in addition to fulfilling the objectives of the National Transformation Program in accordance with the ambitious Vision 2030.
Raghad Al-Sulami, who is a member of the “Touk” team, praised Schneider Electric for giving her the chance to become a part of this global event, and for encouraging the four teams to showcase their creative skills. She pointed out that the chance of her team winning the grand prize is promising as they currently hold second place in the Middle East and North Africa.
Schneider Electric’s approach is in line with the aspirations of the Kingdom’s leadership to support Saudi women and empower them in all fields. The Saudi woman has become an active component alongside the Saudi man, now contributing to all types of businesses and events in the Kingdom.