Female entrepreneurs go for Islamic financing

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The conference aimed to address Islamic financial support to small and medium enterprises, which is necessary to achieve economic diversification as part of Vision 2030. (AN photo by Huda Bashatah))
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conference aimed to address Islamic financial support to small and medium enterprises, which is necessary to achieve economic diversification as part of Vision 2030. (AN photo by Huda Bashatah)
Updated 23 December 2017
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Female entrepreneurs go for Islamic financing

JEDDAH: Under the patronage of Princess Lolowah Al-Faisal, Effat University hosted the Third International Islamic Finance Conference on Thursday at the university’s campus.
Participants included many academic and financial leaders, as well as specialists in Islamic banking and finance, and entrepreneurship inside the Kingdom and abroad.
The conference aimed to address Islamic financial support to small and medium enterprises, which is necessary to achieve economic diversification as part of Vision 2030.
Dr. Samar Khan, the dean of the business college at Effat University, said that the need for small and medium institutions is growing to achieve the goals of Vision 2030.
Khan added that the world in general, and Saudi Arabia in particular, is working hard to increase the number of young entrepreneurs and to support them.
She said support had been provided through workshops, training and financial assistance to help entrepreneurs start their projects. She encouraged young people to establish their own projects because the Kingdom is fertile ground at the moment for all projects in the public and private sectors.
Prince Saud bin Khalid Al-Saud, the co-founder and member of the board of directors of CBX Unit LLC, N.L., said he was honored to attend the conference, pointing out the long history of Effat University, which is known for its exceptional achievements.


Saudi Crown Prince Mohammed bin Salman touches down in India

Updated 55 min 56 sec ago
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Saudi Crown Prince Mohammed bin Salman touches down in India

NEW DELHI: Crown Prince Mohammed bin Salman arrived in India on Tuesday for the second stage of his Asia tour.

He was greeted by Prime Minister Narendra Modi after his plane touched down at Air Force Station Palam in New Delhi at about 9.15 p.m. local time.

The crown prince is expected to announce a $1 billion investment in India’s infrastructure and farming sectors during his first visit to the nation.

He is accompanied by leading Saudi businessmen and officials.

India is hoping the crown prince will announce an investment in its National Investment Infrastructure Fund (NIIF), a sovereign wealth fund that includes private companies and foreign investors.

The Kingdom is India’s top energy supplier and home to more than 3.5 million Indian expatriates. 

Saudi Arabia's embassy in New Delhi tweeted a collection of Indian citizens welcoming the crown prince to their country for his first state visit.