UAE space agency launches youth council to empower the next generation of Emirati space leaders

The UAE Space Agency has launched a youth council to inspire, support and empower talented young Emiratis with an interest in space.
Updated 28 December 2017
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UAE space agency launches youth council to empower the next generation of Emirati space leaders

The UAE Space Agency has launched a youth council to inspire, support, and empower talented young Emiratis with an interest in space. Formed as a result of the agency’s efforts to foster a generation of young Emirati space leaders, the council was launched during an official ceremony at the UAE Space Agency headquarters in Abu Dhabi.
The ceremony was held in the presence of Minister of State for Higher Education and Advanced Skills and Chairman of the UAE Space Agency Dr. Ahmad bin Abdullah Humaid Belhoul Al-Falasi, Minister of State for Youth Affairs and Chairperson of the Emirates Youth Council Shamma Al-Mazrui, Director General of the UAE Space Agency Dr. Eng. Mohammed Nasser Al Ahbabi, and other senior officials and representatives.
“The launch of the UAE Space Agency Youth Council comes in line with the agency’s efforts. The council aims to empower ambitious, Emirati youth, to lead the national space sector and contribute to the UAE’s vision,” stated Al-Falasi. “The council operates in the framework of the ‘UAE’ Centennial 2071’ vision, which aims to empower the people of the UAE to realize their talents and capabilities to serve the nation’s economic, social and technological objectives — and ultimately be the best nation by 2071.”
Dr. Eng. Mohammed Nasser Al-Ahbabi said: “This initiative comes as part of our commitment to inspiring youth and supporting them in learning and developing. Encouraging youth to enter the space sector is a key goal of the UAE Space Agency and a part of UAE Vision 2021 to ensure that the UAE develops the human capital necessary to create a world-leading knowledge economy. We seek to prepare and nurture generations of talented UAE nationals to become leaders in the space industry and related technological fields.”
Hamed Abdullah Fadqaa, Emirates Youth Council coordinator, said: “Young people around the world have the potential to contribute directly to elevating any nation thanks to their ambition, perseverance, and determination. The establishment of this council aims to provide a platform for Emirati youth to share their innovative ideas and locate the resources they need to implement them, in collaboration with various government, scientific, and research entities within the UAE.”
Several events were organized on the sidelines of the launch ceremony, such as a display of a Tesla electric car, which will be sent to Mars, a detailed explanation of the Space Settlements initiative being launched by the newly formed council, and a painting that sought to encapsulate the motivations the Emirati youth, signed by Dr. Ahmad Abdullah Belhoul Al-Falasi and a number of young UAE Space Agency employees.
The ceremony also featured the appearance of the young inventor Fatema Al-Kaabi who showcased some of her inventions. Students from the Masdar Institute also presented their model of a satellite. Finally, toward the end of the ceremony, a group photo was later taken using a drone.


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.