ITFC and ITC provide hands-on training to Saudis

Updated 01 January 2018
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ITFC and ITC provide hands-on training to Saudis

Under the partnership agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC), a number of workshops on market analysis tools and the creation of market profiles were organized in Riyadh and Jeddah, within the framework of the Aid for Trade Initiative for Arab States Program.
The workshops were hosted by the Saudi Export Development Authority and familiarized participants with relevant analytical skills to scrutinize international demand, level of competition and market-access conditions.
The participants, who included several women, benefited from rigorous hands-on training to develop a market profile on products of their interest. They also had the opportunity to network and benefit from the exchange of international trade experience.
The International Trade Center is also conducting a national trade facilitation workshop this month for the private sector, focused on the proper implementation of the WTO Trade Facilitation Agreement (TFA).
Another workshop will be conducted to determine Saudi Arabia’s key trade facilitation needs and priorities, and to offer advice on the implementation of the remaining measures of the TFA as well as other key trade facilitation reforms.
These training sessions will help participants identify the measures in the Trade Facilitation Agreement (TFA), benefit from the strategies and measures stipulated in the TFA, and determine how to become part of the regulatory and implementation process of the TFA.
The purpose of the Aid for Trade Initiative for Arab States Program is to foster inclusive economic growth and increased employment in Arab states through the promotion of trade reforms and the broader development agenda, and the deepening of regional integration and regional and national AfT engagement.
ITC is responsible for improving transparency about non-tariff measures, creating regional trade intelligence capacities of specific TSIs, strengthening TPO capacities in a selected number of countries and supporting a more effective participation of the Arab group in the WTO process.


KAUST honors 243 students at graduation ceremony

Updated 11 min 32 sec ago
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KAUST honors 243 students at graduation ceremony

King Abdullah University of Science and Technology (KAUST) awarded 243 master’s degree and Ph.D. candidates with their diplomas during its ninth commencement ceremony on the KAUST campus on Friday. 

The ceremony was presided over by members of the KAUST Board of Trustees, including Board Chairman Khalid A. Al-Falih, minister of energy, industry and mineral resources and chairman of Saudi Aramco, and attended by senior KAUST leadership and faculty members. 

Commencement 2018 highlights included the official inauguration of KAUST’s third president, Dr. Tony Chan, and conferral of the university’s first honorary doctoral degree to Ali Ibrahim Al-Naimi, former chairman of the KAUST board of trustees, former minister of petroleum and mineral resources and commencement 2018 speaker. The event also included remarks by 2018 student speaker and KAUST Ph.D. graduate Nada Aljassim, the first KAUST Gifted Student Program participant to receive her Ph.D. from the university. 

In his chairman’s address, Al-Falih said the event was “an occasion … to mark a number of milestones and celebrations … In the past year alone, KAUST has … achieved important advances in research, education, innovation and talent, all while making an impact … in Saudi Arabia and globally.” 

“KAUST has taken its place on the world’s scientific and academic landscape,” Al-Naimi said. “Ideas and innovations (from KAUST) … make a difference when they soar above our nation and around the world.” 

“As a university, we are looking forward to our next decade,” said President Chan, a member of the university’s Board of Trustees for seven years. “In my new position, I am really looking forward to the opportunity and challenge and becoming engaged with Saudi society in general.” 

President Chan noted one aim of his presidency is “to align KAUST’s mission with the Kingdom’s priorities — and in particular Vision 2030. The Kingdom is moving to diversifying the economy and toward innovation and technology, which align with KAUST.” 

Chan said: “We have formed a NEOM Center of Excellence at KAUST with the express purpose of working together with NEOM. One of our senior faculty members, Professor Carlos Duarte, is on the advisory board for the Red Sea Project. We have a KAUST Red Sea Research Center and we are located next to the Red Sea, which is a treasure for the Kingdom. We consider it one of our missions to support the projects going on in the Kingdom.” 

“KAUST is still very young, but we see ourselves as contributing to the innovation and economic development of the country and the development of human talent,” he added.