Monsha’at and UBT list SME consultants

The four-day program included 25 delegates from Riyadh, Jeddah, Dammam, Madinah, Yanbu and Jazan.
Updated 15 April 2018
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Monsha’at and UBT list SME consultants

The Small and Medium Enterprises General Authority (Monsha’at) partnered with the University of Business and Technology (UBT) in Jeddah to certify accredited small and medium enterprise consultants in line with Vision 2030.

Organized by UBT Continuing Education Center (CEC), and delivered by Dr. Richard Weinberger, CEO of the Association of Accredited Small Business Consultants (AASBC) based in the US, the four-day program included 25 delegates from the cities of Riyadh, Jeddah, Dammam, Madinah, Yanbu and Jazan.

The professional training program covered 15 themes. They were small business and SME today; general financial statement review; revenue and expense review; asset and liability review; ratio analysis, SWOT analysis; operations management; strategic planning; budgets and forecasts; internal controls; marketing and branding; business organizations; financing; risk assessment and fraud deterrence; and marketing consulting practice.

In addition to the membership benefits of AASBC, the delegates who passed the online certification exam with success the certification exam online were awarded the title Accredited SME Consultant.

UBT CEC Director Dr. Amir Dhia said that the program, which was subsidized by Monsha’at, included a rich and diverse group of practitioners from the sectors of banking, finance, entrepreneurs, CEOs, and business consultants. 

Small and medium enterprises contribute only 20 percent to the GDP in the Kingdom compared to 70 percent of some economies. Despite the efforts to improve the quality of the business environment, small enterprises in the Kingdom continue to suffer from a complexity of regulatory and administrative procedures, slow capacity, poor capacity to attract talents, and difficulty in obtaining funding.  The proportion of funding for small and medium enterprises is only five percent of the total funding, which is a small proportion compared to global rates. 

The Monsha’at aims to develop, enable, and advocate for SMEs to thrive, in collaboration with strategic partners in the public, private and non-profit sectors.


Alef Education launches first project in US

From right, Geoffrey Alphonso, CEO of Alef Education; Geoffrey Canada, president of the Harlem Children’s Zone and chairman of NexGen Education; and Hanut Singh, CEO of NexGen Education and CEO of QBS Learning.
Updated 17 October 2018
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Alef Education launches first project in US

Alef Education, a UAE-based education technology company, has announced the launch of its Alef education system in the US.

The system will be used at Harlem Children’s Zone (HCZ) schools in New York city, starting Oct. 15.

The Alef education system brings together a blend of the latest technology and pedagogical approaches geared toward learners of today. A key component of the system is the “Alef Platform,” which has three main pillars: 

•A fun and easy-to-use digital learning environment 

•High-quality digital content developed to engage and stimulate learning with a blend of videos, interactivities and games. 

•Real time data provided within each lesson to truly enable educators to support personalized learning and identify student strengths and weaknesses. 

The partnership between Alef Education and the Harlem Children’s Zone schools started in 2017 when leaders of those organizations met. The meeting included a review of best practices in pedagogy, instructional design, the use of technology, and the best ways to identify difficult concepts and detect struggling students early using data. 

Alef Education identified NexGen, an education technology startup based in New York City, as its US-based partner to carry forward the implementation of the program at the Harlem Children’s Zone schools and other school systems across the US. 

Geoffrey Alphonso, chief executive of Alef Education, said: “As a leading education technology company, we want to play a significant role in the creation of the next generation of innovative individuals around the world, and continue to provide the latest innovations in artificial intelligence-based and technology-driven education solutions within a holistic education system.” 

He added: “The implementation of our innovative education system in the Harlem Children’s Zone schools in New York city speaks of a quantum leap in our long-term mission to leverage technology to provide students with the personalized education they need to succeed, while also empowering teachers with real-time, actionable data.” 

Geoffrey Canada, president of the Harlem Children’s Zone schools in New York and chairman of NexGen Education, named one of the world’s most influential people by Time magazine and as one of the 50 greatest leaders by Fortune magazine, said: “We are pleased to welcome Alef Education’s innovative education system into our schools in New York as of October 2018. Education systems across the world are witnessing unprecedented transformations and a transition to a more dynamic education based on new technologies. In this context, we have decided to adopt this program to further enrich the resources available to our students to ensure they have access to the best the digital education industry has to offer.”