Business experts offer recipe for Saudi entrepreneurial success

Business experts offer recipe for Saudi entrepreneurial success
The Made in Saudi program includes more than 1,400 registered companies and more than 6,000 registered products for 326 companies. (AFP file photo)
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Updated 21 April 2022

Business experts offer recipe for Saudi entrepreneurial success

Business experts offer recipe for Saudi entrepreneurial success

RIYADH: Despite the many investments and commercial opportunities provided by the Saudi government to entrepreneurs and owners of small and micro enterprises, industry experts have stressed the need to move forward in key areas.

During a recent virtual seminar, entrepreneurship and finance specialists wishing to break into the world of commerce urged systematic investment in various Saudi business sectors and agreed on the importance of being able to reach target groups.

Addressing delegates at Tuesday’s seminar, organized by the Misk foundation, Faisal Al-Maghlooth, director general of the Made in Saudi program, said: “In the coming period, we aim to work with a number of partners from government agencies to ensure expansion in more than one sector, in which micro, small, and medium enterprises, and entrepreneurship are an insignificant part of target groups in the program.”

He noted that the Made in Saudi program offered many benefits to businesses. “Today it includes more than 1,400 registered companies and more than 6,000 registered products for 326 companies,” he added.




Faisal Al-Maghlooth, director general of the Made in Saudi program.

The Ministry of Industry and Mineral Resources launched the Made in Saudi program in March last year as part of the National Industrial Development and Logistics Program.

Made in Saudi seeks to market national goods and services to become the preferred option locally and globally, in cooperation with a group of partners from the public and private sectors. It aims to stimulate national industries and encourage consumers to purchase local goods, while developing and promoting the Kingdom’s exports to global markets.

Al-Maghlooth told seminar attendees: “Our role in the program is to promote the product and focus on consumers and increase the presence of Saudi products.”

He pointed out that the Made in Saudi program sought to enhance the attractiveness of investment in small and medium enterprises and the industrial sector in particular.

Ibraheem Alzuhaimeel, founder and chief executive officer of Oceanx, said that self-employment created financial sustainability and provided promising job opportunities, and that the extent of added value to the market was a key factor in starting any investment business.

He added that the administrative procedures and government facilities in Saudi Arabia for the investment sector were among the best in the world, advising those interested in starting a business to have a “knowledge guide” for commercial activity.




Ibraheem Alzuhaimeel, founder and chief executive officer of Oceanx.

He noted that government support for the business sector included not only finance but also money and knowledge through training courses and workshops for new entrepreneurs.

Alzuhaimeel said: “The accountant will be one of the important parts of the work team with the expansion of the activity of small companies to assess the level of profitability after a year of activity.”


Fifa president tours ‘Saudi House’ hosting AFC meeting in Bahrain

Fifa president tours ‘Saudi House’ hosting AFC meeting in Bahrain
Updated 13 sec ago

Fifa president tours ‘Saudi House’ hosting AFC meeting in Bahrain

Fifa president tours ‘Saudi House’ hosting AFC meeting in Bahrain

RIYADH: FIFA President Gianni Infantino on Tuesday visited the “Saudi House” in the Bahraini capital, Manama, which is hosting the 33rd General Assembly of the Asian Football Confederation that began on Monday and will continue until Wednesday evening, the Saudi Press Agency reported.

Infantino toured the “Saudi House” and was briefed on the most pillars of the Kingdom’s hosting of the 19th Asian Cup, under the slogan “Forward for Asia.”

Infantino was given a briefing on the stadiums proposed to host games and the Saudi national team’s history in the Asian Cup, including the Green Falcons winning the championship three times in 1984, 1988, and 1996.


Saudi king issues order promoting 148 members of Public Prosecution

Saudi king issues order promoting 148 members of Public Prosecution
Updated 57 min 32 sec ago

Saudi king issues order promoting 148 members of Public Prosecution

Saudi king issues order promoting 148 members of Public Prosecution

RIYADH: Saudi Arabia’s King Salman has issued a royal order promoting 148 members of the Public Prosecution in various ranks, the Saudi Press Agency reported on Tuesday.
Attorney General Sheikh Saud bin Abdullah Al-Mujib praised the order, and said that it comes within the framework of the support provided by the king and Crown Prince Mohammed bin Salman for the Public Prosecution and their constant keenness to achieve further development and prosperity, in line with the Kingdom’s Vision 2030.


Islamophobia has reached ‘alarming’ levels: OIC

Islamophobia has reached ‘alarming’ levels: OIC
Updated 31 January 2023

Islamophobia has reached ‘alarming’ levels: OIC

Islamophobia has reached ‘alarming’ levels: OIC
  • Organization holds meeting in response to desecration of the Holy Qur’an

JEDDAH: The Organization of Islamic Cooperation convened an open-ended extraordinary meeting of its executive committee at its headquarters in Jeddah on Tuesday.

The meeting was held to express the organization’s common stance against the recent desecration of the Holy Qur’an in Sweden, the Netherlands and Denmark as well as to discuss possible actions that the OIC might take against the perpetrators of the Islamophobic attacks.

The incidents occurred earlier this month, when Rasmus Paludan, a far-right activist who holds both Danish and Swedish citizenship, received permission from the police to stage a protest outside the Turkish Embassy in Stockholm, where on Jan. 21 he burned the Qur’an. Days later, Edwin Wagensveld, Dutch leader of the far-right Pegida movement in the Netherlands, tore pages out of a copy of the Qur’an near the Dutch Parliament and stomped on them.

In response, several regional and international organizations, including the OIC, issued statements strongly denouncing the incident.

During the meeting, Saleh Hamad Al-Suhaibani, Saudi representative to the OIC, said that the Kingdom strongly condemns the desecration of the Qur’an, which urges love, goodness, justice and equality.

BACKGROUND

The incidents occurred earlier this month, when Rasmus Paludan, a far-right activist who holds both Danish and Swedish citizenship, received permission from the police to stage a protest outside the Turkish Embassy in Stockholm, where on Jan. 21 he burned the Qur’an. Days later, Edwin Wagensveld, Dutch leader of the far-right Pegida movement in the Netherlands, tore pages out of a copy of the Qur’an near the Dutch parliament and stomped on them.

The Kingdom rejects all extremism and hatred, he added, and instead calls for the dissemination of Islamic values based on dialogue and coexistence.

“These despicable acts blatantly contradict the human, moral and religious principles and values of all nations who respect peace and coexistence. The repetition of the action raises many questions about the complacency of some governments in curbing the phenomenon of Islamophobia and their failure to take the necessary measures to stop provocations and punish the perpetrators under the pretext of freedom of expression,” he said.

Islamophobia is defined as the fear or hatred of Islam, which often translates into intolerant gestures, deliberate discrimination and outright attacks against Muslims.

OIC Secretary-General Hissein Brahim Taha said that these actions are not simply irresponsible but rather criminal acts targeting Muslims. “The governments concerned must take strict punitive measures, especially given the frequency of such provocative acts by the same people,” he said.

“The outrageous actions…are further evidence of the alarming levels reached by the phenomenon of Islamophobia, hate crimes, intolerance and xenophobia.

“This makes us believe that we must take urgent measures to prevent the recurrence of such provocative incidents in the future.”

Taha said that a strong message must be sent to all governments, institutions and individuals to clarify that these actions are not justifiable under freedom of expression. He highlighted that many international laws, including the International Covenant on Civil and Political Rights, clearly stipulate that freedom of expression is not an unlimited right, as it involves special duties and responsibilities.

Mehmet Metin Eker, the permanent representative of Turkey to OIC, said that Turkey strongly condemns the recent aggressions against the Holy Qur’an.

“Unfortunately, the failure of the Swedish authorities to take the necessary precautions against the attack on the Holy Qur’an on Jan. 21 has encouraged several attacks in the Netherlands and Denmark afterward. We also expect the Swedish, Dutch and Danish authorities to take the necessary measures against the perpetrators of these hate crimes,” he said.

Hatred against Islam has reached an alarming level in many parts of the world, particularly in Europe, he said, citing statistics related to violent, Islamophobic acts by European activists since 2019.

“We observe with great concern, how far-right politicians use anti-Islam and xenophobic rhetoric...Resorting to such populism paves the way for racist attacks against Muslims,” Eker said, referencing the massacre in New Zealand in 2019, in which 51 Muslims were killed in a terrorist attack on two mosques.  

Eker added: “In this context, an important measure to be taken within the OIC, we think, is to strengthen the Islamophobia observatory in order to more efficiently engage with international partners, as well as better follow-up efforts in Western countries to confront rising Islamophobia.”

The OIC condemns attempts to spread ideas that mock, insult or defame holy books, symbols, and sacred figures of any religion. The organization will work to raise concerns whenever the Holy Qur’an is violated or the sacred figures of Islam are insulted with the intention of inciting hatred against the religion or its followers.

 


MWL, OIC, GCC condemn Peshawar mosque attack

MWL, OIC, GCC condemn Peshawar mosque attack
Updated 31 January 2023

MWL, OIC, GCC condemn Peshawar mosque attack

MWL, OIC, GCC condemn Peshawar mosque attack
  • Secretary-General of the Organization of Islamic Cooperation Hissein Brahim Taha expressed his condemnation of the “heinous act” and offered his deepest condolences to the families of the victims

RIYADH: The Muslim World League has expressed its strong condemnation and denunciation of the terror attack on a mosque in Peshawar, Pakistan, which resulted in more than 100 deaths.

MWL Secretary General Dr. Mohammed bin Abdulkarim Al-Isa stressed the organization’s firm rejection of terrorism and the targeting of places of worship.

The MWL offered its condolences and sympathy to the families of the victims and to the government and people of Pakistan, wishing the injured a speedy recovery.

At least 100 people were killed and more than 200 injured on Monday when a Taliban suicide bomb blast ripped through a mosque inside a fortified security compound in Pakistan.

Authorities used heavy machinery to cut into the debris of the mosque’s collapsed building as part of a rescue operation.

The Pakistani Taliban admitted to carrying out the attack.

Bombings have been on the rise since last November when the group called off a ceasefire signed with the government in May.

Monday’s attack was the worst in Peshawar since March 2022 when a Daesh suicide bombing killed at least 58 people in a mosque during Friday prayers.

Secretary-General of the Organization of Islamic Cooperation Hissein Brahim Taha expressed his condemnation of the “heinous act” and offered his deepest condolences to the families of the victims.

Taha renewed the position of the OIC against all forms and manifestations of terrorism, stressing his organization’s support for the government of Pakistan in tackling extremism.

Secretary-General of the Gulf Cooperation Council Nayef Falah Al-Hajraf affirmed the council’s solidarity with the government of Pakistan in confronting terrorism and extremism.

He reiterated the GCC’s firm stance against terrorism in all its forms, stressing the council’s condemnation of the bombing, which “contradicts all human laws and values.”

 

 

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Ibdaa 2023 finalists to represent Saudi Arabia in US

Mawhiba's Secretary-General Amal Al-Hazzaa thanked Prince Saud for sponsoring the Ibdaa 2023’s finals and closing ceremony. (SPA
Mawhiba's Secretary-General Amal Al-Hazzaa thanked Prince Saud for sponsoring the Ibdaa 2023’s finals and closing ceremony. (SPA
Updated 31 January 2023

Ibdaa 2023 finalists to represent Saudi Arabia in US

Mawhiba's Secretary-General Amal Al-Hazzaa thanked Prince Saud for sponsoring the Ibdaa 2023’s finals and closing ceremony. (SPA
  • In the competition, 104 female and 56 male students will present their scientific research projects. The final results will be announced at the closing ceremony on Feb. 4 at King Fahd University of Petroleum and Minerals, in the presence of Prince Saud

RIYADH:The finals of the National Olympiad for Scientific Creativity, Ibdaa 2023, will launch on Wednesday in Dhahran and continue until Feb. 4.

The event is organized by Mawhiba, the King Abdulaziz and His Companions Foundation for Giftedness and Creativity, in cooperation with the Ministry of Education, and sponsored by Eastern Province Gov. Prince Saud bin Naif.

In the competition, 104 female and 56 male students will present their scientific research projects. The final results will be announced at the closing ceremony on Feb. 4 at King Fahd University of Petroleum and Minerals, in the presence of Prince Saud.

Out of the 160 projects, only 40 students will participate and represent the Kingdom at regional and international levels, including the International Science and Engineering Exhibition in the US, where 2,000 students representing 90 countries will compete.

The finalists will also participate in international exhibitions, such as the International Invention, Innovation and Technology Exhibition in Malaysia and the Taiwan International Science Fair.

Mawhiba's Secretary-General Amal Al-Hazzaa thanked Prince Saud for sponsoring the Ibdaa 2023’s finals and closing ceremony. She noted that his sponsorship proves that the leadership is keen to enhance human capital and empower future generations in the areas of science and technology, which will result in the country’s advancement and prosperity.

Al-Hazzaa added that Ibdaa highlights Mawhiba’s partnership with the Ministry of Education, with the aim of serving national talent and achieving innovative entrepreneurship education for skilled Saudis, which is in line with the Saudi Vision 2030.