Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Big firms threaten programs of productive families  Join our daily free Newsletter

MENAFN - Arab News - 10/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Experts have warned that the programs of productive families may be challenged by the presence of big companies in the saudi market and demanded that more opportunities be created for small and medium enterprises to diversify the market and strengthen the economy

Twenty-two saudi and arab experts made these observations during the second day of the 'made in saudi arabia" national forum and exhibition of the productive families program sponsored by makkah gov. prince mishaal bin abdullah in jeddah

The programs aim to train 5000 women and girls in jeddah with the participation of 600 families in the production of various goods and services

The participants in the first session chaired by loay bin bakr al-taiar dean of the student affairs college at the university of business and technology stressed the need to develop the capacity of more than 25000 families in saudi arabia involved in production activities. the session also discussed the best structural and regulatory practices for managing the activities of these productive families

Abdullah al-shamli shamsuddin predicted that the value-added returns from the projects of these families will exceed about 50 percent of its revenues and recommended that smaller projects be granted to promote economic development among low-income groups who represent a significant proportion of the population in all developing societies

Hatem bin hassan faraj qurmon a representative of the university of science and technology and a specialist in the management of marketing operations said that 90 percent of entrepreneurs and owners of small businesses leave the market after less than three years of launching their projects as a result of administrative errors namely marketing issues

Meanwhile redah al-asafi manager of the productive families program in the national commercial bank announced plans to launch 20 new branches in the next five years. these branches will specialize in the provision of microcredit loans and support 22000 productive families. 'the national commercial bank is the owner of the largest number of initiatives in this direction having trained 9904 beneficiaries through the productive families program launched several years ago" he said



Atef malaaka a financial adviser said the dominance of big companies in the saudi economic market is a catastrophic phenomenon with unknown consequences. he expressed his reservations about enabling the large corporations to control the reins of the national economy which are steadily contributing to the disappearance of the middle class

He emphasized the need to change the work culture arguing that the change should begin through education in schools where young people should be introduced to the importance of a working life.

Salah bin mahmoud abu nar a faculty member of the university of business and technology moderated the second session which focused on providing insight on the best financial funding and investment practices in the management of the productive families activities. during this session muhammad salim discussed the financial management approaches of different activities while another speaker hassan yousef defined the importance of the contribution of the private sector and government agencies

The third session headed by fahd bin yousef sharif al-itani a wto expert involved presentations of the success of the programs where mahmoud bin mohammed turkestani vice president of the social responsibility department of ncb reviewed the programs and initiatives introduced in the past few years

A total of 10 workshops were held covering topics such as the production of fashion design production and marketing of jewelry marketing of food productions funding and financial management

The event is the third in a series of meetings and exhibitions held in 2012 and 2013 under the same name but with different themes and activities. the event is carefully planned to keep pace with the developments of the market.

 


Arab News




  MENA News Headlines
 Feb 25 2017 - Qatar- Attack on Syrian security forces in Homs kills 42Gulf Times
(MENAFN - Gulf Times) The attackers killed the head of military security and 29 others at one of its headquarters in the city and 12 more people at a branch of state security in attacks that began ...

 Feb 25 2017 - Qatar- Bombs target oil pipeline in Iraq's Kirkuk, one killedGulf Times
(MENAFN - Gulf Times) The pipeline delivers crude from the Bai Hassan oilfield to a degassing station in Kirkuk, though pumping had been halted for maintenance at the time of the blasts, security ...

 Feb 25 2017 - Qatar- Boosting Erdogan powers will make 'strong Turkey': PMGulf Times
(MENAFN - Gulf Times) Yildirim spoke at the ruling party's first rally ahead of a key April 16 referendum, when the public will vote on whether to approve the changes creating an executive ...

 Feb 25 2017 - Hip and Knee Orthopedic Surgical Implants Market Size, Share, Analysis, Report and Forecast to 2022MENAFN Press
(MENAFN Editorial) Technological advancements and rising geriatric population worldwide are some of the key factors fueling the market growth. On the other hand, abridged reimbursements by insurance ...

 Feb 25 2017 - rfacil - An Israeli approach to Mexico's government mandated e-invoicing crossover, uniquely on both web and mobile, effecting 13.3 million taxpayersMENAFN Press
(MENAFN Editorial) iCrowdNewswire - Feb 22, 2017 rfacilAn Israeli approach to Mexico's government mandated e-invoicing crossover, uniquely on both web and mobile, effecting 13.3 million taxpayers ...

 Feb 25 2017 - BEIRUT, LADY OF LEBANON: A Theatrical Production Celebrating the Lebanese Culture and the Human Spirit in Time of WarMENAFN Press
(MENAFN Editorial) iCrowdNewswire - Feb 22, 2017 BEIRUT, LADY OF LEBANONA Theatrical Production Celebrating the Lebanese Culture and the Human Spirit in Time of War. About this project ...

 Feb 25 2017 - Arava announces shampoo with botanical ingredients that enrich skin and coat of dogsMENAFN Press
(MENAFN Editorial) Product provides skin nourishment, fights fungi and bacteria, and treat dermatological condition Arava announces Skin and Coat Intensive Bio-Care, an aromatherapy antibacterial, ...

 Feb 25 2017 - Jordan- Turkey says only 100 extremists left in Daesh-held Syria battlegroundJordan Times
(MENAFN - Jordan Times) ISTANBUL — Turkey said on Wednesday fewer than 100 extremists were still holed up in the flashpoint Daesh terror group Syrian town of Al Bab, as rebel commanders predicted its ...

 Feb 25 2017 - Jordan- 13 Europe-bound migrants suffocate in Libya containerJordan Times
(MENAFN - Jordan Times) TRIPOLI — The bodies of 13 migrants, including two teenagers, who died of suffocation in a shipping container bound for Europe have been found in Libya and 56 survivors ...

 Feb 25 2017 - Jordan- Why does the capture of Syria's Al Bab matter?Jordan Times
(MENAFN - Jordan Times) The town, whose name means 'The Gate', had an estimated prewar population of some 100,000 but was the target of an over three-month assault by Turkey and allied rebel forces ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help