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Deloitte trains over 2,000 Middle East students on entrepreneurial skills
Source: Deloitte , Author: Posted by BI-ME staff
Posted: Mon July 16, 2012 1:37 pm

UAE. Volunteers from Deloitte Middle East are training over 2,000 students under the Deloitte Injaz Al Arab ‘Be Entrepreneurial’ program.

Deloitte volunteers in Saudi Arabia, Lebanon, the United Arab Emirates, Bahrain, Palestine and Qatar have been facilitating business and entrepreneurial training programs to high school students in schools across the Middle East since early 2012.

“With one of the highest youth unemployment rates in the world, it is important for our region that young Arabs are equipped with business and entrepreneurial skills to  create job opportunities and achieve long-term success,” said Omar Fahoum, Chairman and CEO of Deloitte Middle East.

“We are committed to help in closing the skills gap and digital divide in our communities, as an integral part of our Corporate Responsibility strategy,” he added.

Deloitte volunteers under a number of skills building programs, serve as mentors, bringing their real-world experiences to the classrooms in the region. Students are being taught the intricacies of establishing and maintaining a profitable business, management skills, and presentation tactics as part of the first phase.

The ‘Be Entrepreneurial’ program will then culminate with a regional business plan competition.  Deloitte Middle East will assist in screening applicants and judging the business plan competition during which youth and young adults will present their ideas to business leaders and compete for start-up financing.

The curriculum will also be launched online so that it can be quickly scaled and reach students throughout the region, as well as young people outside the formal education system.

According to recent reports by the World Bank, the MENA region is experiencing the highest regional youth unemployment rates in the world. With 60 percent of the region’s population under the age of 30, the World Bank estimates that close to 100 million new jobs will need to be created over the next 10 to 15 years.

In addition, reports indicate that the MENA region spends more per capita on education than any other region, yet it still lags behind in employment rates. Unemployment rates are also higher for young women than young men.

In this regard, Deloitte Middle East has tailored a Corporate Responsibility (CR) strategy to cater to the needs of the region. The strategy includes a shift of focus to education that is closely aligned to employers' needs, and students' long term employment in a global knowledge economy.

“We find that the donation model alone, which is typically how CR began, will not make lasting changes in society. Sustainability and societal impact are the only ways forward. Therefore, our CR strategy at Deloitte is to address and tackle core issues for future generations in our communities,” said Rana Ghandour Salhab, Talent & Communications Partner, Deloitte Middle East.

To learn more about Deloitte Middle East’s Corporate Responsibility strategy, please click here.

Photo:  Omar Fahoum, Chairman and CEO of Deloitte Middle East.

 

About Deloitte:
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's approximately 182,000 professionals are committed to becoming the standard of excellence.

For more information, please visit please www.deloitte.com/about

About Deloitte & Touche (M.E.):
Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is the first Arab professional services firm established in the Middle East region with uninterrupted presence for over 85 years.

Deloitte is among the region’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with over 2,500 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region (International Tax Review World Tax 2010, 2011 and 2012 Rankings) and was recognized as the 2010 Best Consulting Firm of the Year in the Complinet GCC Compliance Awards.

In 2011, the firm received the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW).

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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