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FORSA joins forces with Mohammed Bin Rashid Establishment to support women entrepreneurs.

Summary: FORSA FORSA Gesellschaft für Sozialforschung Und Statistische Analysen mbH , the Dubai World Dubai World is a major holding company that manages and supervises a portfolio of businesses and projects for Dubai Government and contributes to the rapid economic growth of the emirate across a wide range of strategic industry segments and projects that make Dubai a leading hub for  company that offers premium investment opportunities for women, and the Mohammed Bin Rashid Establishment for Young Business Leaders (SME (1) (Small and Medium-sized Enterprise) See SMB.

(2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division.
), the pioneering governmental organisation that supports small and medium enterprises run by UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend.  nationals, today signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment.  (MoU) designed to promote value-added investment opportunities for women entrepreneurs in the country.

FORSA joins forces with Mohammed Bin Rashid Establishment to support women entrepreneursMemorandum of understanding signed to facilitate close cooperation FORSA, the Dubai World company that offers premium investment opportunities for women, and the Mohammed Bin Rashid Establishment for Young Business Leaders (SME), the pioneering governmental organisation that supports small and medium enterprises run by UAE nationals, today signed a memorandum of understanding (MoU) designed to promote value-added investment opportunities for women entrepreneurs in the country.The MoU was signed by Manal Shaheen, Vice Chairman of FORSA Board of Directors, and Akil Kazim, Director of Operations at SME, during a press conference held at the SME head office. Also in attendance were Adel Al Shirawi, Vice Chairman, Istithmar World, and Chairman of the FORSA Board of Directors, and Abdul Baset Al Janahi, Chief Executive Officer of SME.

Under the terms of the MoU, SME will promote FORSA as the preferred strategic partner among its members and facilitate alliance opportunities for investment between FORSA and the young entrepreneurs. FORSA, with its profound understanding of the regioneIUs investment potential, comprehensive knowledge of the business landscape and skilled management team, will offer eIusmart capitaleIN to fund startup companies The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter.
It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view.
 and play a key role in adding further value and realising the true growth potential of portfolio companies.

Heralding the benefits of the agreement, Adel Al Shirawi, said: "As the major stakeholder stakeholder n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property.  and a vital partner in the growth of FORSA, Istithmar World is very supportive of this unique venture capital initiative that will create exceptional investment opportunities for FORSA, while further nurturing and developing the entrepreneurial spirit of young nationals.

eIuThis agreement represents a union of forces between two highly focused and dynamic institutions, which have a proven track record of applying combined strengths, talents and knowledge across a range of industries and markets. This agreement is well poised to bring huge benefits to women entrepreneurs and investors especially, as the MoU is geared to participate in new business ventures at the launch stage, with a special focus on women-led enterprises, thereby enabling them to be part of high-growth opportunities aligned with the sectors most significantly contributing to the region's GDP GDP (guanosine diphosphate): see guanine. .eIN

Manal Shaheen said: eIuWe believe this MoU has forged a perfect match between FORSA's new Venture Capital investment initiative and a proven business incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of  like the Mohammed Bin Rashid Establishment for Young Business Leaders. This is a collaboration that provides an ideal platform for aspiring as·pire  
intr.v. as·pired, as·pir·ing, as·pires
1. To have a great ambition or ultimate goal; desire strongly: aspired to stardom.

2.
 women entrepreneurs of this country, reflecting our commitment to contribute to the UAE society by creating opportunities that will help empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems  women through market enterprise.eIN

Akil Kazim concluded: eIuAt SME, we strongly believe that encouraging the entrepreneurial spirit is the basis of success in today's economic environment. We are honoured to work with a pioneering organisation like FORSA, which is opening up new avenues of opportunity for UAE businesswomen. This MoU fits in well with the SMEeIUs goal of encouraging the next generation of business leaders. We are confident this agreement will yield great results.eINE 2008 Al Bawaba (www.albawaba.com)

E 2008 Al Bawaba (Albawaba.com)

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Publication:Albawaba.com
Date:Jul 14, 2008
Words:576
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