Category Archives: Business

Corporate Governance : Transparency & Conflict of Interest

Corporate Governance

Present Day Scenario & Needs
Transparency amidst board members and greater demand for individual accountability has become a must for Arab Companies as the economy is adopting a market based approach.

“Corporate Governance” the term did not exist in the Middle East & North Africa either in the government books or Arabic terminology as the areas primitively housed companies and enterprises which were owned by individual families or states.

In order to run modern day businesses few elements like transparency and conflict of interest were absent, as the companies carried out unorganized and self-restricted policies without adhering to the social elements.

To the positive side of things, in present day scenario 14 out of 17 economies present in the middle-east have adopted “hawkamah” a term which refers to “governance.” However the economies that are in transition on the political and economic fronts, the process of adopting corporate governance has not yielded positive results.

Market Access and Trade Barriers in SME Internationalisation

SME International Trade

There is no greater priority for the nation than to put the citizens back to work. Look around, there are millions who are unemployed. Nations needs to constantly looking at job creations for younger generations and growing workforce, and also for job replacements that were lost in the transitions.

Those policymakers who are looking out for solutions, they need to create a business environment which would be conducted to the success of smaller businesses as well as the entrepreneurs. The principal drivers of the growth of the job sector are the small and the medium sized enterprises ( or SMEs ) which generate about two thirds of the new jobs which is as per the data of the U.S. Small Business Administration.

The second ingredient that is needed to create jobs successfully is a focus on trade. The opportunity to tap into the dynamic foreign markets has a higher appeal as the foreign markets make up about 80% of the purchasing power of the world and contributes more than ninety percent in the economic growth of the country and provides over ninety five percent of the consumers.