April 30, 2010

Gulf Venture Capital Association (GVCA)

Bahrain to host meet on venture capital

By Mehmood Rafique

BAHRAIN will host the first conference on venture capital to discuss the current status of venture capital and how to utilize this major source of funding to stimulate the region's small and medium-size entrepreneurs. Venture capital is considered one of the highly specialized segments of funding, or "smart capital," with an anticipated fund under management to reach $4.4 billion by the end of the year in the Middle East and North Africa (MENA) region.
At a Press conference addressed by founding committee members of the Bahrain-based Gulf Venture Capital Association (GVCA), it was noted that GVCA is a non-profit organization, launched in Bahrain last April by founding-committee members who would elect the new boards of directors and trustees at a later stage.
GVCA chairman Abdullah M. Al Subyani said that it was a strategic and very important move of the Kingdom of Bahrain to facilitate the establishment of the association. Ahmed Al Sari, Abdullah Al Alami and Imad Ghandour also addressed the press conference. Organized by the association, the conference will be held in November.
The theme of the conference will be "Building a Regional Venture Capital and Private Equity Industry." During the conference, the European Venture Capital Association will discuss ways and means to position GVCA as a major player by putting together professionals, policymakers and strategists to benefit from venture capital and high-risk funding.
"A key milestone has been achieved in the development of the region's financial sector with the recent establishment of GVCA. Formed by a consortium of prominent institutions and professionals from across the GCC, the association is a new, independent trade and industry group committed to supporting the growth of a strong venture-capital and private-equity industry within the Arabian Gulf," Al Subyani said.
"Through its formation, GVCA aims to encourage and enable appropriate laws and industry regulations, develop human resources, promote a risk-taking investment culture, provide industry statistics and facilitate networking events."
"In recent years, the Arabian Gulf has witnessed a number of significant trends, including the repatriation of capital and talent back into the region, the deregulation of several key industries, and the liberalization of markets for trade and investment and increased emphasis on promoting the private sector to the forefront of the economy. Building on these trends, GVCA is committed to playing a key role in bringing together the region's extended community of investors and entrepreneurs to focus on building venture capital into a major component of the region's financial and economic infrastructure."
Dr Oussama Tabbara, current GVCA vice-president, said: "The association will launch several regional programmes this year including a live video-conference series to promote learning and networking across nine GCC cities as well as a number of training courses, workshops and road shows tailored to serve the needs of the GCC's emerging venture-capital industry."
Marwan Tabbara, a member of the founding committee and current treasurer, said: "GVCA has launched its website at www.gulfvca.org that includes additional information about the organization, its committees and an online registration form."
"The conference will address key issues related to building a vibrant venture-capital and private-equity industry in the region," Imad Ghandour said.
The conference will also include structured interactive sessions designed to address key challenges facing venture capital and private equity in the region.

Gulf Financial Insider - GFI
By David Beckett
Networking ideas to create innovation

The first conference on 'Building a regional Venture Capital and Private Equity industry' organised by the Gulf Venture Capital Association (GVCA) will be held in Bahrain from November 15-17, 2005.
This forward thinking trade and industry association attracts investors, conglomerates and business entrepreneurs with the purpose of sharing ideas and experiences in the development of a risk-taking investment culture.
The primary role of the organisation is to focus on investment trends, develop regulations and analysis skills through organised conferences, industry focused forums and educational seminars.
"We are very excited about this first conference and we have invited key industry speakers who we believe will inspire innovation and encourage participants to interact with a 'coffee shop' approach to sharing and analysing new ideas on investment," said Abdullah Al Subyani, president of the GVC. GFI will be supporting the progress of this pioneering association.

Photo caption
(from left to right) Abdulla Al Subyani, Ahmed Al Sari, Abdulla AlAlami and Imad Ghandour

April 27, 2010

أمير الشرقية يستقبل أعضاء مجلس إدارة جمعية المتقاعدين بالدمام

أمير الشرقية يستقبل أعضاء مجلس إدارة جمعية المتقاعدين بالدمام

استقبل صاحب السمو الملكي الأمير محمد بن فهد بن عبد العزيز أمير المنطقة الشرقية في الإمارة يوم الاثنين 12/5/1431هـ الموافق 26/4/2010م مدير فرع الجمعية الوطنية للمتقاعدين في الدمام سعيد عبد الله الغامدي وأعضاء مجلس إدارة الجمعية عبدالله القحطاني ، وعلي مجحود ، ومحمد سعيد العلي ، وعبدالله العلمي.
ونوه أمير المنطقة الشرقية بالدور الذي تؤديه الجمعية لخدمة المتقاعدين، مشددا على ضرورة الاستفادة من خبرات المتقاعدين وتوظيفها في المجالات التي تعود بالنفع على المجتمع.
من جهته، ثمن مدير فرع الجمعية دعم أمير المنطقة الشرقية لفرع الجمعية في الدمام، مما ساهم في نجاح أعمال فرع الجمعية ونشاطاتها.

April 23, 2010

Charity aims to promote organ donation

Charity aims to promote organ donation

Prominent businessman Abdul Aziz Alturki, second left, with Dr. Hannan Al-Ghamdi, second right, Thea Al-Ghamdi, 1st right, and Abdullah Al-Alami at the launch in Alkhobar of the Saudi Charitable Foundation for Promoting Organ Donation. (AN photo by Boutros Ayad)


ALKHOBAR: For a young accident victim or chronically ill hospital patient, cultural taboos against organ donations can be akin to a death sentence.

Now a group of 36 highly motivated and concerned Saudis, led by prominent businessman Abdul Aziz Alturki, have set up a society to raise awareness about the issue in the Eastern Province. Donating organs to sick or injured people is not considered to be an obligation by many in the Arab world and Saudi Arabia in particular.

Yet hundreds, if not thousands, of Saudi men, women and children in need of a transplant are forced to endure pain and misery because of the lack of organs.

“The formation of the Saudi Charitable Foundation for Promoting Organ Donation was long overdue,” Alturki, the foundation’s chairman, said at a press conference on Wednesday.

“There are so many people who are in need of organs. Some of them are forced to travel abroad and pay an astronomical sum to buy an organ. Not all of them can afford that kind of money. So we thought, why not create awareness in our society and basically encourage people to donate their organs.”

Alturki said the foundation would seek the help of prominent religious scholars to spread positive messages about organ donation.

“Sheikh Al-Sedhan urged people to save lives and donate their organs to the needy in the 1930s. He would mention these things in his speeches in the Kingdom’s mosques. Then we have had rulings from the late Sheikh Bin-Baz. He encouraged organ donation, too.” He said the idea for such a charitable organization was first floated by King Fahd Specialist Hospital in Dammam.

“The idea was then discussed with like-minded businessmen and doctors at my office and it was decided to go ahead with its registration with the relevant government agency. We had the society’s first general assembly meeting last week, during the course of which we elected nine members to run the new organization’s board.”

Dr. Hannan Al-Ghamdi, who was among those who attended the press conference on Wednesday, was elected vice chairperson. “In Islam, saving life is more important than anything else,” she said, quoting part of the Holy Qur’an.

“Through public outreach programs, we intend to educate the local communities about the importance of organ donations. The new organization will help organize our efforts.”

Economic researcher Abdullah Al-Alami, a member of the new society’s governing board, admitted that religious scholars will have a very important role to play in educating the public about the importance of donating organs.

“This will save so many lives and will bring so many people out of their misery,” he said.

In a previous interview with Arab News on the issue, Cairo-based prominent Islamic scholar and well-known medical practitioner Dr. Mohammad Haytham Al-Khayat said organ donation was highly recommended in Islam.

“It is a kind of ‘sadaqa jariya’, which is essentially an act of charity after a person passes away,” he said, referring to a decision taken by leading Islamic scholars in Kuwait some years ago that endorsed organ donation and organ transplants.

April 22, 2010

الإعلان عن تأسيس أول جمعية سعودية لتنشيط التبرع بالأعضاء بالمنطقة الشرقية

الإعلان عن تأسيس أول جمعية سعودية لتنشيط التبرع بالأعضاء بالمنطقة الشرقية

April 17, 2010

صحيفة الوطن

عبدالله العلمي
مؤتمر الإرهاب وتطرف الفكر

لا شك أن دور المدرسة هام جداً في التعرف على حالات الغلو في الدين، ومن هنا يأتي أهمية دور التعريف بالوسطية وتعرية فكر الخوارج وخاصة ما يتعلق بالتفسيرات الخاطئة لقضايا التكفير والجهاد والولاء والبراء. دور المدرس هام جداً في أسلوب إيصال المعلومة الصحيحة أو (الخاطئة) لعقول الأطفال، فينتج لدينا جيل منفتح على الوسطية والعقلانية أو جيل منحرف مؤهل للتعاطف والتعاون مع الأفكار الإرهابية.

المحاكم لا تملك حق نظر دعاوى الاحتساب ضد الإعلاميين

المحاكم لا تملك حق نظر دعاوى الاحتساب ضد الإعلاميين

وصف الكاتب السعودي عبد الله العلمي أن «رفع الدعاوى القضائية إجراء صحي ويدل على استقلالية القضاء في حال تفعيل مبدأ فصل السلطات، وكما نص قرار مجلس الوزراء فإن قضايا الإعلام مسؤولية وزارة الثقافة والإعلام ولا يجب أن يتم البت فيها في المحاكم الشرعية أو أية محاكم أخرى»، مبينا أن أي إجراء غير ذلك يرد عليه بالدفع بغير الاختصاص.

وأكد أن المهم عدم السماح لفئة ما احتكار الرأي في الصحافة والإعلام بل إتاحة المجال للجميع لإبداء آرائهم، لأن فوضى الاحتساب وما يصاحبها من رفع الدعاوى القضائية في غير موقعها تؤدي لنشر ثقافة الكراهية والعنف من جهة، والتعدي على الخطوط الحمراء التي سنتها الدولة لحماية حقوق الإنسان.