* The World Economic Forum published a report illustrating 4 ways in which the Middle East can become more resilient. The report illustrates that while the IMF projects the MENA will expand by 4.1% in 2022, the reality is that with fiscal and monetary space narrowing in most economies, the recovery remains uneven. The report highlights four main ways in which regional stakeholders can work together to shape effective recovery and work towards a more inclusive, sustainable, and resilient region – namely (1) coordinating a robust and inclusive recovery concerning the COVID-19 pandemic’s impact on the economy; (2) working towards a green MENA region by reducing carbon emissions; (3) broadening the Fourth Industrial Revolution with technology as its cornerstone toward addressing youth unemployment; and (4) advancing geopolitical dialogue.
* The “Injaz” Foundation announced the Youth Participation and Employment Project “My Work Begins with a Step,” implemented in Balqa, Madaba, Tafileh and Karak governorates, in partnership with Oxfam, and with the support of the Arab-Danish Partnership Program. The program looks to enhance life and technical skills to facilitate the involvement of young men and women in the labor market, through specialized trainings that help them to Finding job opportunities in different fields or starting their own business.
* The Egyptian Ministry of Immigration and Egyptian Expatriates Affairs launched the “Egyptian and African Youth Expats Entrepreneurship” Initiative, as part of the recommendations of the fourth World Youth Forum, held last week, which raised the importance of coordinating entrepreneurial efforts between Egyptian and African youth. The initiative aims to link Egypt’s young entrepreneurs from abroad and at home, expand the horizons of cooperation with African youth, provide the opportunity to benefit from the ideas proposed by Egyptian young entrepreneurs abroad, and link between academics and experts abroad and Egypt’s young entrepreneurs in various fields.
* The Egyptian Association of Young Businessmen organized a symposium entitled "Supporting Family Businesses and Businessmen to Improve Institutional and Financial Structures" in cooperation with the Dubai International Financial Center. The reason for the seminar is to improve corporate structures, access to finance, and learn about digital technologies.
* The Emirates Aluminium company, which the largest non-oil and gas industrial company in the UAE, announced that it hired 100 Emirati youth in 2021 with a median age of 24. The company currently has 1200 employees, with over 700 of them under the age of 35. The company hired 18 fresh-graduates from its personal graduates program, where university graduates received 18 or 24 months of training to gain skills needed for leadership positions in the company.