(TAP) – On 16/03/2023, TUNIS/Tunisia. The Union for the Mediterranean (UfM) launched a call for applications to finance projects aimed at promoting employment and entrepreneurship in the green economy sector. The aim is to support the environmental transition of the economies of 7 Mediterranean countries, including Tunisia.
According to information published Thursday by the UfM, this call for applications is intended for NGOs working to support vulnerable populations disproportionately affected by the consequences of climate change and by the evolution of the socio-economic context.
Eligible for this call for applications are non-profit NGOs active in the field of environmental transition of economies in an inclusive manner and with respect for social justice. These NGOs must be based in Algeria, Egypt, Jordan, Lebanon, Morocco, Mauritania, Palestine or Tunisia, with priority given to regional projects. The deadline for applications is May 29, 2023.
The selected candidates will benefit from financial support ranging from 150,000 to 300,000 euros (which represents a sum varying between 500,000 and 1 million dinars) per project, as well as from the UfM’s technical expertise, which will give them greater visibility.
Funded by the UfM with the support of the German Development Cooperation (GIZ), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Spanish Agency for International Development Cooperation (AECID), this initiative, in its first edition, launched in 2020, helped 18,000 people, mainly young people and women, from seven UfM member states (Greece, Italy, Jordan, Lebanon, Malta, Morocco and Tunisia).
These projects address employment challenges in the areas of entrepreneurship, women’s empowerment, sustainable tourism, and education and research.
The green economy, as well as “green” jobs, are set to play a key role in the sustainable recovery of the Mediterranean region from the COVID-19 pandemic.
The programmable world from writing software codes to running machines to computing efficiently would be on the verge of programming the world. It would be a long-drawn effort, the contours and time unknown, but its direction is apparent. The typical elements of software will become a part of our day-to-day life, bringing control, customization and automation to the increasingly entangled world around us. The experiences would be under your control. How different would it be from the world we live in today?
The image above is Credit: Carloscastilla via Alamy Stock
Is Your Business Ready for the Programmable World?
The programmable world will be a turning point for businesses and society. Businesses that prepare first will be best positioned to succeed.
Imagine a world where the environment around you is as programmable as software: a world where control, customization, and automation are enmeshed in our surroundings. In this world, people can command their physical environment to meet their own needs, choosing what they see, interact with and experience. Meanwhile, businesses leverage this enhanced programmability to reinvent their operations, subsequently building and delivering new experiences for their customers.
The Accenture Technology Vision 2022 report explains that, increasingly, this “programmable world” is becoming a reality. It is being built on decades of innovation including cameras, smart speakers and microphones, natural language processing, computer vision, edge computing, programmable matter and 5G — to name just a few. Such technologies are amplifying the capabilities of devices and turning them into an ambient and persistent layer across our built environments.
Already, nearly 80% of executives surveyed believe that programming the physical environment will emerge as a competitive differentiation in their industry. An early example of what’s to come in this space is Amazon’s Sidewalk service. For years, Amazon deployed hundreds of millions of Echo, Ring and Tile products in neighborhoods worldwide. Sidewalk creates a Bluetooth network that can extend connectivity up to half a mile beyond Wi-Fi range and lets anyone with compatible devices connect. If your dog escapes, a Tile tracker on its collar could stay connected thanks to Sidewalk bridges from your neighbors’ homes. This approach of connecting existing IoT devices to create instant smart neighborhoods hints at the power that connecting other, even more sophisticated technologies will soon unleash.
Leading enterprises will be at the forefront of the programmable world, tackling everything from innovating the next generation of customizable products and services, to architecting the hyper-personalized and hyper-automated experiences that shape our future world. Organizations that ignore this trend, fatigued from the promise of IoT, will struggle as the world automates around them. This will delay building the infrastructure and technology necessary to tap into this rich opportunity, and many organizations may find themselves playing catchup in a world that has already taken the next step.
Preparing for the Programmable World
To begin building a new generation of products, services, and experiences in the physical world that meet our new expectations for digital conveniences, enterprises will need a deep understanding of three layers that comprise the programmable world:
1. The connected. The connected devices that enable seamless interaction with our surroundings: IoT and wearables today, ambient computing and low latency 5G-based devices tomorrow.
2. The experiential. Digital twins of the physical world that provide real-time insights into environments and operations and which transform peoples’ experiences within them.
3. The material. A new generation of smart, automated manufacturing alongside innovations like programmable matter and smart materials; programmable matter can — as the phrase suggests — be “programmed” to change its physical properties upon direct command or by sensing a predetermined trigger.
Becoming a leader in the programmable world requires wide-ranging experimentation and continuous development across these three layers. Companies that achieve “full stack” programmability will blaze a trail, so it’s important for this journey to start as soon as possible. We recommend that organizations begin addressing the following as a priority:
Level up the connected layer. 5G will be a game-changer in terms of speed and low latency, but rollouts are still in early days. This presents an opportunity for organizations to pilot new use cases that leverage 5G capabilities, so that they can hit the ground running when it’s more broadly available.
Get involved with industry-wide alliances. Industry alliances will shape the development of new technology standards for the programmable world. Businesses that take part in these alliances will help ensure that the world evolves in a way that benefits their customers. From an interoperability perspective, this could mean participating in ecosystem-wide efforts to set standards for how devices connect and communicate.
Bridge the digital and physical worlds. All businesses should now consider building digital twins. Even without the full maturity of the programmable world, these platforms provide significant operational and competitive advantages to companies today. Over time, digital twins will become the engine for every enterprise’s programmable world strategy, letting them invent products, design experiences, and run their businesses in ways that would once have been unimaginable.
Innovate in the right areas. Start by looking at where purely digital or purely physical experiences have yet to excel. For instance, apparel shopping comes with major pain points both in person and online (e.g., limited selections and wait times in store vs. difficulty finding the right size/style online). Virtual dressing rooms using AR filters and 3D avatars are a perfect solution, enabling online customers can try on items before they buy. Similarly, physical dressing rooms can be enhanced with improved lighting and interactive screens, so shoppers can get more out of trips to the store.
Explore future materials technologies. Partnerships with start-ups and universities are a good way to stay right at the forefront of real-world technology innovation. For instance, a team of researchers at MIT’s Center for Bits and Atoms published their work around four new material subunits called voxels. Researchers believe voxels could be programmed into certain combinations to create objects that change and respond to the environment around them – like airplane wings that shapeshift in response to different air conditions — and they believe tiny robots could be used to assemble, disassemble, and reassemble the voxels into a nearly limitless variety of objects.
The programmable world promises to be the most disruptive turning point for business and society in decades. Soon, we will live in environments that can physically transform on command and which can be customized and controlled to an unprecedented degree. With these environments, a new arena for innovation and business competition will be born. Businesses that prepare first, will be best positioned to succeed.
The MENA region is somehow more vulnerable to the effects of climate change than elsewhere and it should take this opportunity to focus on its socio-political among many other things institutional arrangements. An IFRC’s Press release on how the Ukraine conflict tends to intensify existing humanitarian crises in the MENA region. This article follows on how Cascading Climate Effects in the MENA are impacting all and it should be best through an inclusive model of governance for its obvious argumentations towards some democratic development in the said region.
Iranian Red Crescent Society teams install safe water points in the country in March 2022 to help communities cope during the ongoing severe drought. Photo: Iranian Red Crescent Society
16 June 2022, Beirut – The Middle East and North Africa (MENA) region continues to face multiple and complex crises from conflicts to climate change and displacement. The International Federation of the Red Cross and Red Crescent Societies (IFRC) today issued a rapid assessment report focusing on the impact of the conflict in Ukraine on the humanitarian situation in the MENA region.
The findings of the assessment confirmed that the conflict intensifies the impact of pre-existing crises and trends and increases the vulnerability of most countries.
Rania Ahmed, Deputy Regional Director of IFRC MENA said: “The global economic and security impact of the conflict in Ukraine could be the proverbial last straw that breaks the camel’s back, pushing already fragile countries in the MENA region over the tipping point.”
The assessment’s main findings show that food security and livelihoods are the two most affected sectors. Currently, there are 56 million people in need of food in the region. Data show that the number could increase by 25% over the next six months because of the global food price index increase that has hit a record high. Twelve countries from the MENA region have experienced a dramatic increase in the price of basic food items. In Lebanon, prices have increased by 75-100%. In Iran and Yemen prices went up by 50-75%. Currently, five million people are facing food insecurity in the region. An estimated 1.9 million could slide into hunger.
MENA countries source up to 85% of their wheat from Ukraine and Russia. The agriculture industry in the region has already been severely affected by a combination of disrupted supply chains, water scarcity, and increasing temperatures.
With donors’ attention turned towards the Ukraine crisis, there is a risk that the humanitarian funding for MENA countries might drop. Lack of access to donor funding will only amplify the existing humanitarian crisis in several MENA countries. For the millions of Palestinians, Lebanese, Yemenis, Syrians, and others who live in countries experiencing conflict, catastrophic economic meltdowns, and increasing humanitarian needs, this would be equivalent to shutting down critical life support.
Finally, energy and oil-importing countries are experiencing additional social stress as they witness a 25-75% increase of fuel prices. In Syria and Yemen, fuel shortages and a lack of electricity is already severely impacting the delivery of basic services. The compounded crisis trends in Lebanon, including the sharp increase in energy prices resulting from the Ukraine crisis, have the potential to push the country over the tipping point to become a “critical crisis”.
Methodology: This rapid assessment aims to contribute to the ongoing analysis and scenario development to anticipate, prepare for, and respond to evolving crisis trends in the MENA region, with specific considerations on how the Ukraine conflict is a risk multiplier to existing crisis trends. The assessment was carried out between 25 April and 3 June 2022 using secondary data and a perception survey of 24 representatives of National Societies and IFRC Heads of Delegation.
Start-ups are these days rewriting the big MENA growth. A story that sums up the new trend at this conjecture in business life in the MENA region. Most importantly, it is showing the way of a hydrocarbon-based economy moving into a more diversified one . . .
The above featured image is of World Economic Forum that explored the same topic back in 2019. Here is the story as it stands in 2022:
Saudi start-ups rewriting the big MENA growth story
Start-ups from across the Middle East and North Africa (MENA) had raised nearly $375 million during the past month, with the Saudi firms taking a sizeable chunk of the pie, netting $219 million across 23 investment deals in February, according to a report.
With 58% of overall funding in the wider region going towards Saudi Arabia, it is no surprise to hear that headcount has grown by 20% within the kingdom’s start-ups over the past 12 months, said the report by leading recruitment consultancy Robert Walters Group, adding that this figure is expected to grow further this year as the government continues to create the ideal environment for start-up growth and international investment.
The competitive recruitment landscape between big corporates and start-ups continues to grow, with approximately 3 times the number of jobs posted vs available talent.
Faisal Saqallah, the Consultant from Robert Walters Saudi Arabia, shares his thoughts on why start-ups are winning the race on talent.
The Career Accelerator
With relatively flat structures and hands-on founders and CEOs – new starters can find themselves lining up into the senior leadership team from day one, explained Saqallah.
By taking on several different responsibilities and working closely with senior members of the team, start-up environments enable you to prove your worth early on, as well providing an opportunity for your work will be recognised if it has had a direct impact on the business, he stated.
Unlike within corporate structures, leaders will be able to clearly see your involvement in a project’s initial stages to completion, and as a result, the rate of advancement at start-ups tends to be much faster.
According to the Robert Walters Report – Act Like a Start-Up and Win the War on Talent – 50% of professionals in Saudi Arabia are interested in working for a start-up for their next career move.
“This is not surprising therefore to see that our survey found that over half of professionals (52%) would be willing to take a pay cut and join a start-up if they saw an opportunity to progress much quicker than they would do within a corporate set-up,” stated Saqallah.
“After any period of economic change, we typically see a wave of entrepreneurial or start-up activity – and so it doesn’t surprise me to hear of the success of this sector, so much so that Saudi Arabia now ranks sixth in global entrepreneurial competitiveness,” he stated.
“But what is most interesting is how these relatively-new 10-30 person companies are managing to draw some of the county’s top talent away from established firms who typically offer much higher levels of job security,” noted Saqallah.
“Post pandemic we have seen a significant shift in what professionals want from their employer – with purpose, culture, and people, rated above competitive pay and the well mapped-out corporate ladder,” he added.
Start-ups are designed to have high growth potential – and so it is not surprising to see that on average decisions are processed 4x quicker in a start-up than within a large firm (250+).
The changing and fast-paced nature of a start-up will keep employees on their toes, encouraging them to develop new skills as they go, and push boundaries beyond the initial job description.
Working for a start-up, you’ll understand how the whole company works and develops commercial acumen not expected of you when lower down in corporate structures. Some start-up leaders argue that these on-the-job business lessons are in fact better than an MBA.
Our survey found that 33% of professionals are leaving their corporate jobs in order to ‘try something new,’ with a further 15% looking to reskill.
Being a start-up team member comes with great responsibilities. No matter what your title is, your work will make an impact on the company’s growth and success – and so in turn this will make you feel like the job you’re doing has an actual purpose and is a huge motivation.
In fact, a third of professionals (34%) state that the reason they move to a start-up is for challenging and interesting work – with many stating that the skills they adopt in self-management and task prioritisation then cross over into their personal life.
According to the Robert Walters, working for a fast-growth start-up can be an intense experience, so you’ll inevitably become more proactive and ambitious outside of work too.
You’ll be constantly thinking about how to improve things, be more aware of problems and how to solve them and become more open to new cultures and ways of thinking. You’ll also learn to love challenges and even look for them!, it stated.
True Team Spirit
Almost half of professionals (42%) state that the most important value when looking for a future workplace is ‘colleagues and culture that inspire them to do their best – that’s why the company culture at start-ups is something to be valued.
Due to their smaller size, start-ups tend to foster a close-knit, collaborative environment, that encourages people to help where they can on tasks outside of their original remit.
“You’ll be surrounded by highly hardworking, talented, and ambitious people willing to do the impossible. There is a huge motivation to learn from others and contribute with your own knowledge and experience,” explained Saqallah.
Start-ups often favour a fluid structure over a rigid corporate-inspired hierarchy, enabling open discussion and co-operation between all team members.
It is not surprising then to hear that 30% of professionals state that the most appealing thing about a start-up is the open & effective management structure.
Talent the only criteria
Start-ups have a core focus of finding the very best talent who can help achieve their ambitious goals, and as a result, remove any sort of socio-economic or geographical barriers in order to find their stars.
As a result within a start-up, it is not surprising to come across all kinds of co-workers, from all kinds of nationalities, backgrounds, and ideologies – and due to the small nature of the teams, there will naturally be ample cross-over working with colleagues with different skill sets or working styles.
This strong multicultural environment can open your mind beyond work and tasks. It also leads employees to have a global vision.
And diversity doesn’t just rest with the people, it is safe to say that almost no two days are the same within a start-up. Typically, most members of the team have to ‘juggle many hats and take on duties outside of their specific role to contribute to the success of the wider business.
The diversity of tasks helps you to develop new skills very quickly, added to that you will often be learning directly from the founder of the company and/or senior employees.
This an invaluable opportunity when you are in the early stages of your career. Not only will this keep you stimulated in your day-to-day role, but it will also give you the opportunity to find out what you are most interested in and discover what you are best at.
Innovation is the key
Start-ups are different from traditional businesses primarily because they are grounded on disruptive innovation, created to address a perceived ‘problem’ in the market.
Joining a start-up means adopting an ‘out of the box’ mindset – an ability to think on your feet and get creative with smaller budgets and fewer resources.
Autonomy is not considered a perk within a start-up but a given – in fact, it is the reason why 28% of professionals leave a corporate job to join a newly established business.
However, it is not all ‘small-time,’ in order to aid your creativity you’ll find yourself learning and using the most modern and innovative tools and platforms on a daily basis – whilst shaky to start off with you’ll soon start to embrace and speak the ‘start-up language’ in no time!
Many start-ups have an ‘exit strategy’ in mind, which means you will be working towards an ambitious deadline right from the get-go, according to Robert Walters Group.
Growth targets will be ambitious, but if achieved by the team then they stand to cash in from significant rounds of funding as shares are often offered as part of job packages as a way of competing with corporate pay, it stated.
At a start-up, your hard work can payback sometimes 10x the amount you’d get in yearly corporate bonuses within 5-7 years of joining a fast-growth start-up. The key here is to join a business whose product and vision you will truly believe in, it added.
In response to the current local economy, the UAE has decided to launch the first federal corporate tax on business profits from June 2023. Hadeel Al Sayegh and Moataz Mohamed elaborate on the details.
The image above is of a general view of Sheikh Zayed Road in Dubai, United Arab Emirates, December 08, 2021. REUTERS/Satish Kumar/File Photo
UAE to launch first federal corporate tax on business profits from June 2023
DUBAI, Jan 31 (Reuters) – The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits for the first time starting from June 1, 2023, although it kept the rate low, at 9 percent, to maintain its attractiveness for businesses.
The Gulf Arab oil exporter, a magnet for the globe’s ultra-rich, has long benefited from its tax-free status to carve out a role as an international commercial, energy and tourism hub.
Much of this tax-free regime, including no personal income tax, remains. But the Finance Ministry said it was launching corporate tax to align with international efforts to combat tax avoidance, as well as to address challenges arising from the digitalisation of the global economy.
The new tax will be levied on all corporations and commercial activities in the country, except for the “extraction of natural resources” which will remain subject to taxation at the emirate level.
A ministry statement said the new regime implies a standard statutory tax rate of 9%, as well as a 0% rate for taxable profits up to 375,000 dirhams ($102,107.50) in order to support small businesses and startups.
The ministry added that the move would pave the way for the introduction of a global minimum tax rate that would apply a different corporate tax rate to large multinationals that meet specific criteria.
It did not elaborate, but this appeared to be a reference to new rules agreed by the Organisation for Economic Cooperation and Development in October and 136 countries including the UAE to ensure big companies pay a minimum tax rate of 15%. Read more
The move to a tax of 9% chimes with the country’s efforts to diversify budget revenues to reduce reliance on petroleum, for decades the mainstay of the economy.
“The UAE continues to make progress in diversifying its budget revenue away from oil, and a corporate tax fits into this strategy. The tax rate remains low by global standards,” said Khatija Haque, chief economist at Emirates NBD.
“With the international tax treaty signed at the end of last year, many corporates may still have to pay a top-up tax in their country of residence. It is positive for the UAE to earn the tax on the business conducted and income sourced domestically,” said Monica Malik, Chief Economist at Aby Dhabi Commercial Bank.
In 2018, the UAE introduced value-added tax on most goods and services at a standard rate of 5%. The UAE imposes a 20% tax on branches of foreign banks operating in the country, and on companies with concession agreements in the oil and gas sector of up to 55% at the emirate level.
Businesses in the UAE are exempted from paying taxes on capital gains and dividends received from shareholdings, the ministry said.
The new programme left intact the exemption for individuals from income tax, capital gains tax on real estate and other investments, and other earnings that do not come from a business.
The UAE corporate tax regime will continue to honour the corporate tax incentives currently being offered to free zone businesses that comply with all regulatory requirements and that do not conduct business with mainland UAE, the ministry said.
Originally posted on HUMAN WRONGS WATCH: Human Wrongs Watch (UN News)* — Disinformation, hate speech and deadly attacks against journalists are threatening freedom of the press worldwide, UN Secretary-General António Guterres said on Tuesday [2 May 2023], calling for greater solidarity with the people who bring us the news. UN Photo/Mark Garten | File photo…
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