Archive for January 20, 2011
Arab world needs 40m new jobs in next 20 years
Posted in Islamic finance news, Muslims News, News on January 20, 2011 by ZULKIFLI HASAN
Arab world needs 40m new jobs in next 20 years
By Karen Leigh Available at:
http://www.arabianbusiness.com/arab-world-needs-40m-new-jobs-in-next-20-years–374438.html
TUNISIA PROTESTS: On Monday, an Egyptian man set himself on fire outside parliament on Monday after the same action by a protester in Tunisia sparked an uprising that led to the downfall of the government
Egypt’s Minister for Trade said the MENA region needs to create 40 million new jobs in the next 20 years and foster interconnectivity in the Arab financial markets to keep its economy afloat.
“You should create a better future for all Arabs in all of your countries,” Rashid Mohammed Rashid said during a press conference in Sharm el Sheikh.
“Full integration among Arab countries is called for by all these problems” – namely joblessness and the need to attract foreign investment from outside the region.
Egypt, the Arab world’s most populous country, has failed to keep pace with its rapidly growing population. The country has been plagued by high unemployment levels, housing shortages and soaring food costs.
Close to half of Egypt’s 80-million people live below the poverty line of two dollars a day.
On Monday, an Egyptian man set himself on fire outside parliament on Monday after the same action by a protester in Tunisia sparked an uprising that led to the downfall of the government.
Copycat burnings have also been seen in Algeria and Mauritania.
“We are all in need of economic integration, and without it we cannot sustain… with what is happening across the globe,” Rashid said, alluding to last week’s uprising in Tunisia. “Everyone is for regionalisation.”
Rashid also called for a “real partnership” between the people of the Arab region.
“When we have a free economy it will lead to a customs union and a common market,” he said.
The need for participation between Gulf, Arab and North African nations was apparent, he said.
“This morning we spoke with 13 or 14 heads of state – and there’s a strong representation even from countries where their leaders couldn’t be here.”
Cooperation is necessary in securing non-MENA investment, as is a more stable financial infrastructure.
“The current [political and trade] policies are impeding access to investment. Countries are not investing here because we don’t have a business plan that can absorb all these funds. Egypt is opening a lot of fields of infrastructure – in education, health, and more – for investments. If this spreads through the Arab world then investments will flow in rapidly.”
Regards
ZULKIFLI HASAN
Mr. Zulkifli Hasan is a PhD research scholar of Durham University. Prior pursuing his PhD journey, he was a senior lecturer at Faculty of Shari’ah and Law, Islamic Science University of Malaysia. He also hold various academic positions such as legislation editor for the Malaysian Journal of Shari’ah and Law, Shari’ah panel for the Institute of Fatwa Management and Research, Islamic Science University of Malaysia, ad-hoc reviewer for the International Journal of Business and Finance Research, Journal of Corporate Governance: International Review and International Journal of Business and Management Science as well as a member of the Advisory Editorial Board of the Shari’ah Law Reports and the Global Islamic Finance Magazine.
In term of industrial experiences, he has worked extensively in Islamic finance industry as an advocate and solicitor, in-house counsel for Bank Muamalat Malaysia Berhad, member of Rules and Regulations Working Committee for Association of Islamic Banking Institutions Malaysia and member of corporate governance working committee for Awqaf South Africa. He also underwent internship at Hawkamah, the Institute for Corporate Governance, Dubai International Financial Centre in 2009 whereby he assisted the Task Force on Corporate Governance in Islamic financial institutions (IFIs) to develop corporate governance guidelines for IFIs in Middle East and North Africa (MENA) as well as the Task Force on Environmental, Social and Governance (ESG) to specifically introduce the S&P/Hawkamah Pan Arab ESG Index for listed companies in 11 MENA markets.
He obtained his first degree in Bachelor of Laws from International Islamic University (2001) and received his second degree in Bachelor of Shari’ah (2002) as well as Master of Comparative Laws (2004) from the same university.
As an academic, he has published numerous articles in various academic journals such as Malayan Law Journal, Shari’ah Law Reports, International Review of Business Research, Journal of International Banking Law and Regulation, International Journal of Islamic and Middle Eastern Finance and Management, Kyoto Bulletin of Islamic Area Studies and Review of Islamic Economics and presented many papers in various conferences both local and abroad. His research interest include corporate and Shari’ah governance and regulation in Islamic finance.
For more information, click About Me
By Karen Leigh Available at:
http://www.arabianbusiness.com/arab-world-needs-40m-new-jobs-in-next-20-years–374438.html
TUNISIA PROTESTS: On Monday, an Egyptian man set himself on fire outside parliament on Monday after the same action by a protester in Tunisia sparked an uprising that led to the downfall of the government
Egypt’s Minister for Trade said the MENA region needs to create 40 million new jobs in the next 20 years and foster interconnectivity in the Arab financial markets to keep its economy afloat.
“You should create a better future for all Arabs in all of your countries,” Rashid Mohammed Rashid said during a press conference in Sharm el Sheikh.
“Full integration among Arab countries is called for by all these problems” – namely joblessness and the need to attract foreign investment from outside the region.
Egypt, the Arab world’s most populous country, has failed to keep pace with its rapidly growing population. The country has been plagued by high unemployment levels, housing shortages and soaring food costs.
Close to half of Egypt’s 80-million people live below the poverty line of two dollars a day.
On Monday, an Egyptian man set himself on fire outside parliament on Monday after the same action by a protester in Tunisia sparked an uprising that led to the downfall of the government.
Copycat burnings have also been seen in Algeria and Mauritania.
“We are all in need of economic integration, and without it we cannot sustain… with what is happening across the globe,” Rashid said, alluding to last week’s uprising in Tunisia. “Everyone is for regionalisation.”
Rashid also called for a “real partnership” between the people of the Arab region.
“When we have a free economy it will lead to a customs union and a common market,” he said.
The need for participation between Gulf, Arab and North African nations was apparent, he said.
“This morning we spoke with 13 or 14 heads of state – and there’s a strong representation even from countries where their leaders couldn’t be here.”
Cooperation is necessary in securing non-MENA investment, as is a more stable financial infrastructure.
“The current [political and trade] policies are impeding access to investment. Countries are not investing here because we don’t have a business plan that can absorb all these funds. Egypt is opening a lot of fields of infrastructure – in education, health, and more – for investments. If this spreads through the Arab world then investments will flow in rapidly.”
Regards
ZULKIFLI HASAN
Professional Background
Mr. Zulkifli Hasan is a PhD research scholar of Durham University. Prior pursuing his PhD journey, he was a senior lecturer at Faculty of Shari’ah and Law, Islamic Science University of Malaysia. He also hold various academic positions such as legislation editor for the Malaysian Journal of Shari’ah and Law, Shari’ah panel for the Institute of Fatwa Management and Research, Islamic Science University of Malaysia, ad-hoc reviewer for the International Journal of Business and Finance Research, Journal of Corporate Governance: International Review and International Journal of Business and Management Science as well as a member of the Advisory Editorial Board of the Shari’ah Law Reports and the Global Islamic Finance Magazine.
In term of industrial experiences, he has worked extensively in Islamic finance industry as an advocate and solicitor, in-house counsel for Bank Muamalat Malaysia Berhad, member of Rules and Regulations Working Committee for Association of Islamic Banking Institutions Malaysia and member of corporate governance working committee for Awqaf South Africa. He also underwent internship at Hawkamah, the Institute for Corporate Governance, Dubai International Financial Centre in 2009 whereby he assisted the Task Force on Corporate Governance in Islamic financial institutions (IFIs) to develop corporate governance guidelines for IFIs in Middle East and North Africa (MENA) as well as the Task Force on Environmental, Social and Governance (ESG) to specifically introduce the S&P/Hawkamah Pan Arab ESG Index for listed companies in 11 MENA markets.
He obtained his first degree in Bachelor of Laws from International Islamic University (2001) and received his second degree in Bachelor of Shari’ah (2002) as well as Master of Comparative Laws (2004) from the same university.
As an academic, he has published numerous articles in various academic journals such as Malayan Law Journal, Shari’ah Law Reports, International Review of Business Research, Journal of International Banking Law and Regulation, International Journal of Islamic and Middle Eastern Finance and Management, Kyoto Bulletin of Islamic Area Studies and Review of Islamic Economics and presented many papers in various conferences both local and abroad. His research interest include corporate and Shari’ah governance and regulation in Islamic finance.
For more information, click About Me
May 25, 2009 at 8:25 am
but…
there is no supervsor that master in that field other thn u
huhu
July 30, 2009 at 8:43 am
As-salamu’alaykum Dr. Zulkifli
I came across the presentation transcript oF your online paper CORPORATE GOVERNANCE FROM WESTERN AND ISLAMIC PERSPECTIVE on the internet and would like to cite it in an article I am intending to send to a journal in mid August 2009.
May I know whether whether the said paper has been published?
If it has, I would appreciate very much if you could give me the details of the journal in which your paper was published and its date and whatever other relevant details necessary in footnote citation.
I look forward to hear from you soonest possible.
Thanking you in advance.
Was-salam
Marilyn Ong Siew Ai
(a.k.a. Malin Naqiyah Abdullah)
FACULTY OF ECONOMICS & BUSINESS
UNIVERSITY MALAYSIA SARAWAK
Dr. Zulkifli is just talking as if he was a blooming idiot!
BAFS