ABU DHABI // The next generation of entrepreneurs is getting a boost for their social enterprises after being selected to receive the Emirates Award for the Arabian Gulf Youth.
Fifteen “social ventures” created by Gulf Youth were chosen by the Emirates Foundation, an Abu Dhabi youth organisation, for mentorship and start-up funding. The shortlist includes projects on female empowerment, the environment, education, health and youth development. It was assembled from 200 submissions from across the GCC.
The award, under the patronage of Sheikh Abdullah bin Zayed, Foreign Minister and chairman of the Emirates Foundation, aimed to encourage entrepreneurs aged between 18 and 35.
“The youth perspective on social issue and their insights into the problems has been outstanding,” said Maytha Al Habsi, chief programmes officer at the Emirates Foundation.
The 15 projects on the shortlist were selected by a panel of members from the public and private sector.
On November 17, that panel will select three to appear at the Emirates Award for the Arabian Gulf Youth Recognition event in Abu Dhabi the following day, where they will vie for the top prize, a Dh100,000 grant.
Second and third place winners will receive Dh70,000 and Dh50,000 respectively.
Of the 15 projects, four are led by or include UAE residents. They include Laila Al Shehhi, 33, who developed The Green Gold, a project that looks at alternatives to fossil fuels. Emiratis Roudha Al Awadhi, 26, along with Jordanians Ahmed Abu Farhah, 24, and Yasmin Abu Amear, 26, are behind a pure water extraction project.
Faisal Al Hammadi, 30, and Hamad Al Hammadi, 31, have a programme that partners with schools to promote healthier habits. And, Alia Galadari, 25, created the Shefaa Healthcare Network for patients and medical students.
Ms Al Habsi said: “GCC youth have shown they are innovative. But having an idea is only the start,” she said. “Crystallising that idea and making it feasible is where many budding entrepreneurs get stuck.”
esamoglou@thenational.ae
Company Profile
Founder: Omar Onsi
Launched: 2018
Employees: 35
Financing stage: Seed round ($12 million)
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The biog
Siblings: five brothers and one sister
Education: Bachelors in Political Science at the University of Minnesota
Interests: Swimming, tennis and the gym
Favourite place: UAE
Favourite packet food on the trip: pasta primavera
What he did to pass the time during the trip: listen to audio books
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Sav%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Purvi%20Munot%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24750%2C000%20as%20of%20March%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Angel%20investors%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Engine: 3.5-litre V6
Transmission: eight-speed automatic
Power: 290hp
Torque: 340Nm
Price: Dh155,800
On sale: now