Breaking news

Junior Achievement Cyprus Launches Applications for Student Entrepreneurship Programmes

Junior Achievement Cyprus (JA Cyprus), a prominent non-profit organisation that promotes entrepreneurship among young people, has announced the opening of applications for its flagship entrepreneurship programmes for the academic year 2024-2025. Aimed at fostering business acumen, innovation, and leadership skills among students, these initiatives offer invaluable hands-on experience in building and managing a business from the ground up.

The organisation’s two primary programmes—the “Company Programme” and the “StartUp Programme”—are designed to equip students with the skills necessary to thrive in the competitive global economy. Both initiatives aim to bridge the gap between theoretical learning and practical business application, encouraging students to think creatively and act decisively in real-world scenarios. The programmes are open to students from public and private secondary schools, as well as universities across Cyprus.

Fostering Entrepreneurship from a Young Age

The “Company Programme” targets secondary school students, providing them with the opportunity to form a real company and develop their own products or services. This programme has gained international recognition, having been implemented across over 40 countries. Students are mentored by experienced business leaders and educators, who guide them through the complexities of entrepreneurship, from ideation to execution. Participants not only learn how to develop a business plan but also how to pitch their ideas to potential investors, handle financials, and navigate the competitive market.

The “StartUp Programme,” on the other hand, is tailored to university students and young professionals. This initiative allows participants to create their own startups, offering a platform to explore innovative solutions to real-world problems. Through this programme, aspiring entrepreneurs receive mentorship, access to business networks, and an opportunity to pitch their projects to investors at both local and international events.

The programmes culminate in local competitions, where teams present their business ideas to a panel of judges composed of industry professionals. Successful teams have the opportunity to compete at the European level, representing Cyprus in the Junior Achievement Europe Competitions. These events not only provide international exposure but also offer students the chance to expand their business networks, gain feedback from experts, and potentially secure funding for their ventures.

UAE’s Foreign Trade Hits Record $820 Billion In 2024, Fueled By Strategic Deals

In 2024, the UAE’s foreign trade reached a historic $820 billion (AED 3 trillion), marking a significant achievement for the nation. This milestone was driven by a rise in international trade agreements, with Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, highlighting the pivotal role these partnerships played in the country’s economic growth.

Strong Trade Growth

The UAE’s foreign trade saw a robust 14.6% year-on-year growth in 2024, a stark contrast to global trade growth of just 2%. Sheikh Mohammed credited the nation’s ongoing efforts to strengthen economic ties globally, with a particular emphasis on the role of UAE President Sheikh Mohammed bin Zayed Al Nahyan, who has worked tirelessly to cultivate stronger international relationships.

The Impact Of CEPAs

A key contributor to the UAE’s foreign trade success is the implementation of Comprehensive Economic Partnership Agreements (CEPAs). These agreements, spearheaded by Sheikh Mohammed bin Zayed, added an impressive $36.8 billion (AED 135 billion) to the UAE’s non-oil trade in 2024, marking a 42% increase from the previous year. These agreements are helping to cement the UAE’s position as a global trade hub.

Achieving Ambitious Goals Early

In 2021, the UAE set an ambitious target of reaching $1.1 trillion (AED 4 trillion) in foreign trade by 2031. By the end of 2024, the country had already achieved 75% of this goal, putting it on track to surpass this target well ahead of schedule. This rapid progress reflects the UAE’s strong economic vision and strategic focus on progress over politics.

Exports Surge

The UAE’s exports also saw a significant jump in 2024, rising 32% between January and October compared to the same period in 2023. This performance highlights the strength of the country’s industrial strategy and its growing global market access.

Outlook for 2025

The UAE’s economic outlook remains strong, with the International Monetary Fund (IMF) forecasting 4% growth in 2025, driven by non-oil sectors such as tourism, construction, and financial services.

In conclusion, the UAE’s record-breaking trade figures are a testament to its effective economic strategies and its growing influence in global markets.

Uri Levine Course

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter