Syrian Business Visionary Strives to Boost Entrepreneurship: Abdulsalam Haykal

The World Economic Forum named Abdulsalam Haykal (right) a Young Global Leader. (Photo source: America.gov)

An article was posted recently on America.gov website about Abdulsalam Haykal, CEO and Publisher of Haykal Media (and its subsidiary, Forward Magazine).

Titled, Syrian Business Visionary Strives to Boost Entrepreneurship, here is an excerpt of the article:

20 April 2010

Syrian Business Visionary Strives to Boost Entrepreneurship

Technology, publishing, business growth in Abdulsalam Haykal’s repertoire

This article is part of a series on delegates to the April 26–27 Presidential Summit on Entrepreneurship.

By M. Scott Bortot
Staff Writer

Washington — If Abdulsalam Haykal has his way, Syria someday will be known as a regional technology hub led by a dynamic work force.

The young Syrian entrepreneur is no ordinary businessman. Haykal works actively to improve Syria’s small-business growth while running Damascus-based software firm Transtek and Haykal Media publishing house.

Haykal is president of the Syrian Young Entrepreneurs Association and a founding trustee of the BIDAYA Foundation, two organizations dedicated to empowering aspiring business people in Syria. In recognition of his business development activities, the Obama administration has invited Haykal to attend the Presidential Summit on Entrepreneurship April 26-27 in Washington.

For the full text, click here.

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Heavyweight Arab investor (ART TV’s Saleh Kamel) backs investment in Syria, asks for more reforms

Heavyweight Arab investor backs investment in Syria

ART TV’s Saleh Kamel asks for more reforms

 

Heavyweight Arab investor Saleh Kamel (owner of ART satellite channels) asks for more reforms in Syria. This is an exclusive photo by Forward Magazine-Syria (captured by Nabil Nijem)

 Exclusive English text  – by Forward Magazine, Syria

 

Speaking at the 13th Arab Businessmen and Investors Conference this week in Damascus, Saudi businessman Saleh Kamel raised eyebrows with what was described as a sharp and courageous speech, dealing with investment, red-tape, and corruption in Syria.

Kamel, owner of the popular ART TV, CEO and founder of Dallah al-Baraka Group, addressed President Bashar al-Assad directly in his speech,  saying: “When you came to power, I was among the optimists regarding what lay in store for Syria – a brighter future in all domains, especially economics.” The reasons for this optimism, he noted, still firmly stand, calling, nevertheless, on President Assad to initiate “an Economic Correction Movement that demolishes bureaucracy and dismantles its complexities!”

While praising Assad’s vision and intellectual acumen, Kamel noted there were several malpractices taking place on a regular basis, obstructing the work of investors coming to do business in Syria – “obstacles to which Syria shies away from, and which your aids do not report, in fear of you and for you.”

Kamel made it clear that a heavyweight investor like himself faces no such obstacles, “since if they close the doors before me, I simply, walk in through open windows. What is required is simplifying procedure for ordinary investors!”

Such systematic change will not happen, he warned, “only by passing strict legislation and firm bylaws.” It needs a strong will from the helm of power in Syria that trickles throughout the political command, all the way down to grassroots Syrians, “employees, executives, observers, and ordinary citizens.” Kamel added, “We need to transfer your beliefs and desires to all of those mentioned above. It is high time that different branches of the state catch up with your grand aspirations!” He pointed out in order to move forward, one must not have a situation in which “one wheel is working, while the rest are rusty.”

Tourism industry in Syria: Lagging behind?

Kamel then spoke of the historic and cultural value of Syria, with all its “God-sent endowments and gifts, abilities and privileges.” Syria was a country, he added, “envied by ill-wishers and coveted by the good-willed.” Why then, he asked, “was it lagging behind neighboring Lebanon when it came to tourism? The two countries, after all, share the same eco-space, yet not the same success story, given Lebanon’s flourishing tourism industry.”

 “What is difficult here is to change the mentality of people, transforming them from bureaucrats into tourism-makers, efficient at smiling before incoming visitors at Damascus Airport.” A tourism culture and industry, he added, were no less important than beautiful landscape and historical sites.

 Saleh Kamel floats the idea of starting a $20m company in Syria

Kamel then said that he has been involved in start-up companies that hunt for opportunities in Saudi Arabia, Mali, Senegal, Uganda, and Sudan, worth $2 billion. From the pulpit of the Businessmen Conference, he sought permission to establish a similar company in Syria, with a capital of $20 million. He personally vowed to contribute 50% of the initial capital, along with partners from other Arab states, granted that “we find serious Syrian investors to cover the other half.” The objective of the new company, which he described as “Syria Opportunities” will be to find new investment opportunities in Syria, jumpstart pending or suffocating ones, and expanding existing successful companies. He wrapped up that he wouldn’t call such a project, “Adventure Capital” but rather, “Initiative Capital,” claiming that God created Man to construct the earth, “and construction only happens when there is initiative.” If there were adventure and risk in construction, he said, “Allah the All Aware would not have ordered us to do so!”

Saleh Kamel’s speech elicited strong applause from the conference audience, which has been estimated at 1,000 businessmen from Syria and the Arab world. The 13th Arab Businessmen and Investors Conference, held in Damascus on March 3-4, 2010 is organized by a variety of players including the Arab League and the Syrian Union of Chambers of Commerce. It is held under auspices of President Bashar al-Assad, who was represented at the event, by Prime Minister Mohammad Naji al-Otari.

* Text of Saleh Kamel’s speech was originally published in Arabic in the daily al-Watan, and translated into English with modification by Forward Magazine.

Meet Bassel Ojjeh, the Syrian web wizard who just left Yahoo! – by flipping the magazine digitally

Are you proud to be Syrian? Well, you should be!

Flip through Forward Magazine’s January 2010 digital pages, using the latest in page-flipping technology…
http://anax8a.pressmart.com/forwardsyria/index.aspx

Meet 4 Syrian expatriates who are …

– Influencing the online world (Yahoo!’s Bassel Ojjeh new ArabCrunch.net sponsorship deal for entrepreneurs)

– Lobbying to change perceptions about Syrians and Arabs in the US (Helen Samhan – Arab American Institute Foundation)

– Leading the paper industry from his Vienna-base (Nabil Kuzbari)

– Proposing premium health care insurance for Syrian from her US experience (Rola Kaakeh)

Interview with Syrian entreprenuer Abdulsalam Haykal on ‘The Next Web’

Photo of Abdulsalam Haykal at a Transtek pavillion, Syria (posted on The Next Web)The Next Web blog, an international source of  news and views about the web, posted a recent interview with Syrian entrprenuer Abdulsalam Haykal. With sanctions on Syria getting a recent renewal by Obama’s administration, Haykal views sanctions “both as a blessing and a curse.”

He continues, “In entrepreneurship, the barrier to entry is a crucial factor. Sanctions make the barrier low because competition is less fierce. However, it gives you a cushion that might slow down innovation if all that a country or society seeks is self-sufficiency.”

“Sanctions can limit your access to resources, and your belonging to an international community of peers, and this limits the resourcefulness of a company.”

Haykal is CEO of Transtek, founder and CEO of Haykal Media (Forward Magazine’s mother company), and president and co-founder of SYEA (The Syrian Young Entrepreneurs Association).

Syrian students banned from using supercomputer at KAUST University in Saudi Arabia

Syrian Students banned in KSA, Abdulsalam Haykal, Forward MagazineSyrian students denied academic access to IBM supercomputer at KAUST due to US sanctions

  • Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) honors US political restrictions over internationally-set academic freedoms and integrity

Damascus (October, 2009) –  The King Abdullah University of Science and Technology (KAUST), the new world-class research university in Saudi Arabia, has denied 15 students access to cutting-edge technology inside its premises due to sanctions against Syria.

Accordingly, KAUST’s breakthrough IBM supercomputer, called Shaheen (Arabic for falcon), will be allowed for all students from all nationalities except for Syrians. The Shaheen, one of 14-systems around the world and the largest in Asia by far, will be off-limits to Syrian students and researchers in what can be seen as a breach of academic freedom.

In a scoop editorial by Abdulsalam Haykal, CEO and publisher of Forward Magazine in Syria, the writer revealed: “It’s a shame that the 15 Syrian KAUST students are not allowed to use the Shaheen. Why? American sanctions had to be observed in the agreement between KAUST and IBM. Syrian students were told that it was not a KAUST decision, rather one that related to the state of affairs between the US and Syria.”

Haykal continued to say, “KAUST is then forced to bend to politics, and act against academic freedom.”

KAUST breach of academic integrity comes from the fact the Supreme Court of the United States has ruled on several occasions that, “[A university] can determine for itself on academic grounds, who may teach, what may be taught, how it should be taught, and who may be admitted to study.”

Forward Magazine, Syria’s leading English monthly and an offshoot of Haykal Media, announced early October it will be lobbying in US and Saudi circles arguing against such “unacceptable academic discrimination.”

Buy Shares in the Syrian Dream

By Abdulsalam Haykal, for the Common Ground News Service (CGNews). The original article can be viewed at http://www.commongroundnews.org/article.php?id=26077&lan=en&sid=1&sp=0&isNew=1#.

I spent summers as a young boy in Damascus, while my fellow Syrians were flocking to my coastal hometown of Tartous to savor the waters of the Mediterranean Sea. Despite the heat of Damascus, my summers there were always special.

The Damascene diversity was riveting. Every Friday morning, my grandfather let me tag along during his weekend ritual of shopping for antiques. We would stroll along Medhat Pasha, better known as the biblical Straight Street, moving slowly from one shop to another, eyeing the colored-glass vases, rubbing smooth brass plates and ogling intricate pearl-inlay chests.

Grandpa and I laughed a lot as we shopped for antiques. Some of our biggest belly laughs were with Jamil, an elderly Syrian Jew whose shop was near the Al-Efranj Synagogue, an active place of worship even today. We would stop by the monumental Umayyad Mosque, where the faithful gathered for Friday noon prayers. Inside the mosque, Grandpa once lifted me up to peer through the bars of a shrine said to contain the head of John the Baptist, known to Muslims as the Prophet Yahya.

My grandfather, Faisal Sabbagh, loved Damascus’s history. But he was not stuck in the past. When he was not out searching for antiques, Grandpa was a neurosurgeon who had trained at Columbia University and later established Damascus University’s neurosurgery department in 1949. The generations of medical doctors he taught still remember him as their role model.

My other grandfather is still vibrant at 93. A celebrated entrepreneur and a long-time community leader, I’m proud to be his namesake. He articulates his wisdom through witty poetry and fascinating stories, looking down at the prevailing patronizing attitudes. He teases my father about his passion for high-tech photography. Grandpa bought his first camera in France in the late 1920s, long before the era of digital cameras, and took photos of the National Boy Scouts, which he led in Tartous. He rejoices in his memories of the Scouts demonstrating against the French occupation more than 75 years ago, reminding me that all adversity comes to an end sooner or later.

Talk to young Syrians today and you will find that they often have similar family tales of history, tradition, resistance and innovation. Many have roots in far-flung corners of the world. Similarly, people around the globe can trace their roots to Syria, which was considered by some to be the geographic centre of the world, as well as the heart of the historic Silk Road connecting the Asian continent to Europe.

Many visitors confess that they feel “at home” in Damascus. That sense of belonging is due to an amusing anomaly: any visitor can find a Syrian who looks like them! We are a blend of cultures that triumphed over our ethnic and religious identities to form one nation. Yes, we have a distinct Arab identity and a rich Islamic culture. But we also have a powerful Christian heritage, a Mediterranean character, and a proximity to Europe.

Syria and its capital, Damascus, are sometimes themselves thought of as antiquities, remnants of an illustrious civilization that never quite made it to the present. But for the thousands of us born in the 1960s and 1970s, Syria is a very different nation than even a decade ago. We often feel we have an unprecedented opportunity to flourish.  We are committed to the rebirth of the “Syrian Dream”, empowered by a distinct sense of belonging and sense of duty.

Syria is an ancient nation propelled by a new, technology-savvy generation of young entrepreneurs. We have a vision of what we can be and have set the course to implement it. Countless people in government, civil society, business and the quiet heroes among ordinary citizens work hard against all odds, as we seek to be makers—and not only seekers—of peace. In a world as unstable as ours today, it makes sense to buy shares in this Syrian Dream!

At a recent World Economic Forum at the Dead Sea in Jordan, I, along with 200 young adults from around the world named as Young Global Leaders, shared our stories and plans for a better world. I had an opportunity to tell government officials, entrepreneurs and activists about the contemporary global perspective that now thrives in Syria, nurtured by a heritage that gives Syrians the confidence to advance into the 21st century.

At the Dead Sea, I also realized I was not just a proud citizen of Syria, but also a proud citizen of an ever-changing world–just as my grandfathers intended me to be.

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* Abdulsalam Haykal is a Damascus-based media and technology entrepreneur and a social activist. In 2009, he was selected to be one of 200 Young Global Leaders by the World Economic Forum. This article was written for the Common Ground News Service (CGNews).

Haykal Media’s Forward Magazine launches Syria Banker ’09 guide

Launch of Syria Banker '09 at the Dedeman Hotel on August 2, 2009 (Sunday), by Haykal Media's Forward Magazine

Launch of Syria Banker '09 at the Dedeman Hotel on August 2, 2009 (Sunday), by Haykal Media's Forward Magazine

Damascus, (SANA) – Haykal Media launched on Sunday at Dedeman Hotel the Syrian Banker ’09 guide by Forward Magazine. The supplement provides services to the market and clients such as retail loans, loans for companies and commercial facilitation in order to help finance trade and industry.

The supplement also contains information on Syria, banking activity and economic changes. The guide is written in English by Syrian writers, in addition to interviews with Syrian economists.

AUGUST 02, 2009

H. Sabbagh