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Unlocking Efficiency and Maximizing Growth with Expert HR Outsourcing Organizational development is a critical process for businesses seeking to improve their performance and efficiency. It involves activities such as improving the organizational structure, culture, and processes to increase productivity and profitability. One vital aspect of organizational development strategy is HR management, as human resources are the most significant asset of any company. Therefore, effective management of HR is essential for the success of the organization. One of the best ways to manage HR efficiently is by outsourcing it to HR outsourcing firms. HR Outsourcing: A New Aspect of Organizational Development …

Every Business Needs a Corporate Strategic Planning Process Corporate strategic planning is a process that helps organizations to define their direction and make decisions on allocating resources to pursue their objectives. This process involves the formulation of strategies, policies, and initiatives that will enable the organization to achieve its long-term goals. It’s a critical component of corporate strategy that helps organizations to stay competitive and adapt to changing market conditions. Benefits of Corporate Strategic Planning The benefits of corporate strategic planning are numerous. By setting clear goals and objectives, organizations can align their resources and efforts toward a common purpose. …

Explanation of Corporate Structure and Its Importance Corporate structure refers to the organization and arrangement of different departments, teams, and individuals within a company. It defines how tasks are assigned, how decisions are made, and how communication flows. A well-designed corporate structure is essential for achieving business goals, promoting efficiency, and enabling effective management. It helps to clarify roles and responsibilities, reduce conflicts, and streamline workflows. A clear corporate structure also facilitates strategic planning, resource allocation, and risk management. Overall, a strong corporate structure is crucial for achieving long-term success and ensuring sustainable growth for a company. Overview of The …

How Organizational Development Consultancy Can Help Your Business Thrive Organizational development consultancy is a crucial aspect of running a successful business in today’s ever-changing market. As organizations continue to evolve and grow, they require proper guidance and support to ensure their sustainability and growth. In this blog post, we will explore the importance of organizational development consultancy, its benefits, and how it can help your organization achieve its goals. What is Organizational Development Consultancy? Definition of Organizational Development Consultancy Organizational development consultancy is a process of identifying and addressing organizational challenges, enhancing communication and collaboration, developing strong leadership, and cultivating …

What Is An ExCom Formation & Why Is It Important? An executive committee is a subset of the board of directors that is composed of a smaller group of elected board members. The primary function of the executive committee is to address pressing issues that arise between regular board meetings. The executive committee convenes frequently, sometimes without prior notice, to deliberate on time-sensitive issues that have the potential to significantly impact the direction of the organization. In addition, the committee acts as an advisory panel to the board by offering counsel and suggestions on issues falling under its scope of …

The Saudi Exchange (Tadawul) Parallel Market (Nomu) saw extraordinary growth in new initial public offerings (IPOs) during the last year with 32 new businesses being welcomed to the market. This surge in IPOs in Saudi Arabia is indicative of the country’s efforts to diversify its economy and reduce its dependence on oil revenue. Let’s take a closer look at this development and what it means for investors. Nomu – Parallel Market Primary Goals and Objectives The Saudi Parallel Market Nomu was established with the aim of achieving two main objectives. An initial priority is to give companies an additional avenue …

Current Export Status in Egypt Egypt has had a negative trade balance for years, and increasing exports is a cornerstone of narrowing the current trade deficit. The initial devaluation and then floatation of the exchange rate in 2016 helped in improving the trade balance as a % of the GDP from -14.5% in 2015/16 to -12.8% in 2018/19. Yet, till now export competitiveness remains weak and export proceeds are well below those of peer countries & their historical average. Exports of goods and services in 2021 (11.1% of GDP) remain well below the level achieved in 2011 (20.5%). The current …

What’s Happening in Egypt? Why Is Egypt’s Currency Falling Faster than Previous Projections? It all comes down to 4 main reasons why the Egyptian currency is falling harder than ever; Growing Financing Gap, Rising Debts, Foreign Outflows, & New IMF loan) According to Fakhri Al-Feqi, head of the parliamentary planning and budget committee, Egypt’s financing gap amounts to about $25bn, of which $15bn are installments and debts due during the current year, and the rest is from the deficit in the balance of payments, which is largely due to the weakness of domestic savings, which represent only 13% of GDP. …

Before going through the IPO process, companies should ensure they have an effective internal control system, accounting standards, and corporate governance in place. This will help you move through the process smoothly and make it achievable in a shorter period of time. IPO Requirements in Saudi Arabia and the Effect on the Local Economy Saudi Arabia is the largest economy in the Middle East. With a population of over 30 million, it has a GDP of $1.56 trillion. Local companies will now be able to list their shares on the Saudi stock exchange TADAWUL by just paying a fee and …

How Will the Government Reduce the Import Bill and Maximize the Export Bill? The government signaled its focus on growing local manufacturing to limit Egypt’s imports. On the export side of the equation, Egypt is aiming to increase exports to USD 100 bn a year by 2025 as part of the government’s plan to increase the private sector’s role in the economy. Out of >6.8k import categories, the ministry shortlisted 4.8k industrial categories that are viable for local manufacturing.  These industrial categories cost us USD 60 bn in 2019 — or 85% of the year’s total import bill (USD 72 …