G20 Ministerial Meeting Stresses Promotion of Economic Growth Through Education

The G20 Ministers of Education meet under the G20 Saudi Presidency. Photo: G20 Saudi Arabia Twitter Account
The G20 Ministers of Education meet under the G20 Saudi Presidency. Photo: G20 Saudi Arabia Twitter Account
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G20 Ministerial Meeting Stresses Promotion of Economic Growth Through Education

The G20 Ministers of Education meet under the G20 Saudi Presidency. Photo: G20 Saudi Arabia Twitter Account
The G20 Ministers of Education meet under the G20 Saudi Presidency. Photo: G20 Saudi Arabia Twitter Account

The Education Ministers of the Group of 20 major economies have committed during a virtual meeting under the G20 Saudi Presidency in enabling all people to realize the opportunities of the 21st century.

The ministers reaffirmed their “commitment to ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all.”

A statement issued by the Saudi G20 Secretariat on Saturday said that the conferees encouraged international collaboration and the sharing of best practices to advance education systems in the world.

“In this way, we will contribute to broader aims, including reducing poverty and inequality; promoting inclusive and sustainable economic growth; advancing access to quality education for all, especially girls, and empowering women, youth and vulnerable groups.”

The ministers highlighted “the importance of improving access to quality Early Childhood Education (ECE) as a foundation for the development of current and future generations and as a fundamental part of promoting equity and inclusion in education and encouraging lifelong learning.”

“We recognize the value of fostering internationalization in education as a means of improving the quality of education at all levels and cultivating global citizens who are prepared for an increasingly interconnected world,” the statement quoted them as saying.

The ministers encouraged the development of policies and measures to support the continuity of education while prioritizing the health and safety of students, teachers and parents during the pandemic.

They also stressed the importance of research and data to assess the learning outcomes and quality of distance learning.



Bahrain’s Investcorp Announces Major Changes in its Executive Team

Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
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Bahrain’s Investcorp Announces Major Changes in its Executive Team

Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)

Bahrain’s Investcorp, a leading global alternative investment firm, announced on Monday a major change in its executive leadership team, saying that co-CEO Hazem Ben-Gacem will leave after 30 years as the company embarks on a major management reshuffle in an effort to boost returns.

In a statement, Investcorp said co-CEO Rishi Kapoor had been appointed vice chairman and chief investment officer while Executive Chairman Mohammed Alardhi would assume additional responsibilities previously undertaken by the co-CEOs.

The group has more than $52 billion in assets under management and is known for taking luxury brands public.

Ben-Gacem will leave Investcorp effective Nov. 1, but will continue as vice chairman of investment unit Investcorp Capital, the company said.

As part of the shake-up, Investcorp said it had consolidated and organized its investment activities in three units.

Dave Tayeh is taking the helm of Private Equity and Private Equity like, Herb Myers and Mike O'Brien will be in charge of Real Assets, and Jeremy Ghose will lead the Credit business.

Yusef Al-Yusef will be leading the Global Distribution Platform.

Mohammed Alardhi, Executive Chairman at Investcorp, said: “As we increase our focus on leveraging the strength of our existing investment platform, we recognize it is the right time to broaden our executive leadership to support our future growth plans.”

“Rishi and Hazem have helped lead our business from strength to strength in the last several years after we launched our growth journey,” he added.