Yunus on social business in Sharjah meet

By IANS/WAM:

Sharjah : Nobel laureate Muhammad Yunus, the founder of Bangladesh’s Grameen Bank, met the ruler of Sharjah in the United Arab Emirates (UAE) Wednesday and discussed economic and social development issues.

Sheikh Sultan bin Mohammed Al Qasimi received Yunus at the University of Sharjah.

Yunus is to be the keynote speaker at the International Conference on Excellence in Business, organised by the College of Business Administration in Sharjah May 9-10.

During the meeting, Sheikh Sultan was briefed about Yunus’s Grameen Bank, which he started in his village in Bangladesh with an investment of only $27.

What is SOCIAL BUSINESS?

Professor Muhammad Yunus discussed in his speech the new business theme known as, “Social Business.”

A total of 171 scholars, from across the world, submitted research papers for consideration to be presented at the conference. After careful review, approximately 75 scholars from 20 different countries were selected to present their research on various issues in the fields of business and economics.

Harvard University professor, James Robinson, delivered the  keynote speech to conclude the conference entitled, “Why Nations Fail.” The conference received global attention and was covered by the media worldwide.

On the sidelines of the conference, Professor Samy A. Mahmoud, Chancellor of the University of Sharjah, met with Professor Muhammad Yunus, and discussed the distinguished efforts of Professor Yunis in the area of socio-economic development from which millions around the world have benefitted.

They further discussed the concept of microcredit, a concept originated by Professor Yunus, and Grameen Bank, which he established and is known worldwide.

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