Pearson Makes New Investments to Improve Learning Outcomes.

Pearson Affordable Learning Fund to invest additional $50 million to support education entrepreneurs
           
New Literacy Project seeks to improve literacy rates.
Dubai, UAE, 24 February 2015: Pearson, the world’s leading learning company, has announced two new initiatives to increase its support for better educational outcomes in the developing world.

Karim Daoud, Managing Director of Pearson in the Middle East says: “Pearson has announced new plans to invest $50 million (£33 million) in ventures that provide education to low-income learners in emerging markets, through the Pearson Affordable Learning Fund. Through the new $50 million investment, Pearson expects to reach millions of additional students and young people by 2020. In addition – by providing financial backing, good governance, and operational support to education entrepreneurs – the Fund aims to foster and scale innovation throughout Africa, Asia, and Latin America”.
The Fund launched in 2012 with $15 million of capital. It sets improvements in learning outcomes and market-based returns as conditions of continued investment. The Fund has already invested in innovative education start-ups in South Africa, Ghana, India, and the Philippines. Half of the fund is currently invested in companies with female CEOs.
In a further commitment to education in the developing world, Pearson is launching Project Literacy, a new social impact campaign to improve global literacy rates over the next five years. Despite The dramatic gains achieved in improving the literacy rates in countries such as the UAE, Qatar and Saudi Arabia, global levels of illiteracy have not improved since 2000. Today, nearly 800m people around the world cannot read and write.
Project Literacy will combine Pearson’s expertise in education with financial support from the company with the aim of accelerating improvements in literacy throughout the developing world. Pearson expects to announce its first Project Literacy partnerships in the first half of 2015.
Pearson chief executive John Fallon said: “Every parent wants the best possible education for their children. Yet, around the world, one in ten children don’t attend primary school because high-quality schools just aren’t available. The Pearson Affordable Learning Fund has already shown it is possible to address this challenge by making low-cost, high-quality schools and services accessible to parents in the developing world. We are tripling our investment in the Fund because we know that this approach works, and makes a transformative difference to lives across the world.
“Through our new investments and the Project Literacy campaign, our goal is to support entrepreneurs and campaigners who want to transform education for millions of students across the world.”
Katelyn Donnelly, managing director of the Pearson Affordable Learning Fund, said:
“The Pearson Affordable Learning Fund supports the brightest entrepreneurs aiming to transform education in the developing world. Our much-needed capital helps improve standards and push for scale to benefit those learners who are most in need of a world-class education.
“We believe that start-up culture can inject innovation and determination into some of the world’s toughest educational systems.”
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For further information, please contact:
Virtue PR & Marketing Communications
P.O Box: 191931
Dubai, United Arab Emirates
Tel: 00971 4 4508835
About the Pearson Affordable Learning Fund
The Pearson Affordable Learning Fund makes capital investments in for-profit companies to meet a burgeoning demand for high quality affordable education services in Africa, Asia and Latin America. The fund was launched in July 2012 with $15 million of initial Pearson capital. The fund invests in private companies committed to innovative approaches and improving learning outcomes for the poorest families in the world. For more information, please visit www.affordable-learning.com.
Current investments in Ghana, South Africa, India and the Philippines are summarised at:
http://www.affordable-learning.com/the-fund/investments.html#sthash.Kogw8lzM.Eu0I5mZY.dpbs
About Project Literacy
Project Literacy is a major new campaign convened by Pearson, dedicated to building partnerships and new action that can put reading within everyone’s reach, unlocking the potential of people, communities, society and whole economies.
By collaborating on literacy, organisations around the world can accelerate progress on this issue and achieve lasting impact on poverty.
To read more about the campaign and our activity at Davos, visit www.projectliteracy.com.
About Pearson:

Pearson is the world’s largest learning company, operating in more than 80 countries around the world, bringing powerful learning solutions to millions of learners every year. Pearson takes learning personally. Our courses and resources are available in print, online and through multi-lingual packages, helping people learn whatever, wherever and however they choose. Our education imprints combine 150 years of experience and include online support for every learner.  Our innovative and dynamic digital learning products and services are changing the learning landscape all around the globe and our qualifications are positively transforming the futures of learners of all ages and backgrounds.  Pearson can boast a comprehensive English Language offering that consists of engaging content and cutting edge testing solutions. To find out more, visit www.pearson.com.

HBMSU launches Innovation Arabia 8 with participation of international experts.

Under the Patronage of Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of the University
  
·       Farouk El-Baz discusses ‘Essence of Management: How best leadership practices inspire organizational excellence’
·       Conference to include high-level discussions to find creative and innovative solutions for Arab World’s sustainable development

[UAE, February 16, 2015] – Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of the Hamdan Bin Mohammed Smart University (HBMSU), H.E. Lieutenant General Dahi Khalfan Tamim, Chairman of the University’s Board of Governers opened today (Monday, February 16, 2015), the 8thedition of the Innovation Arabia 8 conference. The event features the high-level participation of the most prominent international experts, decision makers, and academics. Organized by HBMSU, the conference focuses on exploring the latest concepts and effective solutions that meet the needs of the Arab region’s overall development under four major tracks – Quality and Business Management, Health and Environment, e-Learning Excellence, and Islamic Banking and Finance.
The Innovation Arabia 8 conference, which is being held under the theme ‘Innovate, Collaborate and Differentiate: Honoring the Past, Treasuring the Present, and Shaping the Future,’ commenced its first session with discussions by the Committee of Experts. It was an interactive platform to explore innovative ideas to support the efforts to establish a firm ground to boost creativity to adopt knowledge economies in the Arab World. The concurrent sessions discussed a series of vital topics, including ‘Quality and Business Management: Exploring Synergies Leading Towards Innovation,’ ‘Promoting Innovative Health and Environmental Interventions,’ ‘Instructional Design and Technologies Towards Smart Learning,’ and ‘Islamic Banking and Finance: Carving an Edge for Competitive Advantage.’ 
The agenda for the first day included a keynote address by Dr. Farouk El-Baz, Director of the Center for Remote Sensing at Boston University, USA, about the ‘Essence of Management: How best leadership practices inspire organizational excellence.’ It covered Dr. El Baz’s observations of the best management practices in varied international organizations, including NASA, the Smithsonian Institution, Itek Corporation, and Boston University.
Participants were also addressed by Dr. Talal Abu-Ghazaleh, Founder and Chairman of Talal Abu-Ghazaleh Organization and Head of the International Advisory Board of the Conference and Professor Nabil Baydoun, Vise Chancellor for HBMSU’s Enterprise and University Advancement and President of the Innovation Arabia 8 conference.
The agenda of the second and third days will include addresses by elite of international, regional and local speakers, including Rudolf Strohmeier, Deputy Director-General of the European Commission’s Directorate-General for Research and Innovation who will discuss ‘Drivers for Sustainable Innovation Ecosystems’ and Gregory Watson, Former President of the International Academy for Quality who will deliver an address on ‘Insight Into Quality Management: From Hindsight to Foresight.’ In addition, the conference will also feature a discussion by Eng. Sobhi Batterjee, Founder, President and CEO of Saudi German Hospitals Group about ‘Leveraging Information Technology in Healthcare Industry.’ The list of keynote speakers also includes H.E. Hussain Al Qemzi, Chief Executive of Noor Investment Group and Noor Bank, and Dr. Alan Bruce, CEO and Director of Universal Learning Systems and Vice President of European Distance and e-Learning Network.
H.E. Lieutenant General Dahi Khalfan Tamim, Chairman of the University’s Board of Governers, said: “Innovation Arabia 8 is an ideal platform to enhance the international and regional cooperation in the field of innovation which is a mainstay towards a better tomorrow. The participation of the top-notch global academics, scholars and experts reflects the eminent reputation of the conference and strong confidence in HBMSU as a leading institution in promoting the quality of e-Learning and developing the culture of innovation and scientific research in the Arab World. We are confident that the high-level discussions will result in a group of innovative solutions for a sustainable development in the Arab world.”      
H.E. Lieutenant General Dahi Khalfan Tamim concluded: “HBMSU is committed to provide the synergies in order to explore new horizons to drive the economic and social development in the region through innovative means to meet the future requirements. Our focus is in line with our efforts to effectively contribute to the success of ‘Dubai Innovation Partners’ initiative that was launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum in order to improve the quality of life for the current and future generations.”   
The opening of Innovation Arabia 8 also includes the announcement of the winners for the ‘Feigenbaum Leadership Excellence Award.’ This year’s awardees include H.E. Dr. Mubarak Saad Al Ahbabi, Chairman of the Department of the President’s Affairs UAE, under the category of ‘Exceptionals;’ Mohammed Humaid Al Marri, Assistant CEO for Finance and Support Services, Mohammed Bin Rashid Housing Establishment, UAE, under the ‘Accomplishers’ categtory and Dr. Reem Osman, Chief Executive Officor, Saudi German Hospital – Dubai for the ‘Women Leaders’ category.
The winners of El-Baz Award for Excellence in Organizational Sustainability were honored in recognition of their success in their commitment towards social responsibility and development of organizational excellence. The list of winners includes the Dubai Municipality’s Drainage and Irrigation Network Department, and Emirates National Oil Company Ltd. (ENOC).
As part of its efforts to encourage research, innovation and leadership in ‘Total Quality Management,’ HBMSU granted Dr. Noor Al Maaitah, Assistant Professor at the Mutah University with The Harrington Award for the ‘Best PhD Thesis in Total Quality Management.’ The reward has a high importance of being a specific initiative in recognition of the effective contributions to disseminating the total quality management concepts in all parts of the world and enhancing the related scientific research.
The three-day conference of Innovation Arabia 8 will also discuss a series of policies and strategies present leading academic researches under its four major tracks. The agenda will also include holding interactive seminars, awards program, and meetings with prominent academics, decision makers, researchers, experts, representatives of international organizations, government agencies, and private sector organizations to discuss the latest emerging trends and major challenges in the current and coming days and develop appropriate solutions that meet the overall development needs in the Arab region.

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