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Sustainable Business and Circular EconomiesA Revolution in Responsibility By Sidra Asif In a world grappling with the twin challenges of dwindling resources and escalating environmental crises, sustainable business practices and circular economies have emerged not merely as concepts but as imperatives. These interconnected paradigms challenge the traditional, linear approach to consumption and production, forging a path toward a future where economic growth and environmental stewardship coexist harmoniously. This article delves deeply into these concepts, exploring their significance, principles, and transformative potential. The Need for Sustainable Business Practices The Industrial Revolution marked the dawn of an era defined by resource extraction and consumption at unprecedented scales. While this paradigm fueled economic growth, it also left a trail of environmental degradation, resource scarcity, and social inequality. The linear economy characterized by the “take-make-dispose” model—operates on the assumption of infinite resources and limitless waste absorption, a premise that has proven unsustainable. Sustainable business practices offer a counter-narrative. They prioritize longevity, responsibility, and regeneration over short-term gains. At its core, sustainable business involves minimizing environmental impact, fostering social equity, and ensuring economic viability. This triple-bottom-line approach has become the cornerstone of modern corporate strategies, addressing not only regulatory pressures but also the growing consumer demand for ethical practices. Circular Economy: The Antidote to Linear Thinking The circular economy builds upon the foundations of sustainability, offering a systemic shift from linear to closed-loop systems. Unlike the linear model, a circular economy emphasizes retaining resources within the economy for as long as possible, extracting maximum value before recovering and regenerating materials. At its heart are three principles: 1. Designing out waste and pollution: Products and systems are crafted to eliminate waste at the design stage. 2. Keeping products and materials in use: Strategies like reuse, repair, refurbishing, and recycling extend product lifespans. 3. Regenerating natural systems: Circular economies aim to return nutrients to ecosystems and improve the natural environment. The circular economy redefines value, shifting focus from ownership to access, from consumption to functionality. Businesses adopting this model often leverage innovative technologies and new business models to thrive while conserving resources.  Key Elements Driving the Transition 1. Technological Innovation Emerging technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT) are pivotal to enabling circular economies. These tools enhance supply chain transparency, optimize resource usage, and track product lifecycles. For instance, IoT-enabled sensors in smart appliances allow predictive maintenance, reducing waste and improving efficiency. 2. Policy and Regulation Governments worldwide are enacting policies to foster circular economies. The European Green Deal, for instance, emphasizes resource efficiency, eco-design, and sustainable product regulations. In countries like Japan and the Netherlands, ambitious circular economy goals are steering industries toward systemic change. 3. Corporate Responsibility and Innovation Corporations like Patagonia, IKEA, and Unilever are leading the way by integrating circular principles. From take-back programs to designing for disassembly, these businesses are pioneering sustainable models that inspire industry-wide shifts. 4. Consumer Behavior A growing segment of consumers prefers products that align with their environmental values. Brands that communicate their commitment to sustainability often gain customer loyalty, demonstrating that ethical practices are a competitive advantage. Beyond Recycling: The Misconceptions of Circular Economies One common misconception is equating circular economies with mere recycling. While recycling is integral, it represents only one aspect of the broader framework. Circularity requires a fundamental rethinking of product design, supply chains, and business models. For example, a circular economy prioritizes “upstream interventions”. It focuses on reducing material inputs, improving energy efficiency, and adopting renewable resources rather than solely addressing waste management downstream. Concepts such as product-as-a-service (PaaS) and modular design exemplify how businesses can innovate beyond recycling. Circular Economy in Action: Real-World Case Studies 1. The Rise of Repair Cafés Communities worldwide are embracing the repair movement to combat planned obsolescence. Repair cafés provide spaces where individuals can mend household items, from electronics to clothing, fostering a culture of reuse and extending product life. 2. Loop: Revolutionizing Consumer Goods Loop, a platform launched by TerraCycle, reintroduces the milkman model for modern consumer goods. Customers receive products in reusable packaging, which is collected, cleaned, and refilled, drastically reducing single-use plastics. 3. Philips and Circular Lighting Philips’ “lighting-as-a-service” model demonstrates the power of circular design. Rather than selling light fixtures, Philips provides lighting solutions as a service. This approach incentivizes the company to design long-lasting, energy-efficient products while retaining control over end-of-life disposal. The Economic Case for Sustainability and Circularity Critics often argue that adopting sustainable and circular practices imposes financial burdens. However, evidence increasingly suggests the opposite. Circular economies create economic value by reducing costs associated with raw materials, waste management, and energy consumption. Moreover, these models unlock new revenue streams through innovative services and market differentiation. For instance, a 2018 study by the Ellen MacArthur Foundation estimated that transitioning to a circular economy in Europe alone could generate €1.8 trillion in economic benefits by 2030. Similarly, businesses that embrace sustainability often outperform their peers in long-term financial metrics, showcasing the resilience of ethical practices. Challenges and Barriers to Adoption Despite its promise, transitioning to a circular economy is not without hurdles. 1. Systemic Inertia: Existing linear supply chains are deeply entrenched, requiring significant investment to overhaul. 2. Regulatory Complexity: A lack of standardized policies and fragmented regulations complicates implementation. 3. Cultural Resistance: Changing consumer behavior and industry mindsets remains a formidable challenge. 4. Technological Gaps: While technology plays a key role, access to cutting-edge solutions can be a barrier for small and medium-sized enterprises (SMEs). Addressing these challenges requires collaboration across governments, industries, and communities, alongside substantial investment in education, infrastructure, and innovation. Looking Ahead: The Role of Collaboration The transition to sustainable business models and circular economies cannot occur in silos. Partnerships among stakeholders—corporations, governments, non-profits, and academia are essential. Initiatives like the Ellen MacArthur Foundation’s CE100 network exemplify how cross-sector collaboration can drive large-scale change.Moreover, education plays a crucial role in equipping the workforce of tomorrow with the skills and mindset needed to thrive in a circular economy. Universities and institutions must integrate circularity

Lubna Suliman Al OlayanDubai Fashion Week’s core highlights By Desk Reporter Lubna Suliman Al Olayan stands as an emblem of transformation and progress in the Arab business landscape, leaving an indelible mark on Saudi Arabia’s economy and beyond. Born into the illustrious Olayan family, she was exposed early to the intricate dynamics of commerce and its capacity to drive societal change. Her leadership at Olayan Financing Company (OFC) has been pivotal in advancing Saudi Arabia’s economic diversification, aligning with the goals of Vision 2030. Lubna broke barriers in 2004 when she became the first woman to join the board of a Saudi publicly listed company, a momentous step toward gender inclusion in the region. She later cemented her influence as the first chairwoman of a Saudi bank, leading the Saudi British Bank (SABB) after its merger with Alawwal Bank, making it the third-largest bank by assets in Saudi Arabia. Under her stewardship, SABB has aimed to become a hub for modern banking while fostering opportunities for Saudi men and women in alignment with the Kingdom’s development goals. Educationally grounded with a Bachelor’s degree from Cornell University and an MBA from Indiana University, Lubna’s academic foundation has complemented her professional acumen. Her early career at Morgan Guaranty in New York provided valuable international experience before she returned to Saudi Arabia to contribute to her family’s conglomerate. Beyond her corporate accomplishments, Lubna is an advocate for societal change, focusing on youth empowerment, gender equality, and entrepreneurship. Her leadership at Alfanar, the first venture philanthropy organization in the Arab world, highlights her commitment to social impact. Alfanar has supported initiatives in education, capacity building, and community development, uplifting marginalized groups across the region. Her philanthropic vision underscores the importance of private sector contributions to societal welfare. Lubna’s belief in fostering dialogue to build cultural bridges reflects her nuanced understanding of Saudi Arabia’s heritage as a cornerstone for global connections. Her personal ethos emphasizes inclusion, respect, and lifelong learning as essential pillars for leadership. Her contributions to business and society have earned her global recognition, including being consistently listed among the most influential women in the world. Lubna’s unwavering dedication to creating a more inclusive and progressive Arab world continues to inspire, setting a benchmark for future generations of leaders.

Mohammed Hussein Al-Amoudi A Legacy of Vision and Integrity By Desk Reporter Mohammed Hussein Al-Amoudi, born in Dessie, Ethiopia, to a Yemeni-Saudi father and an Ethiopian mother, is a prominent business tycoon and one of Africa’s wealthiest individuals. His mixed heritage played a pivotal role in shaping his worldview, blending diverse cultural values and traditions that have influenced his approach to business and philanthropy. Al-Amoudi’s extensive business empire spans multiple industries, including oil, mining, agriculture, real estate, and hospitality, primarily operating through his conglomerates Corral Petroleum Holdings and MIDROC (Mohammed International Development Research and Organization Companies). Al-Amoudi’s entrepreneurial journey is marked by his keen ability to identify opportunities in developing markets. In Ethiopia, his transformative contributions to agriculture have revolutionized the sector, introducing modern farming techniques that have enhanced productivity and food security. His ventures in the energy sector, including refining and distribution networks, have bolstered regional infrastructure, supporting economic growth and stability. Beyond Ethiopia, Al-Amoudi’s business activities extend to other parts of Africa, the Middle East, and Europe, cementing his reputation as a global investor. Philanthropy is a cornerstone of Al-Amoudi’s vision, reflecting his commitment to uplifting underserved communities. His charitable contributions include funding healthcare initiatives such as cancer treatment facilities, maternal health programs, and the construction of hospitals and clinics in Ethiopia and Saudi Arabia. In education, he has supported the development of schools and vocational training centers, empowering individuals with the skills needed to thrive. These efforts underscore his dedication to fostering long-term societal development and peace. Despite his many accomplishments, Al-Amoudi has faced challenges, including his 2017 detention during Saudi Arabia’s anti-corruption crackdown. His release in 2019 highlighted his resilience and the strength of his global network. These experiences reinforced his commitment to economic stability and sustainable development in the regions where he operates. Al-Amoudi’s business philosophy centers on sustainability and empowerment. He emphasizes responsible resource utilization and prioritizes creating local job opportunities, fostering communal growth. His ventures align with his deep cultural ties to Ethiopia and Saudi Arabia, blending respect for tradition with forward-thinking innovation. His investments often focus on improving lives while maintaining a balance between economic growth and environmental responsibility. As a visionary leader, Mohammed Al-Amoudi’s life is a testament to the transformative power of strategic investment and philanthropy in shaping nations. His dedication to his heritage and his progressive outlook have driven significant global impact. Through his story, he inspires others to harness their resources and influence to create meaningful change, showing how a blend of cultural respect and innovative practices can foster progress and unity across borders.

Sulaiman Abdul Aziz Al RajhiThe Humble Visionary Who Revolutionized Islamic Banking And Redefined Philanthropy By Desk Reporter S ulaiman Abdul Aziz Al Rajhi’s life story is an inspiring example of perseverance, faith, and extraordinary impact. Born in 1929 into a humble Saudi family, he faced challenging circumstances early in life. At just 12 years old, he worked as a palm date collector for six Saudi Riyals per month and later took on various low-paying jobs, including being a porter, waiter, and kerosene wholesaler. His entrepreneurial journey began when he launched a small grocery shop to fund his marriage expenses, later selling it to venture into currency exchange in 1970. This laid the foundation for his groundbreaking financial empire.  In 1957, Al Rajhi co-founded Al Rajhi Bank, which would grow into the world’s largest Islamic lender. Guided by Islamic principles, he championed interest-free banking, a revolutionary idea at the time. This commitment to ethical finance faced resistance initially but ultimately led to the global acceptance of Islamic banking systems, influencing financial policies in countries like Malaysia and the UK. His work not only redefined banking but also established a blueprint for ethical financial practices.  Al Rajhi’s business philosophy extended beyond banking. He diversified into agriculture with Al-Watania Poultry, one of the world’s largest halal and organic food producers, promoting sustainability and food security. His projects emphasized environmental responsibility and adhered to Islamic values of ethical consumption. A devout philanthropist, Sulaiman committed much of his wealth to societal betterment.  In 1983, he formalized his charitable activities through the Sulaiman Al Rajhi Charitable Foundation, which supports education, healthcare, and poverty alleviation initiatives across Saudi Arabia. Notably, in 2011, he transferred a significant portion of his wealth, including 20% of Al Rajhi Bank’s shares, to a waqf (endowment) to sustain these initiatives. His charitable endowment is considered one of the largest in Islamic history.  Despite his vast wealth, Al Rajhi led a remarkably modest life. He believed in frugality and ensured his lifestyle remained simple, focusing on generosity and the welfare of others. When asked about his personal wealth, he stated that he had retained nothing for himself, relying on the waqf for basic needs, a testament to his humility and commitment to faith.  Sulaiman Al Rajhi’s legacy is a testament to how faith, hard work, and visionary thinking can create profound change. Through his pioneering efforts in Islamic finance, sustainable business practices, and philanthropy, he not only transformed industries but also inspired a generation to blend enterprise with ethical responsibility. His family continues to uphold his values, ensuring that his mission of empowering communities and fostering societal progress endures.

Lobna Helal Dubai Fashion Week’s core highlights By Desk Reporter Lobna Helal’s journey in the financial sector is a testament to her leadership and dedication to advancing Egypt’s economy. Her appointment as Deputy Governor of the Central Bank of Egypt (CBE) marked a historic milestone, making her the first woman in this position. Recognized by Forbes as one of the most powerful Arab women, Helal has played an integral role in shaping Egypt’s financial landscape, particularly through her contributions to banking reforms and monetary stability.  Helal’s career at the CBE began in 2004, transitioning from the private sector, where she had an investment banking background. She was instrumental in implementing a comprehensive two-phase banking sector reform program, which strengthened Egypt’s financial institutions. During her tenure as Deputy Governor, she focused on monetary stability, ensuring price stability and confidence in the Egyptian pound’s value. This leadership role not only solidified her influence within Egypt but also enhanced the global reputation of the CBE.  Her advocacy for financial inclusion has been particularly impactful. Helal has championed initiatives to empower women and underserved populations, aligning financial access with sustainable development goals. Notably, she has supported small and medium enterprises (SMEs) by developing frameworks that improve their access to financial resources, recognizing these businesses as pivotal drivers of economic growth.  Beyond her technical expertise, Helal is a vocal proponent of gender equality in the banking sector. She has prioritized creating a gender-sensitive infrastructure within the CBE, including leadership programs designed to mentor and promote women to executive positions. Her role as Vice Chair of the Gender and Women Financial Inclusion Committee under the Alliance for Financial Inclusion underscores her international commitment to empowering women financially and professionally. Helal’s achievements extend beyond Egypt. Her active participation in global forums has placed her as a significant figure in the conversation around women’s roles in the financial sector. She has consistently highlighted the importance of blending modern financial practices with traditional values, fostering a financial ecosystem that respects Egypt’s cultural heritage while embracing innovation.  A proud alumna of the American University in Cairo (AUC), Helal credits her success to a robust educational foundation and mentorship from influential professors. Her academic journey in political science and economics laid the groundwork for her dual focus on technical excellence and leadership. She has often acknowledged the role of supportive leaders and her family, particularly in balancing the demands of a high-profile career and personal life.  Lobna Helal’s inspiring journey has not only broken barriers for women in Egypt but has also set a precedent for future generations. Her vision of a more inclusive, resilient financial system, combined with her unwavering commitment to gender equality, ensures her lasting legacy as a trailblazer in the Arab world and beyond.

Al Jaber Mohamed Bin IssaA Legacy Of Vision And Integrity By Desk Reporter Mohamed Bin Issa Al Jaber is a prominent entrepreneur and philanthropist whose contributions extend far beyond business into education, culture, and societal development. His entrepreneurial journey began with the founding of MBI International, a multinational conglomerate spanning hotels, energy, and real estate. The group’s hospitality division, JJW Hotels & Resorts, has built a strong presence in Europe and the Middle East, showcasing his acumen for strategic growth and innovation. This success reflects his vision of integrating high-quality services with cultural diversity, catering to an international clientele. As the founder of the MBI Al Jaber Foundation, Al Jaber has dedicated significant resources to advancing education and fostering cross-cultural understanding. The foundation provides scholarships for Arab students to study at leading Western institutions, empowering a new generation to contribute to global society. It also supports diverse educational and cultural initiatives, such as promoting artistic endeavors, preserving cultural heritage, and sponsoring international exchange programs. Al Jaber firmly believes education has the transformative power to drive social and economic progress, bridging gaps between communities and nations. Al Jaber’s philanthropic work is characterized by his unwavering commitment to transparency and social responsibility. His foundation has supported various prestigious institutions, including the London Middle East Institute at SOAS and multiple programs at the University of Oxford, demonstrating his belief in collaboration between the Arab world and the West. Noteworthy initiatives include funding journalism training in Yemen and facilitating platforms for Israeli and Palestinian students to engage in constructive dialogue in London. These projects underscore his dedication to peacebuilding and fostering mutual understanding. Beyond his philanthropic ventures, Al Jaber serves as a UNESCO Special Envoy for Education, Tolerance, and Cultures, a role that amplifies his advocacy for advancing technology, education, and cooperation in the Arab world. His accolades, including numerous honorary degrees and international awards, reflect the global recognition of his efforts in driving economic development, empowering education, and promoting cultural exchange. His legacy stands as a testament to how one individual’s vision and dedication can inspire progress and unity across borders.

RAJA EASA AL GURG Dubai Fashion Week’s core highlights By Desk Reporter Raja Easa Al Gurg, an icon of leadership and innovation in the UAE, continues to inspirewith her multifaceted contributions to business, education, and female empowerment. As the Chairperson and Managing Director of the Easa Saleh Al Gurg Group, she has grown the company into a diversified conglomerate spanning industries like retail, real estate, and manufacturing.   Her leadership style emphasizes authenticity and resilience, themes she explores in her latest book, The Power of Authenticity: Three Principles of Leadership Success. Through this book, Al Gurg shares lessons from her journey, from her early career in education to her rise as a global business leader, advocating for leveraging personal authenticity in leadership to drive success.  Beyond her corporate role, Al Gurg is a champion of women’s empowerment. As the founder and President of the Dubai Business Women Council, she has cultivated platforms for strategic education, training, and networking, helping to dismantle barriers for women in business. Her advocacy extends to global forums like the Arab International Women’s Forum, underscoring her dedication to increasing female participation in economic activities, which she views as essential for national progress.  Education remains central to Al Gurg‘s vision. She serves on the boards of several academic institutions. including the University of Dubai and the c Smart University. Her initiatives often focus on equipping youth with the skills needed in a rapidly evolving world, emphasizing mentorship as a tool to nurture the next generation of leaders. Her honorary doctorate recognitions from Queen’s University Belfast and Amity University further highlight her impact in this domain.  Al Gurg is equally committed to philanthropy. As Chairperson of the Al Jalila Foundation and active in the Easa Saleh Al Gurg Charity Foundation, she has education. Her leadership in these organizations reflects her dedication to fostering a culture of giving back.  Culturally, Al Gurg seamlessly blends Emirati heritage with modern practices. Her autobiography, Raja Al Gurg: An Autobiography, recounts her journey as a trailblazing Muslim woman in business, emphasizing how cultural values can coexist with global best practices. Her efforts have earned her recognition as one of Forbes Middle East’s most powerful businesswomen, cementing her legacy as a visionary leader.  Dr. Raja Easa Al Gurg’s life exemplifies how authenticity, commitment to education, and advocacy for inclusivity can drive societal and economic progress, making her an enduring role model both regionally and internationally.

The Legacy of Ibtihaj Al-Ahmadani By Tsnim Saddig A Journey of Innovation As the warm sun rose over the city of Al-Madina, casting its golden light across a bustling metropolis, Ibtihaj Al-Ahmadani stood on the balcony of her company’s headquarters. The view below mirrored her journey — a blend of tradition and progress, humility and ambition. From her early days in a quiet village to her current status as a global pioneer, Ibtihaj’s story is one of courage, vision, and relentless determination. Born into modest beginnings on the outskirts of Al-Madina, Ibtihaj’s curiosity and drive to challenge convention set her apart from an early age. Growing up, she was fascinated by how innovation could solve everyday problems and transform lives. With limited resources but boundless imagination, she began dreaming of a future where technology could bridge gaps and create opportunities for all. After years of hard work and study, Ibtihaj launched her tech startup — a venture driven by creativity, cutting-edge technology, and user-centric designs. From humble beginnings, her company rapidly gained traction, redefining industry standards and revolutionising how people interacted with digital platforms. What began as a modest idea blossomed into a global powerhouse, earning her accolades for her visionary leadership and innovation. Yet, amid her meteoric rise, Ibtihaj never lost touch with her roots. Her values, deeply rooted in community and compassion, guided her every decision. She established scholarship funds to support underprivileged youth, created mentorship programmes to foster the next generation of leaders, and introduced initiatives to encourage young entrepreneurs to embrace risk and creativity. One particularly memorable moment came when a budding entrepreneur approached Ibtihaj, seeking advice. She recognised a reflection of her younger self in the aspiring innovator and took them under her wing, sharing her insights and challenges. For Ibtihaj, the real measure of success wasn’t just in her company’s growth but in the legacy of inspiration she left behind. Over the years, her impact extended beyond the world of technology. With a growing awareness of sustainability, Ibtihaj spearheaded eco-conscious initiatives within her company, integrating renewable energy solutions and promoting a circular economy model. She became a vocal advocate for balancing profitability with responsibility, urging others in the business world to adopt ethical practices that prioritised the planet. Her efforts to blend innovation with sustainability earned her invitations to global forums, where she shared her vision for a more inclusive and environmentally conscious future. As she stood before world leaders and changemakers, her message was clear: true progress lies in aligning values with action, and success must serve the greater good. Today, the name Ibtihaj Al-Ahmadani resonates as a symbol of innovation, integrity, and empowerment. Her legacy lives on, not only in the products she pioneered but in the countless lives she touched. From the heart of Al-Madina to far-reaching global communities, her journey continues to inspire. As the sun set on another day in Al-Madina, Ibtihaj stood once more on her balcony, her gaze fixed on the horizon. For her, the future was not a distant concept but an open canvas, waiting to be painted with new ideas, opportunities, and solutions. In her heart, she knew her story — of leadership, purpose, and compassion — had only just begun.

Prince Alwaleed Bin Talal AlsaudVisionary of Global Philanthropy and Progress By Desk Reporter Born in 1955 into the Saudi royal family, Prince Alwaleed Bin Talal Alsaud is the grandson of both King Abdulaziz, the founder of modern Saudi Arabia, and Riad Al Solh, Lebanon’s first Prime Minister. This dual heritage shaped his worldview, blending Saudi traditions with Lebanese multiculturalism. Educated in the U.S., he earned a bachelor’s degree in Business Administration from Menlo College and a master’s degree in Social Science from Syracuse University. These experiences influenced his global outlook and ambitious approach to entrepreneurship and philanthropy. Prince Alwaleed is renowned for building one of the most successful investment empires in the world. Through Kingdom Holding Company, he invested in industries such as hospitality, banking, and media, with stakes in iconic brands like Citigroup, Apple, and Twitter. His business acumen transformed him into one of the wealthiest individuals globally, but he is equally noted for his humanitarian endeavors. Prince Alwaleed’s ideology centers on economic empowerment, intercultural dialogue, and social justice. His belief in using wealth as a tool for global betterment reflects Islamic values, particularly the principles of charity and Zakat. He emphasizes the importance of bridging cultural divides and fostering understanding between civilizations, an effort he supports through initiatives like the Alwaleed Islamic Studies Program at Harvard University. This program promotes interdisciplinary research on Muslim societies to deepen cross-cultural understanding. A staunch advocate for global peace, Prince Alwaleed views economic development as a pathway to stability. Through Alwaleed Philanthropies, he has spent over $4 billion on projects in 189 countries, focusing on women and youth empowerment, disaster relief, poverty eradication, and cultural exchange. His work aims to build a more tolerant world by fostering mutual respect across religious and cultural boundaries. This is epitomized in his support for projects that combat extremism and celebrate diversity. Prince Alwaleed’s contributions go beyond business and philanthropy; he has become a symbol of modernization within the Arab world. By aligning traditional Islamic values with contemporary global challenges, he advocates for progress that respects cultural roots. His vision for the future is one where economic opportunity and cultural harmony lead to sustainable peace.