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On this file with regards to focus and guide our efforts entrepreneurship, innovation and leadership.
ANNUAL REPORT
2009
2010
THE YEAR IN REVIEW
Within the School............................18
The Launch
New Initiatives
Awards and Honors
Student Scholarships
Within the University......................54
Collaboration within AUC
AUC Student Clubs with School of
Business Advisers
Student Internships Initiated by the
School of Business
Portal to the World..........................68
Agreements and Partnerships
Faculty Participation in Local, Regional and
International Events
Student Exposure
Visits by International Students
Distinguished International Visitors and Events
THE SCHOOL OF BUSINESS........6
Message from the Dean
Mission, Vision and Departments
The School of Business in Brief
Accreditation
contents
table of
STATISTICS.............................126
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The School of Business: Annual Report 2009 - 2010
7
MESSAGE FROM THE DEAN
A
s many of you know, this past year has witnessed the launch of the
newly structured School of Business at AUC’s state-of-the-art New Cairo
campus.
While AUC was settling in its new home, the School of Business was already
busy working on a multitude of new initiatives. We selected three main pillars
to focus and guide our efforts: entrepreneurship, innovation and leadership.
These pillars represent the skills with which we wish to empower our students.
The adoption of such a distinctive three-tier thematic approach builds on many
years of development, continuous improvement and dedication by different
constituents of the school. The three pillars are timely qualities that complement
each other and that we believe are necessary for business and socioeconomic
development at the individual, organizational and national levels.
It all began in Fall 2009 when the American University in Cairo restructured
the existing School of Business, Economics and Communication, which was
established in 1993, to create the ?rst dedicated School of Business in the
region, building on its success as the regional leader in business education and
research. A series of inaugural events were scheduled in February 2010 to mark
the opening of the new School of Business and to coincide with AUC’s Board of
Trustees annual meeting in Cairo.
One of the highlights of the year is the effort by the school to establish
an interdisciplinary Entrepreneurship and Innovation Program (EIP).
The program involves working with relevant stakeholders within AUC
and the community. The program represents a commitment to our
mission “to create an environment that fosters the development of
principled and innovative business leaders and entrepreneurs who
can make a difference” by developing human-resource capacities
to build value and create prosperity in Egypt, the Arab and African
regions, and around the world. As we believe that moving forward is a
vital need for development, the school will not only focus on its region,
but will be looking east and south as well.
With dedicated faculty and staff members, the School of Business
provides world-class education for degree-seeking and nondegree
students, and is keen to build and maintain strong international
partnerships with top education providers worldwide. With the
engagement and support of our alumni and friends, the school can
pioneer in offering an innovative and dynamic learning environment
that stands out as the model for business education in this part of the
world while focusing on excellence in teaching, research and service.
The ?rst year for me as dean of the School of Business has been
both challenging and inspiring. Although we are aware that different
challenges will arise, we are clear about our vision and determined
about our mission. I am proud of what we have achieved this year
–– which builds on years of development, progress and continuous
improvement –– empowered by AUC visionary leadership, led by a
team of distinguished faculty, administered by a group of experienced
staff members and supported by dedicated constituencies including
alumni, students, advisory board members and friends who believe
in the educational mission shouldered by AUC’s School of Business.
I am happy to provide you with a Year in Review in this annual report,
which I hope you will enjoy reading.
Finally, I would like to express my sincere gratitude to everyone who
has put effort and support for advancing the School of Business, and
I look forward to further cooperation in the years to come.
Sherif Kamel
August 2010
THE SCHOOL OF BUSINESS
Our Vision
The School of Business sees itself becoming
globally recognized as the leading
business school connecting
the region and the world
Our Mission
The School of Business strives to create an
environment that fosters the development of
principled and innovative business leaders and
entrepreneurs who can make a difference
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The School of Business: Annual Report 2009 - 2010
11
THE SCHOOL OF BUSINESS
SCHOOL OF BUSINESS
DEPARTMENTS
EXECUTI VE EDUCATI ON
CENTERS
Management Center (MC)
Citadel Capital Financial Services Center (CCFC)
Women’s Entrepreneurship and Leadership Program (WEL)
International Executive Education Institute (IEEI)
Economics
Management
Accounting
ADVI SORY BODI ES
Dean’s Strategic Advisory Board (SAB)
Council of the School of Business (CSB)
Entrepreneurship and Innovation Council (EIC)
CENTERS
Business Computer Center (BCC)
Access to Knowledge for Development Center (A2K4D)
El-Khazindar Business Research and Case Center (KCC)
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The School of Business: Annual Report 2009 - 2010
13
SCHOOL OF BUSINESS IN BRIEF
UNDERGRADUATE PROGRAMS
The Department of Economics was established in 1947
as the ?rst economics department in Egypt.
The Department of Management, which was established
in 1972, is a regional leader in business education.
The Department of Accounting, which was established
in 2009, ensures that students master thebasic
knowledge and general understanding of accounting
principles covering ?nancial, managerial and
cost accounting.
GRADUATE DEGREE PROGRAMS
The Master of Arts in Economics, which was
established in 1966, intended for students who wish
to acquire graduate-level skills in economic analysis
and relevant quantitative techniques.
The Master of Economics in International
Development, which was established in 2004, is
especially designed for students who wish to acquire
in-depth understanding and knowledge in the ?eld
of development.
The Economics in International Development graduate
diploma, which was established in 2004, is designed
for students who wish to gain a basic understanding
and knowledge of development, but who do not intend
to obtain a master’s degree.
Master of Business Administration (MBA), which
was established in 1983, is a professional degree
designed to prepare students who have completed
undergraduate work in any academic discipline and
intend to pursue a management career.
EXECUTIVE EDUCATION
In 1977, the Management Center (MC) was
established, offering the latest management
concepts and techniques. The volume, diversity
and transformation of its professional training and
development programs have regularly catered for
growing and changing needs in the marketplace, both
in Egypt and the region.
In 2006, the Citadel Capital Financial Services Center
(CCFC) was established. The center is the ?rst of its
kind in the Middle East to offer students, researchers
and professionals a state-of-the-art instructional
facility that integrates hands-on ?nancial services
practice with classroom ?nancial concepts.
In 2008, the Women’s Entrepreneurship and Leadership
Program (WEL) was established as part of the Goldman
Sachs global initiative, providing 10,000 underserved
women with a business and management education.
In 2008, the International Executive Education
Institute (IEEI) was established to be the leading
regional platform for world-class executive education
and networking.
RESEARCH AND CASE CENTERS
El-Khazindar Business Research and Case Center
was established in 2007 and is the ?rst case center
in Egypt that serves students, faculty, industry
professionals and training corporations by providing
them with high-quality cases and business research
on the Middle East and North Africa region.
The Access to Knowledge for Development Center
was established in 2010 as a center for academic
scholarship, research and policy analysis on access to
knowledge for development in Egypt and the Arab world.
THE SCHOOL OF BUSINESS
14
The School of Business: Annual Report 2009 - 2010
15
THE SCHOOL OF BUSINESS
Association to Advance Collegiate Schools of Business
In 2006, the School of Business of the American University in Cairo received accreditation from the Association
to Advance Collegiate Schools of Business (AACSB) International. It is the world’s most widely recognized and
sought-after endorsement for business programs. It tells prospective students, faculty members and employers
that an accredited school produces graduates who are prepared to succeed in the business world –– a clear
indication of the international quality of a degree from AUC.
AUC’s School of Business is one of only ?ve percent of all business schools in the world that meet the rigorous
standards for accreditation by the AACSB (Only 596 member institutions are accredited by AACSB). It is one of
120 business schools outside the United States that are accredited by AACSB.
European Foundation for Management Development
The School of Business is af?liated with the European Foundation for Management Development (EFMD), an
international membership organization based in Brussels, Belgium. With more than 700 member organizations
from various ?elds including academia, business, public service and consultancy in 82 countries, EFMD
provides a unique forum for information, research, networking and debate on innovation and best practice in
management development. EFMD is recognized globally as an accreditation body of quality in management
education and has established accreditation services for business schools and business-school programs,
corporate universities and technology-enhanced learning programs. The School of Business is working toward
acquiring EQUIS accreditation, which is linked to the EFMD mission.
ACCREDITATION
AUC holds institutional accreditation from the Commission on Higher Education of the Middle States Association
of Colleges and Schools in the United States (MSCHE /Middle States).
Institutional accreditation status is granted by Middle States for a period of ten years, with a mid-way periodic
review. AUC’s most recent reaccreditation was granted by the Commission of MSCHE on June 26, 2008. The
accreditation status was reaf?rmed subsequent to AUC’s institutional self-study; a visit by a team of peers from
Middle States and consideration by the board of MSCHE.
In Egypt, AUC operates within the framework of the 1975 protocol with the Egyptian government, which in turn
is based on the 1962 Cultural Relations Agreement between the Egyptian and the U.S. governments.
In the United States, AUC is licensed to grant degrees and is incorporated by the State of Delaware.
EFMD
16
The School of Business: Annual Report 2009 - 2010
17
THE SCHOOL OF BUSINESS
ACCREDITATION
National Authority for Quality Assurance and Accreditation of Education
The National Authority for Quality Assurance and Accreditation of Education (NAQAAE) is the accrediting body
for all Egyptian educational institutions (higher education, pre-university and Al-Azhar education). NAQAAE was
established in 2007 by a presidential decree with the main aim of supporting Egyptian educational institutes
through fostering their quality assurance practices. According to the NAQAAE establishment law, the authority
is responsible for evaluating more than 50,000 educational institutions to be accredited within ?ve years.
The American University in Cairo is currently in the process of earning NAQAAE accreditation, along with the
Department of Management.
Supreme Council of Universities
Since its establishment in 1950, the Supreme Council of Universities (SCU) has been planning the policy of
university education and scienti?c research in Egypt as well as coordinating between national universities in the
country. All School of Business graduate and undergraduate programs are accredited by SCU. This accreditation
provides equivalence to academic degrees awarded by foreign institutes or universities as well as those not
abiding by the universities’ organization law number 49 of 1972. The cycle runs every three years, and the School
of Business has renewed its status in the summer of 2010.
“
“
Since the beginning of the year, the school has grown
from being an education center to one of the strongest
entrepreneurial hubs in the region. While seeking
the EQUIS accreditation and having the AACSB
accreditation, the School of Business at AUC will soon
be one of the strongest hubs in the world.
- Lana El Ramly
Accreditation Of?cer,
School of Business, AUC
The Year in
Review
Within the school
20
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
21
The American University in Cairo held a ceremony in February 2010 to of?cially launch the newly structured School of Business THE LAUNCH
Back row:
Hassan Salame, professor of international relations at the Institut d’Etudes Politiques, Paris and senior adviser to the United
Nations Secretary-General; Ismail Serageldin, director, Library of Alexandria; Mohamed Islam, moderator, Shibley Telhami, Anwar
Sadat Professor for Peace and Development, University of Maryland; Soumitra Dutta, Roland Berger Professor of Business and
Technology and academic director, eLab, INSEAD, France; Dipak C. Jain, former dean and professor of marketing, Kellogg School
of Management, Northwestern University, USA; Ali Faramawy, vice president, Microsoft International, Middle East and Africa;
Front row:
Nabil Fahmy, dean of the School of Global Affairs and Public Policy, AUC, David Arnold, AUC president, Boyd Hight,
chairman of AUC’s Board of Trustees, Lisa Anderson, provost, AUC, Sherif Kamel, dean of the School of Business, AUC
THE YEAR IN REVIEW: WITHIN THE SCHOOL
“
“
When I was invited to participate in the board of
the new business school at AUC, I wasn’t really sure
what added value the formation of the school could
bring. The department’s reputation was ?ne and new
programs, such as the executive MBA, could still be
implemented with some coordination. I have to say
that one year into the process, it is being shaped and
coming along in steady steps. It is likely to mature in
a fast pace to match global changes. AUC will harvest
the bene?ts soon. Dr. Kamel is orchestrating efforts as
professionally as expected.
– HE Ahmed Darwish,
Egyptian Minister of State for Administrative Development
Ahmed Darwish
Minister of State for Administrative
Development
22
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
23
– Lisa Anderson
AUC Provost
THE YEAR IN REVIEW: WITHIN THE SCHOOL
“
“
The newly revamped School of Business at the
American University in Cairo is designed to more
effectively showcase our existing programs and
provide a platform for launching new ventures
in management, accounting, ?nance, marketing
and entrepreneurship. With its strong faculty and
under the dynamic leadership of its new dean,
Sherif Kamel, AUC is now building on its role
in producing and promoting the next generation
of innovative and creative private-sector leaders in
Egypt and the region. In the fast-changing global
business landscape, this is an important and
exciting place to be.
Lisa Anderson, Provost
The American University in Cairo
David Arnold, President
The American University in Cairo
“
“
For many years, AUC has prided itself on training
outstanding business leaders and executives for
both Egyptian and international corporations. With
the establishment of a new freestanding School of
Business, we have signaled an increased commitment
to this aspect of our mission. Whether in producing
highly quali?ed undergraduates in business and
accounting, top-notch MBAs or skilled managers
and senior executives, AUC’s School of Business is
setting a world-class standard for business education
in this vital region of the world.
– David Arnold
AUC President
The American University in Cairo held a ceremony in February 2010 to of?cially launch the newly structured School of Business THE LAUNCH
24
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
25
NEW INITIATIVES
“
“
One of the radical changes in the School of Business that we have all
witnessed this year is that sense of creativity, innovation and imagination.
As Albert Einstein once said, ‘Imagination is more important than
knowledge, for knowledge is limited, whereas imagination embraces the
entire world, stimulating progress, giving birth to evolution.
– Adel Danish, SAB chair; chairman
and chief executive of?cer, Xceed
Dean’s Strategic Advisory Board
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Dean’s Strategic Advisory Board
The Dean’s Strategic Advisory Board (SAB) was launched in February 2010 and consists of 37 internationally
recognized and prominent members of the business community and academia who have committed to provide
guidance and advice to help in the development of the School of Business. The board is divided into three
committees: Strategic Positioning Committee, Program Committee and Corporate Engagement Committee.
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THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
27
MEMBERS OF THE DEAN’S STRATEGIC
ADVISORY BOARD
Karim Abadir ’85, ’91, professor of ?nancial
econometrics, Imperial College, United Kingdom
Hassan Abdalla ’82, ’94, chair and chief executive
of?cer, Arab African International Bank, Egypt
Ahmed Abdel Wahab, PhD, chair and managing
director, FAW Industrial Group Egypt; chair,
Engineering Export Council, Egypt
Mustafa Abdel Wadood ’91, managing director,
Abraaj Capital; chief executive of?cer Abraaj
Investment Management, United Arab Emirates
Hashem Abou Zeid ’88, senior vice president, private
equities, Mansour Group and El Maghraby, Egypt
Nayera Amin ’76, ’81, managing director and chief
executive of?cer, Piraeus Bank, Egypt
Richard Barker, senior lecturer in accounting, Judge
Business School, University of Cambridge,
United Kingdom
Youssef Bissada, PhD, emeritus professor of
entrepreneurship, INSEAD, France; distinguished
adjunct professor of entrepreneurship, The American
University in Cairo, Egypt
Adel Danish, PhD, chair and chief executive of?cer,
Xceed, Egypt
Ahmed Darwish, PhD, Ministry of State for
Administrative Development, Egypt
Soumitra Dutta, PhD, Roland Berger Chaired
Professor of Business and Technology, founder and
faculty director of eLab, INSEAD, France
Hassan El Khatib, managing director, The Carlyle
Group, Egypt
Hisham El Khazindar ’96, co-founder and managing
director, Citadel Capital, Egypt
Omar El Sawy ’74, PhD, professor of information
systems, Marshall School of Business, University of
Southern California, United States
Mohamed El Sewedy, chief executive of?cer, El
Sewedy Cables, Egypt
Hisham Fahmy ’74, executive director, The American
Chamber of Commerce, Egypt
Ali Faramawy, vice president, Microsoft International,
Turkey
Ibrahim Ghattas, managing director, SMG
Engineering Automotive Company, Egypt
Alaa Hashim ’97, chief executive of?cer,
Mac Carpet, Egypt
Ossama Hassanein, PhD, senior managing director,
Newbury Ventures, United States
Gabriel Hawawini, PhD, former dean of INSEAD and
Henry Grunfeld Chaired Professor of Investment Banking;
professor of ?nance, France
Aymen Ismail, chair and chief executive of?cer, Dar Al
Mimar Group - Mountain View, Egypt
Dipak C. Jain, PhD, former dean and professor of
marketing, Kellogg School of Management, Northwestern
University, United States
Ali Q. Jawad ’85, PhD, strategic adviser, Department of
Economic Development, United Arab Emirates
Salah Khalil, chair, Macat International Limited; former
strategy consultant to Westminster Foundation for
Democracy, United Kingdom
Jonathan Liebenau, PhD, reader in technology
management, London School of Economics,
United Kingdom
Safwan M. Masri, PhD, director of Columbia University’s
Middle East Research Center; former vice dean and
director of the MBA Program, Graduate School of Business,
Columbia University, United States
Dale Meyer, PhD, distinguished professor emeritus,
University of Colorado – Boulder; senior chair, Western
Partners Worldwide Foundation, United States
Khaled Nosseir ’88, chair and chief executive of?cer,
Alkan, Egypt
Steve Reinemund, former chair and chief executive of?cer,
PepsiCo; dean of the Babcock and Calloway Business
Schools, Wake Forrest University, United States
Ahmed Said ’85, PhD, chair, Global Brands, Egypt
Moustapha Sarhank ’85, chair and chief executive of?cer,
Sarhank Group, Egypt
Richard Schmalensee, PhD, John C Head III Dean
Emeritus and the Howard W. Johnson Professor of
Economics and Management, MIT Sloan School of
Management, United States
Alex Shalaby, chair, The Egyptian Company for Mobile
Services, Mobinil, Egypt
Tarek Tew?k, chair, Chamber of Food Industries; vice
chair, Farm Frites, Egypt
Mona Yassine ’71, chair, Egyptian Competition Authority,
Egypt
George Yip, dean, Rotterdam School of Management,
Erasmus University, The Netherlands
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Sorted by family name
28
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
29
Council of the School of Business
The council represents the school’s faculty, students
and staff, ensuring their participation in the governance
of the School of Business and the discussion of issues
pertinent to the school community. It aims to facilitate
communication among school constituencies and
presents recommendations to the dean regarding
academic policies.
The main role of the council is to advise and provide
input on any matters deemed relevant to the general
welfare of faculty, students and staff.
Department of Accounting
In Fall 2009, the Department of Accounting was
of?cially established; however, a bachelor’s degree in
accounting has been offered since 1995.
The objective of the department is to ensure that
students master the basic knowledge and general
understanding of the accounting principles. Areas
of concentration include ?nancial accounting,
managerial and cost accounting, auditing and
taxation. It takes a multidisciplinary approach to
the ?eld, integrating ?nance and economics with
broader perspectives on organizational issues and the
business environment.
Of?ce of Student Services
The Of?ce of Student Services was established to
provide information on the accounting, business and
economics programs and to help in promoting new
majors and programs. It is a one-stop shop designed
to provide integrated professional service to students
at the School of Business.
The Of?ce of Student Services is committed to
providing the best resources and advising services to
assist students in achieving their study goals, as well
as guiding them through their registration process.
The of?ce supports the school’s mission of developing
innovation, leadership and entrepreneurial skills by
offering opportunities for business students to gain
real-world experience and explore a variety of career
?elds through internship opportunities, international
competitions and student-related conferences.
Communication and Marketing Unit
A Communication and Marketing Unit was developed
within the School of Business to provide information
on different activities. A new web site for AUC’s
School of Business has been created (www.aucegypt.
edu/business), and regular updates are released
to highlight main events and top stories. The unit
also coordinates the production of the school’s print
material including brochures, promotional material,
rollups and banners, coordinating with AUC’s
Of?ce of Communications and Marketing to ensure
its compliance with AUC branding and editorial
standards and guidelines.
NEW INITIATIVES
THE YEAR IN REVIEW: WITHIN THE SCHOOL
30
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
31
Access to Knowledge for Development Center
In February 2010, the Access to Knowledge for Development Center (A2K4D) was established within the School
of Business to serve as a national and regional center for scholarship on Access to Knowledge (A2K), intellectual
property, technology and human development.
A2K4D is a founding member of the Access to Knowledge Global Academy (A2KGA), in collaboration with the
Information Society Project of Yale Law School and partners from Brazil, China, Ethiopia, India, South Africa and
the United States.
On June 1, 2010, A2K4D hosted a regional meeting on open-source software in the Arab world, with participants
from different Arab countries, in order to foster research that will lead to developing a concept paper for each
country.
Real Estate Academy
The Real Estate Academy was launched and incubated as part of IEEI, with the aim of facilitating the engagement
of real estate professionals in Egypt to join international real estate knowledge networks. The academy also
strives to deliver world-class, multilevel training programs in partnership with leading international institutions.
Several events were held since the academy’s establishment including real estate CEO roundtables in November
2009, February 2010 and July 2010; as well as a real estate forum on November 10, 2009, in partnership with the
National University of Singapore and Dar El Mimar - Mountain View, with Egypt’s Minister of Investment Mahmoud
Mohieldin and international experts present. This was in addition to the Advanced Management Program, The
Real Estate Life Cycle, held in Singapore, May 16 – 20, 2010.
NEW INITIATIVES
THE YEAR IN REVIEW: WITHIN THE SCHOOL
(In the middle)
Nagla Rizk ’83, ’87, associate professor of economics, during the launch of
the A2K4D Center, February 7, 2010
A2K4D celebrated
the publication of its
?rst book, Access to
Knowledge in Egypt:
New Research on
Intellectual Property,
Innovation and
Development, in
February 2010.
International Real Estate Forum,
November 10, 2009
Real Estate Academy, Advanced
Management Program, Singapore,
May 16 – 20, 2010
32
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
33
NEW INITIATIVES
Launch of Citadel Capital Financial Services Center Student Academy for Spring 2010
Citadel Capital Financial Services Center (CCFC) has launched the CCFC Student Academy, which offers a wide
range of ?nancial training programs and activities to undergraduate and graduate students. The academy’s
mission is to “enhance the ?nance curriculum with interactive training modules, increasing the marketability
of AUC students and preparing them to face market challenges.”
The academy’s programs are offered in collaboration with CCFC’s academic sponsors. In Spring 2010, CCFC
Student Academy offered students the following programs:
Association for Information Systems Student Chapter – Egypt
The Association for Information Systems (AIS), the premier global organization for information systems (IS) academics manifested
in the form of AIS student chapters, is dedicated to providing a forum for current and prospective IS students.
The School of Business is one of 67 global AIS student-chapter founding schools. Its objectives include increasing the visibility of
IS programs and access to shared resources, gaining a competitive advantage to succeed within the IS ?eld, leveraging worldwide
recognition through competitions and award programs, networking with students from around the world and expanding career
opportunities.
Meet the CEO Series
The School of Business launched Meet the CEO series on June 8, 2010, following the School of Business Graduate Honors
Assembly. Ayman Abdel Latif ’82 ’86, general manager of Microsoft Egypt, was the ?rst keynote speaker in the series, which
aims at enhancing student exposure and providing opportunities to learn from practical work-life experiences.
Certi?cate in Technical Analysis
CCFC offered students a certi?cate in technical
analysis, in collaboration with the Egyptian
Society for Technical Analysis, one of CCFC’s
academic sponsors. The main objective of
this program was to introduce students to key
technical analysis techniques.
More than 35 undergraduate and graduate
students participated in the ?rst round of the
three-month course. Certi?ed technical analysts
conducted the course.
Reuters Certi?cation Program
CCFC offered two rounds of the successful Reuters
Certi?cation Program, jointly with Thomson
Reuters, the world’s leading source of intelligent
information for businesses and professionals.
More than 40 aspiring students were given the
opportunity to become certi?ed Reuters users.
Senior Reuters trainers delivered presentations
about the use of Reuters ?nancial databases in
the ?nance and investment industry.
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Certi?cate in Technical Analysis Reuters Certi?cation Program
34
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
35
“
“
Since its inception, the School of Business has earned a reputation for being
an innovative institution that seeks to position itself at the cutting edge. For
example, it was the ?rst institution in Egypt to recognize the need to develop
a structured program for real estate practitioners and has partnered with the
National University of Singapore’s real estate faculty to establish the ?rst
Real Estate Academy.
– Ambassador of Singapore to Egypt
Hung Seng Tan
THE YEAR IN REVIEW: WITHIN THE SCHOOL
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THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
37
AWARDS AND HONORS
Eduniversal
Eduniversal, a European federation on education,
awarded AUC’s School of Business the highest
distinction in Egypt in 2009 (up from third place in
2008) and the second highest in Africa, after surveying
more than 1,000 business schools globally based on
their capacity for international in?uence, Cape Town,
South Africa, October 26 – 28, 2009.
Annual Distinguished Cultural Prize of
Sultan Bin Al Owais
Galal Amin, professor of economics, received the
Sultan Bin Al Owais Cultural Foundation Award,
which recognizes distinguished works and rich
contributions to Arab culture. Amin’s award was for
the humanitarian and futuristic studies section in
recognition of his contributions to economics, politics,
community and culture.
Dubai Summer Surprises
School of Business alumna Youmna Amr Safwat ’10 joined the award-winning Dubai Summer Surprises (DSS) Apprenticeship
Program in its ?fth edition in Dubai, United Arab Emirates, June 19 – July 2, 2010. Safwat joins AUC alumna Hadia Saraya ’08,
who won the award in 2008.
The award-winning annual training and industry-exposure program paves the way for 10 young people from the region to
participate in the highly successful business administration and marketing internship. The winners received hands-on
experience through working on projects, visiting and auditing key DSS events, and working closely with the DSS team, gaining
valuable training and real-life exposure to best practices in business administration, marketing and events management.
During the competition, students were judged on the quality of their essays, and one winner was selected from each market
to represent his or her country in the program. Safwat was appointed to a marketing team that included students from other
universities in the region. Together, they created a marketing plan targeting the enormous population of people under 30
across the MENA region, and highlighting Dubai’s unique and accessible geographic position. Re?ecting on her experience,
Safwat noted, “We had the opportunity to meet and bene?t from some of the greatest minds, all working for the sole purpose of
promoting Dubai as a global tourist attraction. Spending two weeks with some of the brightest young Arabs, with so much in
common yet so much cultural diversity, broadened my horizons and provided memories that are forever imprinted in my mind.”
THE YEAR IN REVIEW: WITHIN THE SCHOOL
(On the far right)
Stephen Everhart, associate dean
of the School of Business, receiving
Eduniversal award, October 2009
Galal Amin, professor of economics
Dubai Summer Surprises Apprenticeship Program, Dubai,
United Arab Emirates, June 19 – July 2, 2010 - Youmna
Amr Safwat ’10 (second from left)
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THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
39
CNN’s Multichoice African Journalist of the Year Competition
School of Business alumna Ethar El-Kataney ’07 is the 2009 winner of the economics and business
category in CNN’s Multichoice African Journalist of the Year competition for her article “The Business
of Islam,” which is currently being turned into a documentary. El-Katatney is the ?rst Egyptian to win
in the competition, which started in 1995 and recognizes excellence in African journalism.
Student Case Competition at the American University of Beirut, Lebanon
AUB hosted its ?rst Student Case Competition from May 1 to 3, 2010. The competition gave an opportunity to
students from leading universities in the region to interact and apply their academic skills in a practical and
professional setting. AUC’s School of Business delegation won ?rst, second and third place. The winners were:
Rosette Wahba, business administration major (?nance), who ranked ?rst; Farida Kamel, a double major in
economics and business administration (?nance), came in second; and Salma Shabrawy, accounting major, who
won third place.
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
AUC’s School of Business delegation to AUB competition with Sherif Kamel,
dean of the School of Business and Marina Apaydin (center), assistant professor
of management, and Hanan Shahin (far right), head of student services of?ce at
AUC’s School of Business
Ethar El-Kataney ’07
(Photo courtesy of CNN London of?ce)
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41
Student Awards Ceremony Organized by Student Union
On May 2, 2010, AUC’s Student Union granted awards to the best junior and senior science and non-science
majors, based on the students’ ability and excellence in combining academic and extracurricular activities.
The following winners were School of Business students:
Seniors:
Juniors:
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Arab African International Bank National Competition
The AUC team ranked third in the national competition organized by the Arab African International Bank (AAIB), in
addition to receiving a ?nancial award of EGP 15,000 and a summer internship at the bank. Ahmed Imam and Eman
Abdel Kader, two business administration seniors, entered the competition and presented an innovative ?nancial
product, Pocket Account, which is a service that allows its subscribers to manage all banking transactions through
software installed on subscribed mobile phones. Minister of Higher Education Hani Helal attended the closing
ceremony on December 22, 2009, together with representatives from the participating universities.
AUC’s School of Business Award at AAIB National Competition
Hamed Shamma ’99, ’02, assistant professor of marketing; Eman Abdel Kader, business
major; Hassan Abdalla ’82 ’94, vice chair and managing director, Arab African International
Bank; Ahmed Imam, business major; Sherif Kamel, dean of the School of Business
1
st Mohamed El Dib
Major: Business administration
(marketing concentration)
2
nd Hadeer Shalaby
Major: Business administration
(marketing concentration)
3
rd Aya El Badrashini
Major: Business administration
(?nance concentration)
Lobna Youssef
Major: Business administration
(?nance concentration)
3
rd Mohamed El Messary
Major: Business administration
(marketing concentration)
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43
“
“
– Aftab Ahmed, Citi country of?cer and
managing director, Citibank N.A., Egypt
THE YEAR IN REVIEW: WITHIN THE SCHOOL
The business school has strong leadership and has been successfully able to
create a progressive and dynamic learning environment to mentor the business
leaders of tomorrow. AUC has an exceptional track record of graduating
talent that is extremely sought after in the work force.
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45
AWARDS AND HONORS
School of Business Undergraduate Fall 2009 Honors Assembly – 25 November 2009
Faculty Appreciation
Award was given to
Farouk El Hitami,
professor emeritus
of management, in
recognition of his
contributions to the
School of Business.
Staff Appreciation
Award was given to
Sonia Victor, assistant
to the chair at the
economics department,
in recognition of her
efforts and dedication
to the School of
Business.
The Alumni Award was
presented to Tarek Amer
’80, chair and general
manager, National Bank
of Egypt, and graduate
of the School of
Business, Department
of Economics, for his
exemplary leadership.
THE YEAR IN REVIEW: WITHIN THE SCHOOL
School of Business Spring 2010 Undergraduate Honors Assembly, May 9, 2010
School of Business Spring 2010 Undergraduate Honors students
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47
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
The Excellence in Research Award was awarded to Galal Amin, professor of economics.
The Outstanding Alumni Award was presented to Hassan Abdalla ’82, ’94, vice chair and
managing director, Arab African International Bank, for his exemplary leadership. Abdalla
studied management as an undergraduate and earned an MBA from AUC. He is a member
of the Dean’s Strategic Advisory Board.
Faculty Excellence Awards
The Excellence in Teaching Award was given to Dina Rateb ’84,
associate professor of management information systems.
The Excellence in Academic Service Award was granted to
Stephen Everhart, associate dean of the School of Business.
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49
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
School of Business Graduates Honors Assembly - 8 June 2010
The School of Business held its ?rst ever Graduates Honors Assembly.
Faculty Appreciation Award was awarded to Adel Beshai
’63, professor of economics, in appreciation of his invaluable
contributions to the graduate programs at the Department
of Economics.
Faculty Appreciation Award was awarded to Medhat Hassanein,
professor of ?nance and banking and Egypt’s former minister
of ?nance, in appreciation of his invaluable contribution to the
graduate programs at the Department of Management.
Outstanding Alumni Award was awarded to Ayman Abdel Latif ’82, ’86, general manager,
Microsoft Egypt, and graduate of AUC’s School of Business, for his exemplary leadership.
Spring 2010 Undergraduate Commencement
Excellent Teacher of the Year Award – was given to Ahmed Tolba ’97, ’01, assistant
professor of marketing, for his contributions to research, involvement in social marketing
case studies, and commitment and dedication to AUC.
(Left) Ahmed Tolba ’97, ’01, assistant professor of marketing, School of Business, AUC
(Right) AUC President David Arnold
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51
STUDENTS SCHOLARSHIPS
Youssef Jameel MBA Fellowships (established in 2004)
During the ?rst half of the 2009 - 2010 academic year, three cohorts were running (fourth, ?fth and sixth
cohorts). The fourth cohort ended in Fall 2009, and all fellows graduated in February 2010. The sixth cohort
partially commenced in Fall 2009, with 10 fellows enrolled in the MBA program and 15 (as opposed to 10)
recruited for Spring 2010. New strategies were applied to search for and approach highly quali?ed candidates,
and these strategies proved to be successful.
The Jameel MBA Fellows Program is to be continued, securing a new cohort (seventh) to be admitted in
Fall 2010 with the same criteria and objective of developing future industry leaders in the region to Egyptians
as well Palestinians.
Youssef Jameel MBA Fellows
Yousef Jameel ’68, who of?cially inaugurated the Abdul Latif Jameel Hall at AUC New
Cairo, is a prominent Saudi Arabian business leader, philanthropist, long-time university
supporter and devoted alumnus.
David Arnold, AUC president, Medhat Haroun, dean of the
School of Sciences and Engineering,Youssef Jameel ’68,
Sherif Kamel, dean of the School of Business
THE YEAR IN REVIEW: WITHIN THE SCHOOL
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53
STUDENTS SCHOLARSHIPS
Al Al? Foundation MBA Fellowships (established in 2008)
In February 2010, Al Al? Foundation agreed to sponsor ?ve quali?ed engineering and science graduates to attend
the MBA program at the American University in Cairo, in addition to the current cohort. The long-term objective
of the program is to develop entrepreneurial leaders of the highest caliber who are capable of ?lling critical
positions in industry in Egypt as well as integrating technical and business skills to compete in a global market.
The ?rst cohort, which started in Fall 2008, is to graduate in Fall 2010.
Hadya Abdul Latif Jameel MBA Fellowships (established in 2008)
In Spring 2008, Hadya Jameel made a pledge to foster entrepreneurs of the highest caliber who can ?ll leadership
positions in Egypt and the Middle East by providing them with the opportunity to gain technical and business
skills to manage and compete in the global market. Fifteen quali?ed Egyptian engineering and science graduates
were granted the fellowship to attend the AUC MBA program, which started in Spring 2008 and ended in
Spring 2010.
Ahmed and Ann M. El Mokadem Fellowships (established in 2010)
The main objective of this scholarship is to support Egyptian students with excellent academic records
who are interested in pursuing graduate studies at AUC in the ?elds of economics and international
economic development.
Informal gathering held over lunch on May 4, 2010 for School of Business faculty and staff
members in acknowledgment of their hard work and in an effort to strengthen team spirit
THE YEAR IN REVIEW: WITHIN THE SCHOOL
The Year in
Review
Within the University
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57
COLLABORATION WITHIN THE UNIVERSITY
NEW PROGRAMS
Bachelor of Business Administration
in Management of Information and
Communication Technology
The Management of Information and Communication
Technology Program (MICT) is a joint venture between
the Department of Management at the School of
Business and the Department of Computer Science at
the School of Sciences and Engineering.
The MICT is designed with a particular focus on
adapting its content to a local context congruent with
the needs of Egyptian organizations, addressing IT
challenges that arise in such organizations. The MICT
curriculum provides students with a foundation in the
liberal arts and sciences, and enables them to develop
expertise in business management and information
technology. The essence of the new bachelor’s degree
is to blend, in a unique way, the managerial and
technical aspects of information and communication
technology with an overview of related conceptual and
practical elements. The program addresses emerging
trends, tools and applications in the digital economy.
MBA with a Focus
on Construction
The School of Business, in collaboration with the
School of Sciences and Engineering, has developed an
MBA with an area of specialization in the construction
industry.
The program fosters multidisciplinary cooperation to
introduce this new concentration in construction for
the renowned MBA program. The new concentration
has the same requirements of 48 credit hours
including a capstone course and 12 newly developed
credit hours offered by the construction engineering
department. While maintaining the strength of the
existing program, allowances have been made to
cater to non-engineers and to serve business students
better.
School of Global Affairs and Public Policy
Executive Education
IEEI has collaborated with AUC’s School of Global
Affairs and Public Policy (GAPP) to support the launch
of the GAPP Executive Education program. This is to
capitalize on synergies between the constituencies of
the two schools (GAPP and the School of Business) and
to offer joint programs in the future.
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Corporate Sustainability Capacity Building Program
The John D. Gerhart Center for Philanthropy and Civic Engagement at AUC has developed a regional Corporate
Sustainability Capacity Building Program, successfully inviting stakeholders from the corporate sector as
well as the government and development organizations to partner and support the program ?nancially and
logistically. The program includes an awareness-building and executive education component, research and
case development, as well as peer learning activities.
The Corporate Sustainability Capacity Building Program is in partnership with KCC for the case writing
component, and with IEEI for managing and delivering the executive education component of the program.
In 2009 - 2010, two training courses were delivered:
• Corporate Sustainability for a Global Economy, Cairo, March 28 – 29, 2010, Dana Brown, Said Business School,
Oxford University
• Sustainability in the Construction Industry, Dubai, June 6 – 8, 2010
Professor Ahmed Hassanein, Qatari Diar Real Estate Investment Company, and Maria Sillanpaa, founding
director, Sustainability Advisory Group
Corporate Sustainability for a Global Economy
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COLLABORATION WITHIN THE UNIVERSITY
NEW PROGRAMS
Entrepreneurship Courses
Undergraduate Level
Entrepreneurship and Small Business Management
An interdisciplinary course combining skills from all areas of business. The creation of new business ventures with
an emphasis on personal rather than corporate goals. Special focus on problems encountered by the entrepreneurs
in the Middle East and development of solutions to those problems. Prepare students for careers in startups and
small and large corporations. Understand the stages of business development to meet ?nancial goals including
preparation of feasibility studies for business startup.
Graduate Level
Entrepreneurship and Innovation
This course takes students through the various aspects of starting, managing, and growing a business. Whether
to start a new venture, a new project, or develop an innovative way of management. This course will teach how to
write a business plan, its bene?ts and how does it differs from a feasibility study. Opportunity identi?cation, clear
business and market de?nition, segmentation and entry, building a team and creating a suitable organizational
form, avoiding common pitfalls, and various strategies for starting or growing a business, are among the numerous
facets of enterpreneurship covered in the course. Methods employed include individual and group case analysis,
writing a business plan, interviews with, and talks by, enterpreneurs, and pro?ling of successes and failures.
Strategic Management of Innovation
This course will study the theory and practice of innovation as a process and an outcome based on a comprehensive
model of innovation which consists of three determinants: innovation, leadership, managerial levers and business
processess. The course will examine the impact of accelerating innovation on cost, product quality and marketability;
organizational changes required to couple R&D with marketing and commercialization; and the managerial skills
and professional expertise needed to develop a sustainable innovation practice within an organization.
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Entrepreneurship and
Innovation Program
AUC’s School of Business, in collaboration with different
stakeholders at the university and partners within the
community, is aligning efforts to formulate an AUC-
based Entrepreneurship and Innovation Program (EIP),
to be incubated under the International Executive
Education Institute (IEEI). The program’s main goals
are to create a healthy entrepreneurial environment
inside AUC that serves the business community in
Egypt and the region, and to educate students as to
what entrepreneurship is and infuse them with the
desire to create and innovate by connecting them to
venture capitalists, angel investors and mentors.
A proposed model for a pilot project is to be launched
in Fall 2010, which is to include orientation seminars,
a business plan competition, a community/campus
project, an internship program, industry visits, case
writing, organized debates, meet the CEO sessions, a
capstone course and company start-up.
To support this initiative, the school has established an
entrepreneurship and innovation council, consisting of
members with an interest in providing guidance and
expertise in this ?eld.
“
“
– Ossama Hassanein, board chair, Tech Wadi, Newbury
Ventures, member of the dean’s Strategic Advisory Board,
the 2010 - 2011 Willard W. Brown International Business
Leadership Chair at AUC’s School of Business
It’s a distinct pleasure to work with the new leadership
team at AUC’s School of Business. I had met with
Dr. Sherif Kamel in San Francisco shortly before he
was of?cially named dean, and I had the opportunity
to learn ?rsthand of his vision for the school. In the
ensuing year, I watched with admiration the way he
went on to implement his vision, and decided without
hesitation to accept the Brown Chair position to help
him implement the Entrepreneurship and Innovation
Program. This world-class program will undoubtedly
help position AUC not only as a leading business school
in the region, but also as a major and effective incubation
and entrepreneurship center for promising startups. I look
forward to partaking in its success.
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61
Association Internationale des Étudiants en
Sciences Économiques et Commerciales
Faculty Adviser: Ahmed Tolba ’97, ’01, assistant
professor of marketing
The Association Internationale des Étudiants en
Sciences Économiques et Commerciales (AIESEC)
is an international, nonpolitical, nonpro?t, student-
run, independent, educational foundation. It is a
global network of 50,000 members across more than
107 countries and territories in more than 1,700
universities. AIESEC contributes to the community
through youth exchange in order to develop individuals
who are committed to international cooperation and
understanding. It has an international platform
enabling young people to discover and develop their
potential in order to have a positive impact on society.
AIESEC provides AUC students with opportunities
to work abroad as well as take part in exchange
programs, community development, environmental
awareness, international conferences and training
workshops.
In Spring 2010, AIESEC-AUC participated in the NGO
Fair (MAD Campaign) in Egypt to represent and provide
information about its activities.
A Bite for Life
Faculty Adviser: Monal AbdelBaki ’83, ’88, visiting
assistant professor of economics
Under the umbrella of the Department of Economics,
a new student club named A Bite for Life has been
established under the auspices of the UN World Food
Programme (WFP). Through this club, AUC has joined
the Universities Fighting World Hunger initiative,
which is an international organization of student
clubs aiming to achieve food security. The UN WFP
trains members of the club to help in school-feeding
programs and subsidized food forti?cation with iron
and vitamins.
Entrepreneurs Society
The Entrepreneurs Society (ES) is a student-led body founded
in 2003. It focuses on enhancing entrepreneurial skills,
supporting innovative students and investing in creative ideas
introduced by passionate students who are ready to venture
into the marketplace. This is established by conducting
diverse educational and cultural activities.
ES aims to develop its participants through several means
such as organizing general skill-enhancement and awareness
programs. This is done by conducting a series of lectures and
training sessions that aim to develop students’ entrepreneurial
skills and enable members of the AUC community to grasp
real-life experiences that prepare them for what they might
encounter in the future.
One of the main events organized was the business plan
competition, during which students presented and argued
in favor of their business proposals. It is an innovative
attempt to integrate youth into the complex business world.
Participants in the competition take part in a variety of
seminars, training sessions and interactive lectures, learning
all the technical points of writing a successful business plan.
The winners of the competition receive a ?nancial award and
the acknowledgement of the Egyptian business community.
This year, the prize of the competition was set at LE 50,000.
There were 150 applicants, 20 ?nalists and two winners.
The ES seventh annual convention was held in Spring 2010,
with 300 participating individuals, to develop entrepreneurial
know–how in interested students. The convention consisted of
?ve workshops in various businesses such as small business
simulation as well as import and export simulation. The
convention allowed its participants to explore the essence of
entrepreneurship through training sessions and interactive
discussions.
The Lead is a bi-weekly newspaper published by students. The
Lead discusses issues related to AUC student life. In addition,
it focuses on different topics such as business, news,
entrepreneurship and product reviews. This year, students
distributed more than 2,500 copies.
Events also included several awareness campaigns, a soccer
league and a student-development program.
The European Training Foundation, the European Union
(EU) agency supporting education and training in countries
surrounding the EU, awarded the Entrepreneurs Society a gold
medal for its efforts in promoting entrepreneurship learning.
AUC CLUBS
WITH SCHOOL OF BUSINESS ADVISERS
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Faculty Adviser: Sherif Kamel ’87, ’90, dean, AUC’s School of Business
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63
Finance and Investment Club
Faculty Adviser: Eskandar Tooma ’98, associate
professor of ?nance
The society helps students acquire knowledge about
banking, ?nance and investment by organizing
different activities with the business community The
primary activities included Meet the Faculty lecture
series on ?nance, an open discussion on the global
?nancial crisis and a mini-conference on global trade.
Citadel Capital Financial Services Center hosted
several events with the Finance and Investment Club
to promote student activities including stock market
simulation and the AUC index.
International Conference on
Global Economy
Faculty Adviser: Hamed Shamma ’99, ’02, assistant
professor of management
Some of the annual student conferences at AUC have
a community-service component. This includes the
International Conference on Global Economy (ICGE),
which focuses its work on serving the visually impaired
through establishing micro projects for families and
providing ?nancial support.
The 10th ICGE was held from March 2 to 6, 2010 with
more than 400 participants. The opening ceremony
was by conducted by Ahmed Asaad, assistant of?cer
at HSBC Bank, Egypt.
Conference activities included Saturday training
sessions, junior council, a soft opening, a blood
donation campaign, a seminar as well as a ?eld trip
to the stock market. There are eight councils: business
crisis simulation, investment and commercial
banking, audio visual advertising, global economic
relations, stock market simulation, marketing and
public relations, juniors council and image driving
advertising.
VIA’s main activities include:
• Outreach activities (conducted throughout the year): micro
projects that help orphans in Meit Okba and weekly visits to
orphanages
• Iftar to Go campaign (August – September 2009): daily
delivery of food to the needy in Ramadan
• Keswa campaign (August – September 2009):
collecting used clothes and donating them to the needy during
Ramadan and before Eid
• Tamween Packs campaign (August – September 2009):
packing raw food for distribution in Ramadan
• Children’s Iftar (September 11, 2009): inviting orphanages
to a Ramadan Iftar
• Tagheez Arayes campaign (October – November 2009):
collecting donations to purchase the needs of orphans who
are getting married
• Orphans wedding (November 21, 2009): charitable wedding
for orphan brides and grooms
• Children’s Day (January 8, 2010): inviting Meit Okba orphans
to a fun day at AUC
• Charity concert (March 12, 2010): featuring Omar Khayrat to
raise funds for the club in order to support more orphanages
• Community Service Day (April 18, 2010): to revive the
promotion of recycling on campus
AUC CLUBS
WITH SCHOOL OF BUSINESS ADVISERS
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Volunteers in Action
Faculty Adviser: Dina Rateb ’84, associate professor of management information systems
Volunteers in Action (VIA) organizes educational and recreational events for orphans including providing literacy classes,
micro-projects, and distributing clothes and food packages. VIA’s latest project involved helping orphan brides furnish their
new homes. VIA focuses on orphans in the area of Meit Okba.
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65
“
“
To get something done, you need to really want
it and put your head and heart into it.
– Nevine Loutfy ’74, managing director and CEO,
National Bank of Development Egypt
AUC CLUBS
WITH SCHOOL OF BUSINESS ADVISERS
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Accounting Link Club
Faculty Adviser: Khaled Samaha, assistant professor of accounting
The main aim of the club is to promote the accounting profession and to inform students of opportunities available in their
accounting careers.
Some of the main activities held this year included the Accounting Link gathering, ?nancial analysis lecture and the Accounting
Link newspaper.
This is in addition to the eighth Accounting Link club simulation held on April 29, 2010, presented by Ernst and Young. The
simulation lasted for two days (April 30 - May 1) with the attendance of an estimated of 155 participants from AUC, Ain Shams
University, Cairo University and Misr International University (MIU). The simulation included an intensive session conducted by
professional instructors from Ernst & Young followed by an exam.
The closing ceremony of the simulation included the announcement of the top twenty participants who were awarded a
summer internship at Ernst & Young. The ?nal competition was held to determine the top three winners who were to receive
the monetary awards. Those were: Lina Sroor, AUC (?rst place), Heba Badawi, Ain Shams University (second place) and Ahmed
Shaaban, Cairo University (third place).
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67
AUC STUDENT INTERNSHIPS
INITIATED BY THE SCHOOL OF BUSINESS
LG internship
Applicants should be senior students majoring in accounting or business administration, with a GPA of 3.0 or
above, and have excellent communication, leadership and time management skills. Students who took part in
this internship were Heba Ibrahim Hafez, Ola Ismail Mohamed, Christine Maged Salib and Maha Yasser Mohamed.
Ernst & Young internship
The closing ceremony of the eighth Accounting Link Club simulation, held on May 1, 2010, included the
announcement of the top 20 participants who were awarded a summer internship at Ernst & Young. AUC students
who took part in this internship were Yasmine El Hazek, Shady Jonas Fayed, Norane Abdel Halim, Sandro Tadros
and Melody Kotchounian.
Energy Allied International
Candidates were required to be second or third-year students, business-related majors, with a cumulative GPA of
3.0 or more. They should have interest and/or experience in renewable energy and be ?uent in spoken and written
English and Arabic.
School of Business students who participated were Yara Hany El Zahaby, Lana Ashraf Rabie, and Farida Kamel.
Energy Allied International has offered to recruit AUC’s School of Business interns to work on a biodigesters
project until it is complete.
Shell Egypt summer training program
Applicants were required to be in their second or third year at the university and to have not joined the summer
training program in previous years. They were also required to have good English and computer skills.
School of Business students who participated in this program were Nada Abdel Karim El Garraya, Nour
Mohsen Zaki, Mira Mohamed Ahmed, Raghda Mohamed El Shafei, Salma Mahmoud El Maghraby, Alyaa
Hussein El-Sabbah, Yara Mohamed Mahfouz, Rehab Taha Ali and Aya Ahmed Siam.
“
“
AUC’s School of Business is an integral part of our community
in developing and empowering the best of Egypt’s young minds
and preparing our next generation of leaders who will be the
hope for our country’s future economic prosperity.
– Dina Mofty ’98, executive director, Injaz Egypt
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
The Year in
Review
PORTAL TO THE WORLD
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71
AGREEMENTS, PARTNERSHIPS
AND PROJECTS
Bloomberg Businessweek partnership
The School of Business has partnered with Bloomberg
Businessweek in their B-School Connection Program.
AUC’s School of Business is one of 170 partner schools
and the ?rst partner school outside the United States
to join the program, whose purpose is to promote
professional business thinking and behavior among
students by encouraging them to read, explore and
understand current business issues and events on a
global scale. The program involved 50,000 business
students with access to Businessweek resources
including case studies and faculty resources.
Businessweek magazine (March 22 and 29, 2010)
included a cover wrap on AUC’s School of Business.
WAMDA www.wamda.com
Riyada Enterprise Development Limited (RED) is a
wholly-owned subsidiary of Abraaj Capital Holdings
Limited and is the owner, operator and developer
of the Internet-based portal WAMDA, a dynamic,
comprehensive and connected entrepreneurial
platform supported by Abraaj. WAMDA aims to link
entrepreneurs, innovators, facilitators and change
makers in the region. Its main objectives include
reshaping knowledge access for and in the capacity
of small and medium-size enterprises in the region.
AUC’s School of Business has been chosen to be one of
50 founding partners.
Erasmus Mundus Partnership
The School of Business joined the Erasmus Mundus Partnership as an associated partner in the Erasmus Mundus QEM Master in
Quantitative Economics and Finance (with several Nobel laureates in economics on the advisory board). The following eminent
institutions are also associated partners of the Erasmus Mundus partnership: Paris School of Economics, Sciences Po, ESCP
Europe, University of Tokyo, Fundacao Getulio Vargas, Seoul National University and University of Queensland. This partnership
will give priority to School of Business alumni to enroll in the QEM Master with a scholarship scheme at the University of Paris,
Universidad Autonoma de Barcelona, Universita Ca’Forscari Venezia and University of Bielefeld. Students enrolled in the QEM
program will take courses at all consortium universities, and their degree will be issued by two consortium universities and
Sciences Po Paris. Being an associated partner also allows for participation in network activities as well as the development of
new exchanges for Erasmus-type study-abroad experiences for students in the QEM Program.
AUC’s School of Business also joined the Erasmus Mundus Doctoral Program (EDEEM) as an associated partner. EDEEM is a
three-year doctoral program in economics that brings together seven leading European institutions coordinated by the University
of Paris 1 Pantheon-Sorbonne. All PhD students are jointly supervised by two advisers through an agreement between two
universities in the consortium. The student must spend at least two semesters in each of the two degree-granting universities.
The Emerging Market Global Players Project
The Emerging Market Global Players project (EMGP) is a cooperative arrangement on sustainable international investment
between AUC’s School of Business and the Vale Columbia Center (Columbia Law School / Earth Institute, Columbia University)
for the publication of an annual report on the top multinational enterprises headquartered in Egypt, ranked by their foreign
assets (in addition to any other rankings).
THE YEAR IN REVIEW: PORTAL TO THE WORLD
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Forum Euroméditerranéen des Instituts de Sciences Économiques (FEMISE)
The Department of Economics concluded a collaborative research project with the Forum Euroméditerranéen des
Instituts de Sciences Économiques (FEMISE) on job quality and labor market strati?cation in which it was the
lead institution. The department is also a partner institution with FEMISE in an ongoing project on foreign direct
investment in the Mediterranean region.
Harvard Business
In 2009 - 2010, the Department of Economics offered a new graduate-level course on the economics of
competitiveness, as part of the new af?liation with the Harvard Business School’s Microeconomics of
Competitiveness Course Network of the Harvard Business School.
Management Center (MC)
In 2009 - 2010, the Management Center’s regional presence grew to include Jordan, Kuwait, Qatar,
Saudi Arabia and the United Arab Emirates.
Main contracts include:
Information and Decision Support Center (IDSC) of the Egyptian Cabinet
The scope of the MoU is that IDSC shall provide the MC with continuous updates on the latest
developments in the job market, market needs, employment policies and other issues that would need
to be addressed through professional development programs. Additionally, the MC shall provide a
number of scholarships in its public courses to participants nominated from the IDSC.
Support to Water and Wastewater Sector, Egypt
This contract involved cooperation with Chemonics International on the WWSS-USAID project for the
development and implementation of a professional program in utility management involving managerial
cadres in the Holding Company for Water and Wastewater. Successful participants will be granted a
professional certi?cate in utility management.
Logistics for Consultations and Development, Saudi Arabia
The current cooperation agreement has been renewed until 2012. Logistics has been MC’s learning
partner since 2007, offering diplomas in healthcare and hospital management, human resource
management and total quality management in Jeddah, Mecca and Abha.
Leaders Academy, Kuwait
Partnership agreement for joint implementation of long and short-run programs targeting top and
middle management in the Global System for Mobile Communications and petroleum sector in Kuwait.
It also includes marketing the MC programs in Kuwait.
AGREEMENTS, PARTNERSHIPS
AND PROJECTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
Arab Bank
Providing tailored professional development programs
to enhance the soft skills of people working in the
banking sector in Egypt and the region.
National Bank of Egypt
Providing credit programs for the credit staff during
2010 - 2012.
Al Khafji Joint Operations, Saudi Arabia
Conducting the Six Sigma Green Belt Program.
Union for Human Resource Development in the
Arab World
Cooperation agreement for joint implementation of
training sessions, seminar, workshops, conferences
and programs in the region.
Department of Economic Development, Abu Dhabi,
United Arab Emirates
The renewal of the partnership agreement for a
provisional leadership program to the government
sector.
Skills Castle Academy, Egypt
Cooperation agreement for the implementation of the
total quality management for the healthcare reform
diploma in Tanta.
Future Vision, Saudi Arabia
Cooperation agreement for MC marketing professional
development programs in the Kingdom of Saudi
Arabia. Within this agreement, three runs of the
People Management Workshop were conducted for
SPIMACO (pharmaceutical) in Saudi Arabia.
Kenyon International and the Arab Air Carrier
Organization, the Arab Region
For the development of a professional certi?cate in
emergency response management in aviation, as a
fourth addition to MC’s aviation diplomas accredited
by the Egyptian Supreme Council of Universities.
These programs aim to support the aviation and travel
industry in Egypt and the Arab world. Due to the wide
acceptance of these programs, Kenyon International
Emergency Services, the world’s leading provider of
specialist emergency response operational services
and training, joined the consortium to develop a fourth
specialized diploma on pilot emergency response
management in aviation.
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Amr Hamdy and Graham Williams while signing the
partnership contract
Leadership and Management Development Center, Ministry of Investment, Egypt
Cooperation for the joint implementation of training sessions, seminars, conferences and related activities.
Egyptian Medical Syndicate, Egypt
Cooperation to provide postgraduate diplomas in professional development, preparation for the United States
medical licensing examination and the development of a certi?cate of quality for providers of healthcare services
as well as the development of joint educational programs.
El-Ezz Group, Egypt
Provision of a contractual program, Professional Certi?cate in Advanced Management.
Amr Hamdy, Director, Management Center and Ashraf Ibrahim,
Director, Leadership and Management Devlopment Center signing the contract
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Community service activities, Chartered Institute for
Securities and Investment Accreditation.
Citadel Capital Financial Services Center (CCFC) has
partnered with the Chartered Institute for Securities and
Investment (CISI) in London in an effort to offer a new
concept of ?nancial education and professional training. As
a leading educational and professional training body, CISI
aims to promote ?nancial knowledge and pave the way for
individuals starting their careers in the ?nancial services
industry. Sharing a common goal, the Citadel Capital
Financial Services Center has successfully obtained CISI
accreditation as an accredited training provider for the
past three years. Recently, the center has applied to renew
its accreditation in order to continue training professionals
on CISI quali?cations and diplomas.
CCFC’s partnership with CISI will enhance the delivery of
?nancial education at AUC. It contributes to bridging the
gap between classroom learning and real-life practice,
and adds to the credentials of AUC ?nance students.
Obtaining CISI certi?cation prepares participants for
real-life challenges and enables them to compete in
rapidly changing ?nancial markets. Participants have the
opportunity to participate in widely recognized training
programs, sit for CISI qualifying exams and become
accredited professionals by a leading training institute in
the ?eld of investment.
Women’s Entrepreneurship and Leadership Program
The Women’s Entrepreneurship and Leadership (WEL) Program was established in 2008 as part of a global
initiative aiming to provide 10,000 underserved women with business and managerial education. As part of this
initiative, Goldman Sachs has established partnerships between universities around the world. In this context,
the center partnered with the Wharton School of Business, University of Pennsylvania, to co-design and deliver
The 10,000 Women Entrepreneurship and Leadership Certi?cate Program for Egypt and the Arab world. In June
2009, WEL signed a memorandum of understanding with the Social Fund for Development to facilitate access to
capital for graduates of the certi?cate program.
In its second year, WEL worked on translating and Arabizing the curriculum to ensure greater outreach to the
Arab region. More than 1,000 applications were received in 2009 - 2010, of which 100 were selected and offered
the scholarship. WEL capitalized on its partnership with the Social Fund for Development to reach out to female
entrepreneurs all over Egypt. By the end of the 2009 - 2010 academic year, the total number of participants who
graduated was 140.
The Experts in Residence Service is a new initiative launched by WEL in June 2010. It aims to provide graduates
with one-on-one consultation with experts from different ?elds in an effort to enhance their business practices
and skills. Experts were recruited from a wide range of ?elds and included academicians, business consultants
and entrepreneurs.
AGREEMENTS, PARTNERSHIPS
AND PROJECTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Citadel Capital Financial Services Center
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
International Executive Education Institute
In partnership with world-class executive development providers, the International Executive Education Institute
(IEEI) organized and conducted several events including:
Risk Management
Complete course on risk management with the Professional Risk Managers International Association (PRMIA)
(October 25 – 29, 2009 and February 22 – June 8, 2010). Two risk management programs were developed in
partnership with PRMIA; the ?rst program was a ?ve-day intensive course, while the second was a 60-hour,
intensive program.
ICT
Business Development in the Networked Digital Industry Seminar in partnership with Marshall School of Business,
University of Southern California USC, USA (4-5 November 2009). Program developed in partnership with the
Marshall School of Business USC to provide fundamentals of designing business models for digital platforms.
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Executive Development Program (EDP)
IEEI Executive Development Program EDP
(February – May 2010)
A four-month integrated, multi-partner modular executive
development program developed in partnership with ?ve of the
world’s top business schools and institutions:
• Rotterdam School of Management, Erasmus University,
The Netherlands.
• IE Business School, Madrid, Spain.
• Center for Creative Leadership, Brussels, Belgium.
• Babson College, USA.
• Darden School of Business, University ofVirginia, USA.
Kellogg School of Management, AUC’s School of Business Executive
Development Program, Cairo and Chicago (June 13 - July 2, 2010)
Kellogg School of Management, Northwestern University, USA.
In its second year, the general management program included a one-
week stay in Cairo, Egypt and two weeks in Chicago, USA.
Business Development in the Networked Digital Industry Seminar (November 4 – 5, 2009)
IEEI Executive Development Program, Cairo, Egypt,
February 4 – May 22, 2010
Kellogg School of Management, AUC’s School
of Business Executive Development Program,
Cairo and Chicago (June 13 - July 2, 2010)
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Common Market for Eastern and Southern
Africa (COMESA)
Third COMESA Investment Forum, Sharm El Sheikh, Egypt
(April 12 – 13, 2010)
Egypt hosted the Third COMESA Investment Forum,
organized by the COMESA in cooperation with Egypt’s
Investment Ministry. The aim of the forum was to
promote trade and investment by the COMESA states
through discussions between investors, business
leaders and senior policy makers. IEEI represented
AUC at the forum.
The TechWadi Global Entrepreneurship Forum
The TechWadi Global Entrepreneurship Forum, Lebanon
(June 23, 2010)
The forum, held for the ?rst time in Beirut at the
Olayan School of Business (OSB) at the American
University of Beirut (AUB), emphasized accelerating
entrepreneurship and venture capital in Lebanon and
across the Middle East North Africa region. It also
offered networking opportunities with international
investors, executives, entrepreneurs and policymakers.
Ghada Howaidy, director of IEEI, was a speaker at a
panel discussion on “How to Launch from
Solid Ground.”
The EuroMoney Egypt Housing and Real Estate
Finance Conference
The EuroMoney Egypt Housing and Real Estate Finance Conference,
Egypt (June 15, 2010)
Ghada Howaidy, director of IEEI, moderated a panel
on “Meeting International Best Practices through
Education and Cooperation” at the conference.
Global Supply Chain
Global Supply Chain Management course (April 27- 29, 2010)
A program developed in partnership with the IE
Business School in Spain, with the aim of improving
operational performance in organizations through the
successful integration of supply chain components.
Company-Speci?c Programs
• General Motors Egypt (June 2010 - February 2011)
Star Program is an integrated program aiming to
assist participants in grasping foundation concepts
and their practical application.
• Africa Export Import Bank (July 2 - 3, 2010)
Included a program titled Managing People for
Improved Business Performance.
• Arab Bank (July 6 - 11, 2010)
Two programs titled Credit Analysis Tools of Bank (July
6 – 7, 2010) and Capital Adequacy and Promotion of
Financial Stability Program (July 10 – 11, 2010).
“
“
– Rajeev Chaba,
Chairman and Managing Director,
General Motors Egypt
We are working with the International Executive
Education Institute at the American University in Cairo
on a customized program to provide top end management
inputs to our top talent group known internally as GM
Egypt Star Program. I speci?cally liked the structure
and execution of the program which is spread over ?ve
modules throughout the year. It allows participants to
absorb, internalize and practice some of their leanings
between sessions and come back with feedback for the
rest of the group,. The Curriculum is very well-rounded
and really focused on practical knowledge.
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
Of?cial launch of KCC, 8 February 2010
(Left) Hisham El Khazindar ’96, Co-Founder and Managing Director, Citadel Capital, Egypt
(Right) Ahmed Tolba ’97, ’01, Assistant Professor of Marketing, Director of KCC, AUC
THE YEAR IN REVIEW: PORTAL TO THE WORLD
“
“
The AUC Business School, with its impressive array of outstanding
university and corporate partners, is transforming itself into a major center of
excellence where both regional and international researchers and students can
?nd an environment conducive to learning and the exchange of ideas. I am
proud to be a friend of the AUC business school.
– G. Harindranath, senior lecturer in management
information systems and director, Royal Holloway
MBA in Hong Kong, School of Management, Royal
Holloway, University of London
El-Khazindar Business Research and Case Center
In collaboration with IGI Global, El-Khazindar Business Research and Case Center (KCC) ?nalized an agreement
in February 2010 for a Case Series Journal. The ?rst edition is to be published by Fall 2010. Seventeen long cases
submitted for the project by different authors from Egypt and the MENA region are awaiting ?nal publication.
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
Monal AbdelBaki ’83, ’88
Visiting Assistant Professor of Economics
• Elected as a member of the International Centre for Banking and Corporate Governance of the
National Bank of Ukraine.
• Consultant to the United Nations World Food Programme (WFP).
• Participated as a delegate in the COMESA Investment Forum, April 2010.
• Helped organize the United Nations Walk the World event, AUC, June 6, 2010.
• Participated in the EuroMoney Egypt Housing and Real Estate Finance conference, June 15, 2010.
• Presented a paper titled “Subsidies and Alternative Public Policy Approaches to Food Security:
An Empirical Application to Egypt” at the International Association of Schools and Institutes of
Administration Conference, Bali, Indonesia.
• Presented a paper titled “Overcoming Challenges to Human Well-being: A Public Choice
Application to Egypt” at the International Institute of Administrative Sciences Conference,
Bali, Indonesia.
• Delivered a lecture about new anti-money laundry laws in Egypt at the International Conference
on Financial Crime and Terrorism Financing, Kuala Lumpur, Indonesia, July 2010.
Galal Amin
Professor of Economics
• Delivered the Qostantine Zoreiq lecture titled “The Future of Arab Nationalism,” organized by the
Foundation of Palestinian Studies, Beirut, March 2010.
Marina Apaydin
Assistant Professor of Management
• Conducted a case-writing workshop with a focus on corporate sustainability, organized by
El-Khazindar Business Research and Case Center, AUC, April 18, 2010.
Conducted several workshops during the year including note taking and speed reading, how to
solve a business case, and how to get and ace a job interview.
• Participated in Science with Africa (SWA) II conference organized by UNICA, Addis Ababa,
Ethiopia, June 23-25, 2010.
The second Science with Africa conference titled Science, Innovation and Entrepreneurship
addressed speci?c themes examining ways of promoting innovation and entrepreneurship through
science, technology and innovation policies.
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
Khaled Dahawy ’90
Director of MBA Programs and Associate Professor of Accounting
• Participated in the Association for Global Business, International Academy of Linguistics,
Behavioral and Social Sciences annual research, Orlando, Florida, USA, November 12 - 15, 2009.
• Attended The Role of the Quality Control on the Auditing Profession, Egyptian Accounting
Association, Cairo, Egypt, December 21 - 22, 2009.
• Attended The New Real Estate Tax in Egypt, Al-Ahram Center for Political and Strategic Subjects,
Al-Ahram Foundation, Cairo, Egypt, December 23 - 24, 2009
• Speaker at the 33rd European Accounting Association Annual Conference, Istanbul, Turkey,
May 19 - 21, 2010.
• Speaker at the American Accounting Association (AAA) annual meeting and conference on
teaching and learning in accounting, San Francisco, USA, July 31 - August 4, 2010.
Mohga Badran ’85
Professor of Management and Chair of the Department of Management
• Trainer at a program titled Train the Trainer, Arab Women Organization, Arab League, Cairo, Egypt,
January 24 - 28, 2010.
• Trainer at a program titled Principles of Project Management, Arab Women Organization, Arab
League, Cairo, Egypt, March 28 - April 1 2010.
• Participated as a member of the Egyptian delegation to the Global Reporting Initiative (GRI) -
Amsterdam Global Conference on Sustainability and Transparency, Amsterdam, Holland,
May 26 - 28, 2010.
• Attended the Academy of Management annual meeting, Montreal, Canada, August 6 - 10, 2010.
Adel Beshai ’63
Professor of Economics
• Invited by the University of Bologna (along with a professor from the United Kingdom and another
from China, as well as three scholars) to deliver a lecture to graduate students and faculty members
as part of the university’s new MA program in development and innovation. The lecture was titled
“End of the Cheap Food Era?” Italy, March 2010.
• Participated as a major discussant and active member in the XXII edition of the Villa Mondragone
Economic Conference, which is the highest level economic conference in Italy devoted to economic
issues of important policy relevance, Italy, June 2010.
• In accordance with the agreement between AUC and the University of Rome (2006), Adel Beshai
lectures every year for the graduate program at the University in Rome. In June 2010, Beshai and
Professor D. Salvatore were voted by students as the best professors of the year, and their module
of international economics was largely successful.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Maha El-Shinnawy ’84 ’86
Professor of Management, Director of the Goldman Sachs Women’s
Entrepreneurship and Leadership Program
• Invited to speak at the Entrepreneurship in Higher Education seminar, AUC, Cairo, Egypt,
March 2009.
• Invited as a speaker at the International Women’s Entrepreneurship and Leadership Summit,
promoting female entrepreneurship in the Arab region, Istanbul, Turkey, June 2009.
• Invited as a panel speaker at the Leadership Academy, accessing capital for female entrepreneurs,
New York, USA, July 2009.
• Invited as a participant at the Management Accelerated Program, INSEAD, France,
September 2009.
• Keynote speaker at the Arab Women’s Leadership Summit, United Arab Emirates, January 2010.
Abeer Elshennawy
Assistant Professor of Economics
• Invited as a participant in the Cairo Agenda for Action Situation Analysis, Consultation with
CSOs and Business, Cairo, Egypt, May 17 - 18, 2010.
• Invited as a participant in the launch conference of Egypt’s Human Report titled Youth in Egypt,
Building our Future, Egypt, June 27, 2010.
Hala El Ramly ’85
Associate Professor of Economics and Chair of the Department of Economics
• Participated in the Business Climate Development Strategy of Egypt conference, organized by
the Ministry of Investment in cooperation with The Organization of Economic Cooperation and
Development (OECD) and The European Commission in Cairo, Cairo, Egypt, October 12, 2009.
• Participated in the 16th annual conference of the Economic Research Forum, Cairo, Egypt,
November - 9, 2009.
• Participated in the annual conference of the Forum Euro-Mediterraneen des Instituts Economiques
(FEMISE), Brussels, Belgium, November 14 - 15, 2009.
• Presented “A Re-examination of Income Convergence among Arab Countries” at the 30th Annual
Conference of the Middle East Economic Association, which was held in conjunction with the 2010
annual convention of the Allied Social Science Association (ASSA), Atlanta, Georgia
January 3 - 6, 2010.
• Participated in a workshop titled Situation Analysis: Cairo Agenda for Action on Aid Effectiveness,
Cairo, Egypt, May 17, 2010.
• Participated in the launch conference of the seventh annual Egyptian Competitiveness Report
titled Green Egypt: A Vision for Tomorrow, organized by the Egyptian National Competitiveness
Council, Cairo, Egypt, May 24, 2010.
• Participated in the United Nations Walk the World event, AUC, Cairo, Egypt, June 6, 2010.
• Participated in the launch conference of the Egypt Human Development Report 2010 titled Youth
in Egypt: Building our Future, Cairo, Egypt, June 27, 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Shawki Farag
Professor of Accounting and Chair of the Department of Accounting
• Participated at Yale Arab Alumni Association event, American University of Beirut, Lebanon, October 2 - 4, 2009.
• Chair at the European Accounting Association (EAA 2010), Istanbul, Turkey, May 19 - 21, 2010.
• Speaker at the METU-BU conference, Middle East Technical University, Ankara, Turkey, June 2010.
• Speaker at American Accounting Association (AAA) annual meeting, San Francisco, California, USA,
July 31 - August 4, 2010.
Medhat Hassanein
Professor of Finance and Banking and Egypt’s former Minister of Finance
• Selected to serve on the Commission for the Legal Empowerment of the Poor, formed by the United Nations
Development Programme (UNDP).
• Selected to serve on the Joint Committee on the Remuneration of Executive Directors and their alternates (JCR) of
the World Bank and the International Monetary Fund.
• Organized and chaired a session by John Kasarda, Kenan Distinguished Professor of Management, Strategy
and Entrepreneurship, University of North Carolina titled “The Cairo Aerotropolis: Providing Egypt’s 21st Century
Competitive Edge,” on December 3, 2009. The lecture was given to 350 top executives and middle managers of the
public and private civil aviation sector in Egypt. The Egyptian Minster of Civil Aviation was the discussant at the
lecture. Hassanein gave a complementary presentation titled “Financing Models of Aerotropolis: The Case of Egypt”.
• Participated, together with UNDP’s regional of?ce in Cairo, in organizing a roundtable discussion titled “Regional
Implementation of the Pillars of the Legal Empowerment of the Poor Report,” Cairo, Egypt, December 13, 2009. This
was attended by government of?cials from the Middle East and North Africa region, representatives from the private
sector, parliamentarians, press representatives, lawyers and academicians.
Stephen Everhart
Associate Dean of the School of Business
• Delivered an AUC 101 presentation at the AACSB’s Small Schools Forum in Baltimore, USA,
September 2009.
• Presented a seminar and review of a green energy project under development at AUC, a biodigester
with the Desert Development Center (DDC), at the United States Trade Development Agency in
Washington, DC, September 2009.
• Served as the keynote speaker at the Project on Middle East Democracy conference, delivered
the keynote speech on human security and economic development at the November 2009 Project of
Middle East Development (POMED) conference.
• Delivered the keynote speech titled “Finding the Exit: Turning Venture Capital into an IPO” at the
African Venture Capital Association’s annual meeting, November 2009.
• Served as a panelist and discussant for the Islamic Countries Conference on Statistical Sciences
(ICCS-X) session on governance and indicators, December 2009.
• Led the project ?nance panel at the Renewable Energy and Clean Technology International and
Investment conference convened by the Overseas Private Investment Corporation (OPIC), New Delhi,
India, May 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Tarek Hatem
Professor of Management
• Participated in and organized the Conference on Promoting Entrepreneurship in the Global
Economy: The Role of Education, Policy and Research, with experts from the International Council
of Small Business (ICSB), Cairo, Egypt, October 19, 2009.
• Participated at the KMD Method for Media Innovators (creative global leaders of creative
industries), Tokyo, Japan, November 2 - 7, 2009.
• Participated and organized a workshop titled The Essential Elements of Education and Training
for Future Entrepreneurs and SME Owners, Industrial Modernization Center, Cairo,
November 16 - 18, 2009.
• Panelist at Best-Practices in Entrepreneurship Policy (B-PEP), Arab-regional conference hosted
by the Dubai School of Government, Dubai, United Arab Emirates, November 19 - 20, 2009.
• Participated in the Middle East Council for Small Business and Entrepreneurship (MCSBE) and
the International Development Research Centre (IDRC)’s Entrepreneurship Policy Seminar titled
“Looking Forward: Entrepreneurship Policies for Egypt,” Cairo, Egypt, December 3, 2009.
• Participated in the Egyptian Competitiveness annual conference, Cairo, Egypt, February 2010.
• Lead academic faculty presenter at the strategic planning workshop for the Ministry of Tourism,
Dubai School of Government, February 2010.
• Lead academic faculty presenter at the strategic planning workshop for the Department of
Electricity and Water Authority (DEWA), Dubai, March 2010.
• Lead academic faculty presenter at the strategic planning workshop for the Department of
Electricity and Water Authority, Dubai School of Government, April 2010.
• Presenter of “Strategies to Foster Greater Creativity and Innovation Actions in Egyptian Firms,” at
the 17th annual AUC Research Conference, April 2010.
• Presenter of the “Design and Implementation of Youth Entrepreneurship Programs” at Making
Youth Entrepreneurial, organized by the International Labor Organization (ILO), Sharm El Sheikh,
Egypt, May 5 - 7, 2010.
Ahmed Kamaly
Associate Professor of Economics
• Invited and participated in the Organization for Economic Co-operation and Development (OECD) Global Forum
on International Investment, Paris, France, December 2009.
• Presented a paper titled “Does FDI Crowd in or out Domestic Investment? The Case of Egypt” at the Middle East
Economic Association meeting, Atlanta, USA, January 2010.
• Presented a paper titled “Modeling Total Factor Productivity in Developing Countries: The Case of Egypt” and
chaired a session in the Third Euro-African Conference of Finance and Economics, University of Sorbonne, Paris
France, June 2010.
Maha Mourad ’95, ’99
Assistant Professor of Marketing
• Participated in the Promoting Equity in Higher Education Conference at the Higher Education Academy,
Nottingham, United Kingdom, January 27 - 28, 2010.
• Participated in the International Conference on Higher Education Marketing at the Academy of Marketing,
Southampton, United Kingdom, March 29 - 31, 2010.
• Participated in the 21st International Conference on College Teaching and Learning, Florida, USA,
April 19 - 23, 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
• Presented in the Accreditation, Quality Assurance and Continuous Improvement at the
Management Center of the School of Business, 3rd Annual Healthcare Quality Accreditation
Symposium, Faculty of Medicine, Alexandria University, Egypt, April 1, 2010.
• Participated in the Presidential Summit on Entrepreneurship, Washington, D.C, USA,
April 26 - 27, 2010.
• Participated in the ICT Solutions Using Entrepreneurship and Innovation, Panel on Innovative
Solutions to Youth Challenges, Launching of the Egypt Human Resource Development Report 2010.
Youth Egypt: Building Our Future, United Nations Development Program and Institute of National
Planning, Ministry of Economic Development, Egypt, June 27, 2010.
• Participated in the Association to Advance Collegiate Schools of Business (AACSB International)
Strategies for High-Performing B-Schools: A Seminar for Experienced Deans, Chicago, Illinois, USA,
July 25 - 28, 2010.
• Participated in the Academy of Management Annual Meeting on Dare to Care, Passion and
Compassion in Management Practice & Research, Montreal, Canada, August 6-10, 2010.
Sherif Kamel ’87, ’90
Dean of the School of Business
• Participated in the London School of Economics Alumni Association Leadership Forum, London,
UK, September 25 - 26, 2009.
• Participated in the Eisenhower Fellowships Conference on Energy, the Challenges for Environment
and Security, Paris, France, October 1 - 2, 2009.
• Participated in the Association to Advance Collegiate Schools of Business (AACSB International)
New Deans Seminar, Tampa, Florida, USA, October 25-28, 2009.
• Presented in the Social Network Systems Panel, Proceedings of the 8th Global Mobility Roundtable
on Transforming Through Mobility, Cairo, Egypt, November 1-3, 2009.
• Participated in the Partners for Development, Experience of the Italian-Egyptian Debt Swap
Program in the Consultation on Policy Options for Dealing with the Impact of the Financial Crisis
on the External Debt of Developing Countries Meeting, United Nations Department of Economic and
Social Affairs, Financing for Development Of?ce, Geneva, Switzerland, November 13, 2009.
• Presented in the Workshop on Research on Access to Knowledge and Development, Proceedings of
the 4th Internet Governance Forum, Sharm El Sheikh, Egypt, November 14 - 18, 2009.
• Presented in the Business Faculty, Recruitment, Deployment and Development Panel, AACSB
International World Class Practices in Management Education Conference, Dubai, UAE,
December 6 - 8, 2009.
• Presented in the Education in Egypt: Challenges and Opportunities Panel, Alliance of Civilizations
International Fellowship Program, British Council, Egypt, March 8, 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Nagla Rizk ’83, ’87
Associate Professor of Economics, Director of the Access to Knowledge for
Development Center (A2K4D)
• Invited by Harvard Law School to lecture to Professor Yochai Benkler’s students on “Intellectual
Property and Access to Knowledge: The Case of The Creative Industries in Egypt.” Presented
research on access to knowledge in Egypt, and moderated the session on free culture in society at
a workshop on free culture research, Cambridge, Berkman Center for Internet and Society, Harvard
Law School, October 22 - 23, 2009.
• Presented a “Technology Transfer or Adaptation in the Arab World”, panel held within the launch
of the 2009 Arab Knowledge Report, hosted by the Arab Strategy Forum, United Nations Development
Programme and Al Maktoum Foundation, Dubai, United Arab Emirates, October 28 - 29, 2009.
• Presented on “Prospects for Regional Research projects on Access to Knowledge (Information
Technology) and Knowledge-Embodied Goods (Access to Medicines)” at a roundtable discussion
organized by Bloomsbury Qatar Foundation Publishing, Doha, Qatar, October 31 – November 1, 2009.
• Participated in a workshop entitled Intellectual Property, Competition and Human Rights at the
Internet Governance Forum, organized by Abbe Brown from the University of Edinburgh, Sharm El
Sheikh, Egypt, November 18, 2009.
• Selected by the United Nations Development Programme and Casa Arabe of the Spanish Ministry
of Foreign Affairs to represent the authors of the 2009 Arab Knowledge Report. Gave a presentation
titled “Enabling Environments for Arab Knowledge – Freedoms, Knowledge Production and
Measurement.” Spain, April 28 - 29, 2010.
• Invited to Women Arab Techies, Beirut, Lebanon, May 11 - 14, 2010 to talk about access to
knowledge and discuss a regional project of the A2K4D center focusing on open-source software.
• Participated in the First Middle East and Africa Open-Source Software Technology Forum, June
15 - 16, 2010. Assisted in writing and editing the English version of the Concepts Declaration of
the forum.
“
“
– Nagla Rizk ’83, ’87
Associate Professor of Economics, AUC
I appreciate the fresh outlook and the
momentum that has taken place at the
school over the past year. I look forward
to further outcomes of such dynamism in
the next couple of years.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Tarek Selim’92, ’95
Associate Professor of Economics
• Invited to participate at Competitiveness and Economic Policy: Methodology and Prospects for Business
Development, Dubai Economic Council, Dubai, 2009.
• Speaker at the Forces of Competition and their Implications for Egyptian Competition Policy workshop, Egyptian
Competition Authority, February 2010.
• Speaker at the Market Concentration Ratios and their Use in Competition Policy seminar, Egyptian Competition
Authority, Cairo, March 2010.
• Speaker at the Market Structure: Damage of Monopoly Power workshop, Egyptian Competition Authority, Cairo,
March 2010.
• Keynote speaker at the Techno-economic Analysis for Egyptian Nuclear Energy, International Conference on
Engineering Solutions for Sustainable Development, New Cairo, April 2010.
• Speaker at the Market Concentration Ratios and their Use in Competition Policy workshop, Egyptian Competition
Authority, Cairo, April 2010.
• Speaker at the Market Structure: Oligopoly and Cartel workshop, Egyptian Competition Authority, Cairo, April 2010.
• Invited to participate in Toward a New Energy and Environmental Policy for Egypt: Development of Clean Sources
in an Emerging Economy, Indian Council for Research on International Economic Relations (ICRIER), New Delhi,
India, May 2010.
• Presented the Market Monitoring System, Egyptian Competition Authority, Cairo, May 2010 .
• Speaker at the Market Evolution and Blue Ocean Strategy: Implications for Competition Policy workshop, Egyptian
Competition Authority, Cairo, June 2010.
• Speaker at The Culture of Competition in Egypt, Egyptian Competition Authority panel symposium at the Egyptian
Media Syndicate, Cultural Awareness Section, Cairo, Egypt, June 2010.
• Participated as a faculty af?liate at the Microeconomics of Competitiveness (MOC) Faculty Af?liation Program,
Harvard Business School, Institute for Strategy and Competitiveness, Cambridge, Boston, USA.
Mona Said ’89, ’91
Assistant Professor of Economics
• Presented “Trade liberalization and Labor Rewards in Egyptian Manufacturing: Is There a Wage-
Job Quality Tradeoff?” at a Workshop on Economics of the Mediterranean and the Euromediterranian
Process organized by CREMed (IEMed and Barcelona GSE) and the European Institute (LES),
Barcelona, Spain, July 16 - 17, 2010.
• Participated in the Third World Congress for Middle Eastern Studies, organized by the IEMed, the
Universitat Autònoma de Barcelona (UAB) and the Government of Catalonia, Barcelona, Spain, July
19 - 24, 2010.
Abdelkrim Seghir
Assistant Professor of Economics
• Visited the University of Nova in Lisbon, Portugal, April 15 – May 4, 2010.
• Started a research project with Professor Mario Rui Pascoa, chairman of the Economics Faculty
Council, on credit markets and default.
• Visited the Department of Economics at the University of Chile, Santiago, May 10 – 31, 2010.
• Started a research project in collaboration with Professor Juan Pablo Torres-Martinez, academic
director of graduate programs in economics, on credit markets and restricted ?nancial participations.
• Presented a paper titled “Ponzi Schemes, Equilibrium and the Elasticity of Credit Constraints”
at the Third Euro-African Conference in Economics and Finance, University of Paris 1, Pantheon-
Sorbonne, June 2010.
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103
A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Wa?k Younan
Associate Professor of Economics
• Presented “Moments of Order Statistics of a Generalized Beta and Arcsine Distributions with
Some Special Cases” at the Tenth Islamic Countries Conference on Statistical Sciences (ICCS-X),
AUC, Egypt, December 20 - 23, 2009 (to appear in the conference proceedings).
• Presented “Moments of Order Statistics of a Generalized Normal Distribution” in the Ninth
International Conference on Ordered Statistical Data and its Applications (OSDA), Zagazig
University, Egypt, July 11 - 13, 2010 (appeared in the book of abstracts).
Samir Youssef
Professor of Management and International Business
• Chosen by the United Nations Development Programme (UNDP), among case-study writing experts from a number
of countries including India, Turkey, Iran, Ukraine, Morocco and Tunisia, the Growing Inclusive Markets Project. The
project aims to engage low-income consumers in private business activities.
Authored two case studies funded by UNDP to be used as business models across Egypt and other developing
countries.
• Attended conference organized by the Eurasia Business and Economic Society (EBES), Istanbul, Turkey, May 26
- 28, 2010 and presented a paper titled “Structural Requirements of IT Outsourcing,” which was published in the
abstract proceedings of the conference.
• Attended the fourth biennial conference of the Academy of World Business, Marketing and Management
Development (AWBMAMD), hosted by The University of Oulu Business School and the Martti Ahtisaari Institute of
Global Business and Economics, University of Oulu, Finland, July 12 - 15, 2010.
Youssef presented a paper titled “Applying the Porter’s Diamond to the Development of IT outsourcing Industry in
Egypt.” The abstract was published in the proceedings book, and the full paper was published in a proceedings CD.
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105
STUDENT EXPOSURE
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Third Festival of Thinkers Conference (Abu Dhabi, November 4 - 5, 2009)
For the ?rst time, Stephen Everhart, associate dean of the School of Business and two of AUC’s top business
students –– Rosetta Wahba ’10 and Mohamed Bahaa ’10 –– were hosted by the government-sponsored Festival
of Thinkers conference held at the United Arab Emirates. This biennial event is a platform to foster and celebrate
thinking among youth of the region, allowing them to share ideas and thoughts with a total of 15 Nobel Prize
winners, plus 1,000 leaders from the world stage including HM Carl XVI Gustaf King of Sweden; Cherie Blair; Mike
Moore, former prime minister of New Zealand; Lady Barbara Judge, chair of the UK Atomic Energy Authority; and
Fidel Castro Diaz-Balart of Cuba.
AUC School of Business banner displayed at SWA II exhibition,
Addis Ababa, Ethiopia, June 23-25, 2010
Collaboration between business students at the American University in Cairo (AUC) and students
from the Information, Science and Technology College (IST) at Pennsylvania State University (PSU)
on a global team project (January – May 2010)
The project was initiated by PSU, IST College as part of a course titled Human Diversity in the Global Information Economy.
Half of the course was dedicated to global diversity, where teams of PSU students worked with a team of students in another
country viewed as domain experts about an information system that requires knowledge of national context. PSU students
worked as information analysts and AUC students as context experts. At the end of the project, PSU students were required
to develop a conceptual design of a website that targets Egyptian users.
This project was led by Hoda Hosny, professor of management of information systems and Nahed Amin, assistant professor
of management of information systems, AUC.
Video conference session on food security issues with Auburn University (April 27, 2010)
Video conference between Econ 414 (Economics of Egypt) class of Monal Abdel Baki, visiting assistant professor of
economics, and Professor Douglas Coutts’ class at Auburn University was held as a method of sharing learning experiences
and enhancing interactive learning with venerable U.S. institutions.
South American Business Forum (SABF) (Argentina August 6 - 9, 2010)
Farida Kamel, who is double majoring in business administration and economics, participated in the SABF in 2010. Each
year the forum receives 100 outstanding university students from around the world, together with 40 leaders in business,
political and academic areas. The 2010 event explored topics of global relevance with the aim of encouraging dialogue and
interaction between current and future leaders in order to contribute to the development of the region.
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“
“
My experience at AUC was truly an overwhelming one. I got exposed to plenty
of opportunities that helped shape my character and develop my networking
and professional skills. Being part of the School of Business was a life-changing
experience, not only in terms of learning from professors with diverse backgrounds
and teaching orientations, but also from the various training and exchange
opportunities offered by the school. All these experiences are accessible to anyone
who seeks to leave an impact on Egypt’s economic development.
– Mariam Beshay,
School of Business Finance Graduating Senior
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109
INTERNATIONAL STUDENT VISITS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Columbia Business School, Columbia University MBA Student Visits - January 2010
AUC’s School of Business received a delegation of students and faculty from the MBA program at the Columbia
Business School, Columbia University, USA on January 10 2010, as part of the international requirement of
their MBA.
Members of the delegation attended four lectures at AUC titled “Status and Development of the Egyptian Stock
Market” by Osama Mourad, chief executive of?cer, Arab Finance Company; “Status of the Suez Canal and its
Role in the Egyptian Economy” by Tamer El Nashar, Suez Canal Authority; “The Banking Industry in Egypt and the
impact of privatization” by Monal Abdel Baki, visiting assistant professor of economics, AUC; and “The Energy
Sector in Egypt” by Khalid Abou Bakr, chief executive of?cer, Taqa Company.
Sherif Kamel, dean of the School of Business, gave a presentation highlighting AUC’s history and role within the
region. Khaled Dahawy ’90, director of MBA programs and associate professor of accounting, accompanied the
delegation on a visit to Vodafone Egypt.
Russian scholar and student visit – February 2010
The group consisted of six students from the Peoples’ Friendship University of Russia who are studying
international economics and ?nance. The delegation visited the AUC campus, the School of Business as well as
the university residences, and gave a brief presentation on Russia and its economy.
Columbia Business School student visit, January 10, 2010
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INTERNATIONAL STUDENT VISITS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Darden School of Business, University of Virginia MBA Student Visits - March 2010
AUC’s School of Business received a delegation from the Darden School of Business, University of Virginia on
March 8, 2010. The visit included 25 of the top students at the Darden School of Business as well as three of
its faculty members.
Members of the delegation attended four lectures at AUC titled “Information Technology in Egypt” by Sherif
Kamel, dean of the School of Business; “Status and Development of the Egyptian Stock Market” by Osama
Mourad, chief executive of?cer of Arab Finance Company; “The Banking Industry in Egypt and the Impact
of privatization” by Monal Abdel Baki, visiting assistant professor of economics, AUC; and “The Corporate
Responsibility” by Dina Sherif, associate director of the John D. Gerhart Center for Philanthropy and
Civic Engagement.
University of North Florida (UNF) business student visit - March 2010
Ahmed Tolba ’97, ’01, assistant professor of marketing, organized an exchange program between his international
marketing undergraduate students and international business students at the University of North Florida (UNF).
Students exchanged ideas through Blackboard during the semester. Then, UNF students visited AUC in March
2010, and a full-day panel took place. Students discussed and presented speci?c international business topics,
and prominent guest speakers contributed to the discussions.
Darden School of Business student visit, March 8, 2010
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
Daniel L. Shapiro, Harvard business professor, visited the School of
Business and met with Stephen Everhart, associate dean of the School of
Business, during his visit to Egypt, October 18, 2009.
The Women’s Entrepreneurship and Leadership
Program organized two panel discussions to celebrate
Global Entrepreneurship Week, during the week of
November 15, 2009.
The Honorable Gerry Weiner PC, former minister of immigration
and citizenship of Canada, and director of investor relations-Pace
Global Advantage, conducted a seminar titled “Canada and the
Economic Global Crisis: A Landscape for Opportunity,” along with
David Turnbull, CFP, CFA, MBA, director of ?nancial planning and
investments at Pace Global Advantage, as well as founder and
chief executive of?cer of ARCH CAPITAL, INC., October of 2009.
The International Executive Education Institute organized the eighth
Global Mobility Roundtable conference (GMR), Cairo, November 1 -
3, 2009. GMR brings together experts and decision-makers from
industry, academia and policy-making agencies. It aims to build
and support sustainable international networks of researchers and
practitioners working in the mobile communications and wireless
data industry.
Masood Ahmed, director of the Middle
East and Central Asia department of the
International Monetary Fund, was invited
by the Department of Economics to give a
lecture at AUC on “Economic Outlook of the
Middle East Region,” November 9, 2009.
BNP Paribas held a daylong recruiting event for School
of Business students and conducted a seminar on
their annual investment challenge. Their visit to AUC
was their ?rst foray outside continental Europe, and
the School of Business was the only Middle Eastern
university invited to participate, November 24, 2009.
Olivier Blanchard, economic counselor and director of the research
department of the International Monetary Fund, was invited by the
Department of Economics to give a lecture at AUC titled “The Crisis:
Past, Current and Future,” December 7, 2009.
Elizabeth Fletcher, AACSB’s leading expert on assessment and assurance of learning,
led a two-day conference on assessment and assurance of learning for School of
Business faculty, December 2009.
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115
DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
Sherif ElKholy, managing partner of Actis Capital,
held a seminar on venture capital opportunities in
Egypt and the region, December 2009.
Dipak C. Jain, former dean and professor of marketing and
entrepreneurial studies, Kellogg School of Management,
Northwestern University, USA and member of the dean’s strategic
advisory board, held a lecture titled “The Future of Marketing” in
collaboration with the American Chamber of Commerce in Egypt,
February 7, 2010.
George Yip, dean of the Rotterdam School
of Management, Erasmus University,
The Netherlands, and member of the
dean’s strategic advisory board, held
a lecture titled “Internationalization of
Business Schools” in February 2010.
Günter Busch, School of Environmental Science
and Process Engineering, Brandenburg University
of Technology Cottbus (BTU), Germany, held a
renewable energy seminar titled “Producing Biogas
from Waste,” March 1, 2010.
Hassan Aly, chief research economist at the African Development Bank, was invited
by the Department of Economics to give a lecture at AUC titled “Africa’s Recovery
from the Global Recession: Opportunities and Challenges,” March 3, 2010.
Nina Fedoroff, Hillary Clinton’s science and technical adviser, had a
meeting at the School of Business with Stephen Everhart, associate
dean of the School of Business and Sherif Kamel, dean of the School
of Business, during her visit to AUC on April 15, 2010.
R. Edward Freeman, professor of business administration,
Darden Business School, University of Virginia, USA, held
a lecture titled “Putting Business and Ethics Together:
How Corporate Governance Can Improve Your Bottom
Line,” in collaboration with the American Chamber of
Commerce in Egypt, in May 2010.
Stephen Thomas, CASS Business School, City University
London, United Kingdom, held a lecture titled “The
Financial Services Industry Post Crisis: The UK Perspective”
in collaboration with the Egyptian Institute of Directors on
June 7, 2010.
The School of Business hosted the third annual Islamic Finance News (IFN) roadshow. This daylong
educational event, which traveled to 17 countries, provided an opportunity for banking professionals,
government bodies, insurance companies, lawyers, consultants and other experts to understand the
role they play in the global growth of the industry, June 9, 2010.
THE YEAR IN REVIEW: PORTAL TO THE WORLD
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117
DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Gabriel Hawawini, The Henry Grunfeld Chaired Professor of Investment Banking, professor of
?nance and former dean at INSEAD, France, received an honorary doctorate from AUC. Hawawini
delivered the commencement address at AUC’s graduate commencement ceremony held on June
16, 2010. He also gave a lecture titled “The Greek Crisis and the Future of the Euro” on June 17,
2010, in collaboration with the American Chamber of Commerce in Egypt.
Randy Folks, associate dean of the Moore School of Business,
University of South Carolina, visited AUC and met with Sherif
Kamel, dean of the School of Business as well as Stephen
Everhart, associate dean of the School of Business, on July 1,
2010. The University of South Carolina, which has been ranked
as number one, two or three for the past 21 years in U.S. News
& World Report ranking of international business programs, is
exploring a partnership with AUC’s School of Business.
The Department of Economics organized the 15th annual conference of the African
Econometric Society at AUC, July 7 - 9, 2010. The three day conference covered a
variety of economic and ?nancial topics, in the presence of distinguished professors.
Sherman Robinson, professor of Economics, Institute of Development Studies, University
of Sussex, United Kingdom, came to AUC as a distinguished visiting professor and gave
lectures organized by the Department of Economics titled “Potential Drivers of Economic
Development in the 21st Century” (July 12, 2010), “Adapting to Climate Change and
Managing the Nile: Studies of Ethiopia and the Aswan Dam in Egypt” (July 14, 2010)
and “Maximum Entropy Econometrics: Information Theory and Bayesian Estimation”
(July 15, 2010).
“
“
My experience with AUC School of Business as a member of the dean’s strategic
advisory board has been quite diverse over the past year, which I have found to be
very interesting. The school is working hard to achieve its target of producing business
leaders who can make a difference. The efforts in establishing entrepreneurship and
innovation programs are also clearly visible and highly regarded.
– Professor Soumitra Dutta, Berger Chaired Professor of Business
and Technology, founder and faculty director of eLab, INSEAD and
member of the dean’s strategic advisory board
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119
DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Courtesy ofhttp://www.news.harvard.edu/gazette/wp-
content/uploads/2008/04/08-shapiro.jpg
Nina Fedoroff, Hillary Clinton’s
science and technical adviser
Dipak C. Jain
Courtesy ofhttp://images.businessweek.
com/ss/08/07/0721_global_boards/
image/slide-13-dipak-jain.jpg
George Yip
Courtesy of mba24.com
Olivier Blanchard
Gabriel Hawawini
Paul Collier,
CBE (Commander of the Order of the British Empire)
Director of the Center for African Studies
Oxford University, UK
John Moore,
President of the Econometric Society
Edinburgh University and London School
of Economics, UK
The Department of Economics organized the 15th
Annual Conference of the African Econometric Society
at AUC, 7-9 July 2010
Osama Saleh, Chairman of the Egyptian General
Authority for Investment (GAFI), Egypt
Panelists at IFN event, 9 June 2010
120
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121
THE YEAR IN REVIEW: PORTAL TO THE WORLD
RESEARCH SEMINAR SERIES
The School of Business is aware of the importance of exchanging research ?ndings. On this basis, a series of
seminars were initiated to discuss research topics of interest to students and faculty members.
• “Fostering Innovation Through Information Technologies for Strategic
and Economic Prosperities,” March 18, 2010.
Mehdi Khosrow-Pour, president and publisher of IGI Global and editor in
chief, Journal of Cases in Information Technology.
• “Developing Effective Teaching Cases: Techniques and Challengers
Workshop,” March 18, 2010.
Mehdi Khosrow-Pour, president and publisher of IGI Global and editor in
chief, Journal of Cases in Information Technology.
• “Making the Leap from the Lab to the Maket Place,” March 24, 2010.
Ra?k Loutfy, director of Xerox Center for Engineering Entrepreneurship
and Innovation, and professor and Walter Booth Chair of Engineering
Entrepreneurship and Innovation, McMaster University, Canada.
• ORACLE
“Predicting the Capture of Despots, Boeing Dreamliner Deliveries and
Oscar Winners Using the Wisdom in Crowds,” April 11, 2010.
Donald N. Thompson, economist and professor of marketing and strategy
at the Schulich School of Business at York University in Toronto, Canada,
and adjunct professor at Ozyegin University, Istanbul, Turkey.
• “Enabling Entrepreneurship in Egypt: The Role of Entrepreneurs and
Non-Entrepreneurs,” May 5, 2010.
Ahmed Tolba ’97, ’01, assistant professor of marketing, School of
Business, AUC and director of El-Khazindar Business Research and
Case Center.
• “What Innovation is Not: A Comprehensive View of Innovation,”
May 12, 2010.
Marina Apaydin, assistant professor of management, School of
Business, AUC.
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123
RESEARCH SEMINAR SERIES
IT Forums
• November 23, 2009
By Hesham Abdel Mohsen, regional marketing director for
the Middle East and Africa, at Global Knowledge
• December 3, 2009
By Omar Hamdy, ERP consultant
• December 9, 2009
“Business Intelligence,” by Magdi Kamel, professor, Naval
Postgraduate School, USA
• March 23, 2010
“E-commerce Situation Worldwide and in Egypt,” by
Wael el Fakharany, country manager, Google Egypt
“
“
The newly restructured School of Business at AUC is poised to be a game changer
for quality business education in the Middle East with its energetic leadership,
engaged strategic advisory board, supportive local community, and international
partnerships with top institutions. The focus on entrepreneurship and innovation
in the digital age is an exciting direction, which capitalizes on AUC’s capabilities
and relationships, and serves the local and global business community. I am looking
forward to developments occurring over the next ?ve years.
– Omar A. El Sawy (MA ’74), professor, Marshall School of Business,
University of Southern California, member of the dean’s strategic advisory
board, holder of an MA in enterprise management, AUC, 1974
THE YEAR IN REVIEW: PORTAL TO THE WORLD
124
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
125
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Statistics
128
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
129
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
Faculty
(2009 - 2010)
46
Full-time
faculty
43
Adjunct
faculty
223
GRADUATE
STUDENTS
2009 - 2010
114
S T A F F
2009 - 2010
958
UNDERGRADUATE
STUDENTS
2009 - 2010
130
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
131
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
8,873
Undergraduate program
6,962
Graduate program
1,911
3,847
Economics
2,676
Business
administration
439
Accounting
1,088
Master of Business
Administration
397
Economics
359
Management
67
Economics in
international development
165,000
MANAGEMENT CENTER ALUMNI
+
300+
Programs
250+
Instructors
ALUMNI OF
UNDERGRADUATE AND
GRADUATE PROGRAMS
132
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
133
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
337
I NT ERNAT I ONAL EXECUT I VE
EDUCATION INSTITUTE (IEEI) ALUMNI
19 Programs
113 Training hours
143 Companies served
EL-KHAZINDAR BUSINESS
RESEARCH AND CASE CENTER (KCC)
6 Workshops
1 Seminars
18 Long case studies –
IGI Global – submitted
and are under ?nal review
134
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
135
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
1,425
Women’s Entrepreneurship and
Leadership (WEL) alumni
CITADEL CAPITAL FINANCIAL
SERVICES CENTER
TOTAL USERS
(including recurring users)
140
136
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
137
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
OPERATING REVENUES OPERATING EXPENSES
Academic Programs
Executive Education
30%
2%
68%
Academic and Academic Support
Research
Other Expenses
31%
69%
2009
2010
School of Business
AUC New Cairo
AUC Avenue • P.O. Box 74 • New Cairo 11835, Egypt
tel 20.2.2615.3254 • fax 20.2.2795.3847
[email protected]
www.aucegypt.edu/business
doc_622483388.pdf
On this file with regards to focus and guide our efforts entrepreneurship, innovation and leadership.
ANNUAL REPORT
2009
2010
THE YEAR IN REVIEW
Within the School............................18
The Launch
New Initiatives
Awards and Honors
Student Scholarships
Within the University......................54
Collaboration within AUC
AUC Student Clubs with School of
Business Advisers
Student Internships Initiated by the
School of Business
Portal to the World..........................68
Agreements and Partnerships
Faculty Participation in Local, Regional and
International Events
Student Exposure
Visits by International Students
Distinguished International Visitors and Events
THE SCHOOL OF BUSINESS........6
Message from the Dean
Mission, Vision and Departments
The School of Business in Brief
Accreditation
contents
table of
STATISTICS.............................126
6
The School of Business: Annual Report 2009 - 2010
7
MESSAGE FROM THE DEAN
A
s many of you know, this past year has witnessed the launch of the
newly structured School of Business at AUC’s state-of-the-art New Cairo
campus.
While AUC was settling in its new home, the School of Business was already
busy working on a multitude of new initiatives. We selected three main pillars
to focus and guide our efforts: entrepreneurship, innovation and leadership.
These pillars represent the skills with which we wish to empower our students.
The adoption of such a distinctive three-tier thematic approach builds on many
years of development, continuous improvement and dedication by different
constituents of the school. The three pillars are timely qualities that complement
each other and that we believe are necessary for business and socioeconomic
development at the individual, organizational and national levels.
It all began in Fall 2009 when the American University in Cairo restructured
the existing School of Business, Economics and Communication, which was
established in 1993, to create the ?rst dedicated School of Business in the
region, building on its success as the regional leader in business education and
research. A series of inaugural events were scheduled in February 2010 to mark
the opening of the new School of Business and to coincide with AUC’s Board of
Trustees annual meeting in Cairo.
One of the highlights of the year is the effort by the school to establish
an interdisciplinary Entrepreneurship and Innovation Program (EIP).
The program involves working with relevant stakeholders within AUC
and the community. The program represents a commitment to our
mission “to create an environment that fosters the development of
principled and innovative business leaders and entrepreneurs who
can make a difference” by developing human-resource capacities
to build value and create prosperity in Egypt, the Arab and African
regions, and around the world. As we believe that moving forward is a
vital need for development, the school will not only focus on its region,
but will be looking east and south as well.
With dedicated faculty and staff members, the School of Business
provides world-class education for degree-seeking and nondegree
students, and is keen to build and maintain strong international
partnerships with top education providers worldwide. With the
engagement and support of our alumni and friends, the school can
pioneer in offering an innovative and dynamic learning environment
that stands out as the model for business education in this part of the
world while focusing on excellence in teaching, research and service.
The ?rst year for me as dean of the School of Business has been
both challenging and inspiring. Although we are aware that different
challenges will arise, we are clear about our vision and determined
about our mission. I am proud of what we have achieved this year
–– which builds on years of development, progress and continuous
improvement –– empowered by AUC visionary leadership, led by a
team of distinguished faculty, administered by a group of experienced
staff members and supported by dedicated constituencies including
alumni, students, advisory board members and friends who believe
in the educational mission shouldered by AUC’s School of Business.
I am happy to provide you with a Year in Review in this annual report,
which I hope you will enjoy reading.
Finally, I would like to express my sincere gratitude to everyone who
has put effort and support for advancing the School of Business, and
I look forward to further cooperation in the years to come.
Sherif Kamel
August 2010
THE SCHOOL OF BUSINESS
Our Vision
The School of Business sees itself becoming
globally recognized as the leading
business school connecting
the region and the world
Our Mission
The School of Business strives to create an
environment that fosters the development of
principled and innovative business leaders and
entrepreneurs who can make a difference
10
The School of Business: Annual Report 2009 - 2010
11
THE SCHOOL OF BUSINESS
SCHOOL OF BUSINESS
DEPARTMENTS
EXECUTI VE EDUCATI ON
CENTERS
Management Center (MC)
Citadel Capital Financial Services Center (CCFC)
Women’s Entrepreneurship and Leadership Program (WEL)
International Executive Education Institute (IEEI)
Economics
Management
Accounting
ADVI SORY BODI ES
Dean’s Strategic Advisory Board (SAB)
Council of the School of Business (CSB)
Entrepreneurship and Innovation Council (EIC)
CENTERS
Business Computer Center (BCC)
Access to Knowledge for Development Center (A2K4D)
El-Khazindar Business Research and Case Center (KCC)
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13
SCHOOL OF BUSINESS IN BRIEF
UNDERGRADUATE PROGRAMS
The Department of Economics was established in 1947
as the ?rst economics department in Egypt.
The Department of Management, which was established
in 1972, is a regional leader in business education.
The Department of Accounting, which was established
in 2009, ensures that students master thebasic
knowledge and general understanding of accounting
principles covering ?nancial, managerial and
cost accounting.
GRADUATE DEGREE PROGRAMS
The Master of Arts in Economics, which was
established in 1966, intended for students who wish
to acquire graduate-level skills in economic analysis
and relevant quantitative techniques.
The Master of Economics in International
Development, which was established in 2004, is
especially designed for students who wish to acquire
in-depth understanding and knowledge in the ?eld
of development.
The Economics in International Development graduate
diploma, which was established in 2004, is designed
for students who wish to gain a basic understanding
and knowledge of development, but who do not intend
to obtain a master’s degree.
Master of Business Administration (MBA), which
was established in 1983, is a professional degree
designed to prepare students who have completed
undergraduate work in any academic discipline and
intend to pursue a management career.
EXECUTIVE EDUCATION
In 1977, the Management Center (MC) was
established, offering the latest management
concepts and techniques. The volume, diversity
and transformation of its professional training and
development programs have regularly catered for
growing and changing needs in the marketplace, both
in Egypt and the region.
In 2006, the Citadel Capital Financial Services Center
(CCFC) was established. The center is the ?rst of its
kind in the Middle East to offer students, researchers
and professionals a state-of-the-art instructional
facility that integrates hands-on ?nancial services
practice with classroom ?nancial concepts.
In 2008, the Women’s Entrepreneurship and Leadership
Program (WEL) was established as part of the Goldman
Sachs global initiative, providing 10,000 underserved
women with a business and management education.
In 2008, the International Executive Education
Institute (IEEI) was established to be the leading
regional platform for world-class executive education
and networking.
RESEARCH AND CASE CENTERS
El-Khazindar Business Research and Case Center
was established in 2007 and is the ?rst case center
in Egypt that serves students, faculty, industry
professionals and training corporations by providing
them with high-quality cases and business research
on the Middle East and North Africa region.
The Access to Knowledge for Development Center
was established in 2010 as a center for academic
scholarship, research and policy analysis on access to
knowledge for development in Egypt and the Arab world.
THE SCHOOL OF BUSINESS
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The School of Business: Annual Report 2009 - 2010
15
THE SCHOOL OF BUSINESS
Association to Advance Collegiate Schools of Business
In 2006, the School of Business of the American University in Cairo received accreditation from the Association
to Advance Collegiate Schools of Business (AACSB) International. It is the world’s most widely recognized and
sought-after endorsement for business programs. It tells prospective students, faculty members and employers
that an accredited school produces graduates who are prepared to succeed in the business world –– a clear
indication of the international quality of a degree from AUC.
AUC’s School of Business is one of only ?ve percent of all business schools in the world that meet the rigorous
standards for accreditation by the AACSB (Only 596 member institutions are accredited by AACSB). It is one of
120 business schools outside the United States that are accredited by AACSB.
European Foundation for Management Development
The School of Business is af?liated with the European Foundation for Management Development (EFMD), an
international membership organization based in Brussels, Belgium. With more than 700 member organizations
from various ?elds including academia, business, public service and consultancy in 82 countries, EFMD
provides a unique forum for information, research, networking and debate on innovation and best practice in
management development. EFMD is recognized globally as an accreditation body of quality in management
education and has established accreditation services for business schools and business-school programs,
corporate universities and technology-enhanced learning programs. The School of Business is working toward
acquiring EQUIS accreditation, which is linked to the EFMD mission.
ACCREDITATION
AUC holds institutional accreditation from the Commission on Higher Education of the Middle States Association
of Colleges and Schools in the United States (MSCHE /Middle States).
Institutional accreditation status is granted by Middle States for a period of ten years, with a mid-way periodic
review. AUC’s most recent reaccreditation was granted by the Commission of MSCHE on June 26, 2008. The
accreditation status was reaf?rmed subsequent to AUC’s institutional self-study; a visit by a team of peers from
Middle States and consideration by the board of MSCHE.
In Egypt, AUC operates within the framework of the 1975 protocol with the Egyptian government, which in turn
is based on the 1962 Cultural Relations Agreement between the Egyptian and the U.S. governments.
In the United States, AUC is licensed to grant degrees and is incorporated by the State of Delaware.
EFMD
16
The School of Business: Annual Report 2009 - 2010
17
THE SCHOOL OF BUSINESS
ACCREDITATION
National Authority for Quality Assurance and Accreditation of Education
The National Authority for Quality Assurance and Accreditation of Education (NAQAAE) is the accrediting body
for all Egyptian educational institutions (higher education, pre-university and Al-Azhar education). NAQAAE was
established in 2007 by a presidential decree with the main aim of supporting Egyptian educational institutes
through fostering their quality assurance practices. According to the NAQAAE establishment law, the authority
is responsible for evaluating more than 50,000 educational institutions to be accredited within ?ve years.
The American University in Cairo is currently in the process of earning NAQAAE accreditation, along with the
Department of Management.
Supreme Council of Universities
Since its establishment in 1950, the Supreme Council of Universities (SCU) has been planning the policy of
university education and scienti?c research in Egypt as well as coordinating between national universities in the
country. All School of Business graduate and undergraduate programs are accredited by SCU. This accreditation
provides equivalence to academic degrees awarded by foreign institutes or universities as well as those not
abiding by the universities’ organization law number 49 of 1972. The cycle runs every three years, and the School
of Business has renewed its status in the summer of 2010.
“
“
Since the beginning of the year, the school has grown
from being an education center to one of the strongest
entrepreneurial hubs in the region. While seeking
the EQUIS accreditation and having the AACSB
accreditation, the School of Business at AUC will soon
be one of the strongest hubs in the world.
- Lana El Ramly
Accreditation Of?cer,
School of Business, AUC
The Year in
Review
Within the school
20
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
21
The American University in Cairo held a ceremony in February 2010 to of?cially launch the newly structured School of Business THE LAUNCH
Back row:
Hassan Salame, professor of international relations at the Institut d’Etudes Politiques, Paris and senior adviser to the United
Nations Secretary-General; Ismail Serageldin, director, Library of Alexandria; Mohamed Islam, moderator, Shibley Telhami, Anwar
Sadat Professor for Peace and Development, University of Maryland; Soumitra Dutta, Roland Berger Professor of Business and
Technology and academic director, eLab, INSEAD, France; Dipak C. Jain, former dean and professor of marketing, Kellogg School
of Management, Northwestern University, USA; Ali Faramawy, vice president, Microsoft International, Middle East and Africa;
Front row:
Nabil Fahmy, dean of the School of Global Affairs and Public Policy, AUC, David Arnold, AUC president, Boyd Hight,
chairman of AUC’s Board of Trustees, Lisa Anderson, provost, AUC, Sherif Kamel, dean of the School of Business, AUC
THE YEAR IN REVIEW: WITHIN THE SCHOOL
“
“
When I was invited to participate in the board of
the new business school at AUC, I wasn’t really sure
what added value the formation of the school could
bring. The department’s reputation was ?ne and new
programs, such as the executive MBA, could still be
implemented with some coordination. I have to say
that one year into the process, it is being shaped and
coming along in steady steps. It is likely to mature in
a fast pace to match global changes. AUC will harvest
the bene?ts soon. Dr. Kamel is orchestrating efforts as
professionally as expected.
– HE Ahmed Darwish,
Egyptian Minister of State for Administrative Development
Ahmed Darwish
Minister of State for Administrative
Development
22
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
23
– Lisa Anderson
AUC Provost
THE YEAR IN REVIEW: WITHIN THE SCHOOL
“
“
The newly revamped School of Business at the
American University in Cairo is designed to more
effectively showcase our existing programs and
provide a platform for launching new ventures
in management, accounting, ?nance, marketing
and entrepreneurship. With its strong faculty and
under the dynamic leadership of its new dean,
Sherif Kamel, AUC is now building on its role
in producing and promoting the next generation
of innovative and creative private-sector leaders in
Egypt and the region. In the fast-changing global
business landscape, this is an important and
exciting place to be.
Lisa Anderson, Provost
The American University in Cairo
David Arnold, President
The American University in Cairo
“
“
For many years, AUC has prided itself on training
outstanding business leaders and executives for
both Egyptian and international corporations. With
the establishment of a new freestanding School of
Business, we have signaled an increased commitment
to this aspect of our mission. Whether in producing
highly quali?ed undergraduates in business and
accounting, top-notch MBAs or skilled managers
and senior executives, AUC’s School of Business is
setting a world-class standard for business education
in this vital region of the world.
– David Arnold
AUC President
The American University in Cairo held a ceremony in February 2010 to of?cially launch the newly structured School of Business THE LAUNCH
24
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
25
NEW INITIATIVES
“
“
One of the radical changes in the School of Business that we have all
witnessed this year is that sense of creativity, innovation and imagination.
As Albert Einstein once said, ‘Imagination is more important than
knowledge, for knowledge is limited, whereas imagination embraces the
entire world, stimulating progress, giving birth to evolution.
– Adel Danish, SAB chair; chairman
and chief executive of?cer, Xceed
Dean’s Strategic Advisory Board
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Dean’s Strategic Advisory Board
The Dean’s Strategic Advisory Board (SAB) was launched in February 2010 and consists of 37 internationally
recognized and prominent members of the business community and academia who have committed to provide
guidance and advice to help in the development of the School of Business. The board is divided into three
committees: Strategic Positioning Committee, Program Committee and Corporate Engagement Committee.
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THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
27
MEMBERS OF THE DEAN’S STRATEGIC
ADVISORY BOARD
Karim Abadir ’85, ’91, professor of ?nancial
econometrics, Imperial College, United Kingdom
Hassan Abdalla ’82, ’94, chair and chief executive
of?cer, Arab African International Bank, Egypt
Ahmed Abdel Wahab, PhD, chair and managing
director, FAW Industrial Group Egypt; chair,
Engineering Export Council, Egypt
Mustafa Abdel Wadood ’91, managing director,
Abraaj Capital; chief executive of?cer Abraaj
Investment Management, United Arab Emirates
Hashem Abou Zeid ’88, senior vice president, private
equities, Mansour Group and El Maghraby, Egypt
Nayera Amin ’76, ’81, managing director and chief
executive of?cer, Piraeus Bank, Egypt
Richard Barker, senior lecturer in accounting, Judge
Business School, University of Cambridge,
United Kingdom
Youssef Bissada, PhD, emeritus professor of
entrepreneurship, INSEAD, France; distinguished
adjunct professor of entrepreneurship, The American
University in Cairo, Egypt
Adel Danish, PhD, chair and chief executive of?cer,
Xceed, Egypt
Ahmed Darwish, PhD, Ministry of State for
Administrative Development, Egypt
Soumitra Dutta, PhD, Roland Berger Chaired
Professor of Business and Technology, founder and
faculty director of eLab, INSEAD, France
Hassan El Khatib, managing director, The Carlyle
Group, Egypt
Hisham El Khazindar ’96, co-founder and managing
director, Citadel Capital, Egypt
Omar El Sawy ’74, PhD, professor of information
systems, Marshall School of Business, University of
Southern California, United States
Mohamed El Sewedy, chief executive of?cer, El
Sewedy Cables, Egypt
Hisham Fahmy ’74, executive director, The American
Chamber of Commerce, Egypt
Ali Faramawy, vice president, Microsoft International,
Turkey
Ibrahim Ghattas, managing director, SMG
Engineering Automotive Company, Egypt
Alaa Hashim ’97, chief executive of?cer,
Mac Carpet, Egypt
Ossama Hassanein, PhD, senior managing director,
Newbury Ventures, United States
Gabriel Hawawini, PhD, former dean of INSEAD and
Henry Grunfeld Chaired Professor of Investment Banking;
professor of ?nance, France
Aymen Ismail, chair and chief executive of?cer, Dar Al
Mimar Group - Mountain View, Egypt
Dipak C. Jain, PhD, former dean and professor of
marketing, Kellogg School of Management, Northwestern
University, United States
Ali Q. Jawad ’85, PhD, strategic adviser, Department of
Economic Development, United Arab Emirates
Salah Khalil, chair, Macat International Limited; former
strategy consultant to Westminster Foundation for
Democracy, United Kingdom
Jonathan Liebenau, PhD, reader in technology
management, London School of Economics,
United Kingdom
Safwan M. Masri, PhD, director of Columbia University’s
Middle East Research Center; former vice dean and
director of the MBA Program, Graduate School of Business,
Columbia University, United States
Dale Meyer, PhD, distinguished professor emeritus,
University of Colorado – Boulder; senior chair, Western
Partners Worldwide Foundation, United States
Khaled Nosseir ’88, chair and chief executive of?cer,
Alkan, Egypt
Steve Reinemund, former chair and chief executive of?cer,
PepsiCo; dean of the Babcock and Calloway Business
Schools, Wake Forrest University, United States
Ahmed Said ’85, PhD, chair, Global Brands, Egypt
Moustapha Sarhank ’85, chair and chief executive of?cer,
Sarhank Group, Egypt
Richard Schmalensee, PhD, John C Head III Dean
Emeritus and the Howard W. Johnson Professor of
Economics and Management, MIT Sloan School of
Management, United States
Alex Shalaby, chair, The Egyptian Company for Mobile
Services, Mobinil, Egypt
Tarek Tew?k, chair, Chamber of Food Industries; vice
chair, Farm Frites, Egypt
Mona Yassine ’71, chair, Egyptian Competition Authority,
Egypt
George Yip, dean, Rotterdam School of Management,
Erasmus University, The Netherlands
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Sorted by family name
28
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
29
Council of the School of Business
The council represents the school’s faculty, students
and staff, ensuring their participation in the governance
of the School of Business and the discussion of issues
pertinent to the school community. It aims to facilitate
communication among school constituencies and
presents recommendations to the dean regarding
academic policies.
The main role of the council is to advise and provide
input on any matters deemed relevant to the general
welfare of faculty, students and staff.
Department of Accounting
In Fall 2009, the Department of Accounting was
of?cially established; however, a bachelor’s degree in
accounting has been offered since 1995.
The objective of the department is to ensure that
students master the basic knowledge and general
understanding of the accounting principles. Areas
of concentration include ?nancial accounting,
managerial and cost accounting, auditing and
taxation. It takes a multidisciplinary approach to
the ?eld, integrating ?nance and economics with
broader perspectives on organizational issues and the
business environment.
Of?ce of Student Services
The Of?ce of Student Services was established to
provide information on the accounting, business and
economics programs and to help in promoting new
majors and programs. It is a one-stop shop designed
to provide integrated professional service to students
at the School of Business.
The Of?ce of Student Services is committed to
providing the best resources and advising services to
assist students in achieving their study goals, as well
as guiding them through their registration process.
The of?ce supports the school’s mission of developing
innovation, leadership and entrepreneurial skills by
offering opportunities for business students to gain
real-world experience and explore a variety of career
?elds through internship opportunities, international
competitions and student-related conferences.
Communication and Marketing Unit
A Communication and Marketing Unit was developed
within the School of Business to provide information
on different activities. A new web site for AUC’s
School of Business has been created (www.aucegypt.
edu/business), and regular updates are released
to highlight main events and top stories. The unit
also coordinates the production of the school’s print
material including brochures, promotional material,
rollups and banners, coordinating with AUC’s
Of?ce of Communications and Marketing to ensure
its compliance with AUC branding and editorial
standards and guidelines.
NEW INITIATIVES
THE YEAR IN REVIEW: WITHIN THE SCHOOL
30
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
31
Access to Knowledge for Development Center
In February 2010, the Access to Knowledge for Development Center (A2K4D) was established within the School
of Business to serve as a national and regional center for scholarship on Access to Knowledge (A2K), intellectual
property, technology and human development.
A2K4D is a founding member of the Access to Knowledge Global Academy (A2KGA), in collaboration with the
Information Society Project of Yale Law School and partners from Brazil, China, Ethiopia, India, South Africa and
the United States.
On June 1, 2010, A2K4D hosted a regional meeting on open-source software in the Arab world, with participants
from different Arab countries, in order to foster research that will lead to developing a concept paper for each
country.
Real Estate Academy
The Real Estate Academy was launched and incubated as part of IEEI, with the aim of facilitating the engagement
of real estate professionals in Egypt to join international real estate knowledge networks. The academy also
strives to deliver world-class, multilevel training programs in partnership with leading international institutions.
Several events were held since the academy’s establishment including real estate CEO roundtables in November
2009, February 2010 and July 2010; as well as a real estate forum on November 10, 2009, in partnership with the
National University of Singapore and Dar El Mimar - Mountain View, with Egypt’s Minister of Investment Mahmoud
Mohieldin and international experts present. This was in addition to the Advanced Management Program, The
Real Estate Life Cycle, held in Singapore, May 16 – 20, 2010.
NEW INITIATIVES
THE YEAR IN REVIEW: WITHIN THE SCHOOL
(In the middle)
Nagla Rizk ’83, ’87, associate professor of economics, during the launch of
the A2K4D Center, February 7, 2010
A2K4D celebrated
the publication of its
?rst book, Access to
Knowledge in Egypt:
New Research on
Intellectual Property,
Innovation and
Development, in
February 2010.
International Real Estate Forum,
November 10, 2009
Real Estate Academy, Advanced
Management Program, Singapore,
May 16 – 20, 2010
32
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
33
NEW INITIATIVES
Launch of Citadel Capital Financial Services Center Student Academy for Spring 2010
Citadel Capital Financial Services Center (CCFC) has launched the CCFC Student Academy, which offers a wide
range of ?nancial training programs and activities to undergraduate and graduate students. The academy’s
mission is to “enhance the ?nance curriculum with interactive training modules, increasing the marketability
of AUC students and preparing them to face market challenges.”
The academy’s programs are offered in collaboration with CCFC’s academic sponsors. In Spring 2010, CCFC
Student Academy offered students the following programs:
Association for Information Systems Student Chapter – Egypt
The Association for Information Systems (AIS), the premier global organization for information systems (IS) academics manifested
in the form of AIS student chapters, is dedicated to providing a forum for current and prospective IS students.
The School of Business is one of 67 global AIS student-chapter founding schools. Its objectives include increasing the visibility of
IS programs and access to shared resources, gaining a competitive advantage to succeed within the IS ?eld, leveraging worldwide
recognition through competitions and award programs, networking with students from around the world and expanding career
opportunities.
Meet the CEO Series
The School of Business launched Meet the CEO series on June 8, 2010, following the School of Business Graduate Honors
Assembly. Ayman Abdel Latif ’82 ’86, general manager of Microsoft Egypt, was the ?rst keynote speaker in the series, which
aims at enhancing student exposure and providing opportunities to learn from practical work-life experiences.
Certi?cate in Technical Analysis
CCFC offered students a certi?cate in technical
analysis, in collaboration with the Egyptian
Society for Technical Analysis, one of CCFC’s
academic sponsors. The main objective of
this program was to introduce students to key
technical analysis techniques.
More than 35 undergraduate and graduate
students participated in the ?rst round of the
three-month course. Certi?ed technical analysts
conducted the course.
Reuters Certi?cation Program
CCFC offered two rounds of the successful Reuters
Certi?cation Program, jointly with Thomson
Reuters, the world’s leading source of intelligent
information for businesses and professionals.
More than 40 aspiring students were given the
opportunity to become certi?ed Reuters users.
Senior Reuters trainers delivered presentations
about the use of Reuters ?nancial databases in
the ?nance and investment industry.
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Certi?cate in Technical Analysis Reuters Certi?cation Program
34
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
35
“
“
Since its inception, the School of Business has earned a reputation for being
an innovative institution that seeks to position itself at the cutting edge. For
example, it was the ?rst institution in Egypt to recognize the need to develop
a structured program for real estate practitioners and has partnered with the
National University of Singapore’s real estate faculty to establish the ?rst
Real Estate Academy.
– Ambassador of Singapore to Egypt
Hung Seng Tan
THE YEAR IN REVIEW: WITHIN THE SCHOOL
36
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
37
AWARDS AND HONORS
Eduniversal
Eduniversal, a European federation on education,
awarded AUC’s School of Business the highest
distinction in Egypt in 2009 (up from third place in
2008) and the second highest in Africa, after surveying
more than 1,000 business schools globally based on
their capacity for international in?uence, Cape Town,
South Africa, October 26 – 28, 2009.
Annual Distinguished Cultural Prize of
Sultan Bin Al Owais
Galal Amin, professor of economics, received the
Sultan Bin Al Owais Cultural Foundation Award,
which recognizes distinguished works and rich
contributions to Arab culture. Amin’s award was for
the humanitarian and futuristic studies section in
recognition of his contributions to economics, politics,
community and culture.
Dubai Summer Surprises
School of Business alumna Youmna Amr Safwat ’10 joined the award-winning Dubai Summer Surprises (DSS) Apprenticeship
Program in its ?fth edition in Dubai, United Arab Emirates, June 19 – July 2, 2010. Safwat joins AUC alumna Hadia Saraya ’08,
who won the award in 2008.
The award-winning annual training and industry-exposure program paves the way for 10 young people from the region to
participate in the highly successful business administration and marketing internship. The winners received hands-on
experience through working on projects, visiting and auditing key DSS events, and working closely with the DSS team, gaining
valuable training and real-life exposure to best practices in business administration, marketing and events management.
During the competition, students were judged on the quality of their essays, and one winner was selected from each market
to represent his or her country in the program. Safwat was appointed to a marketing team that included students from other
universities in the region. Together, they created a marketing plan targeting the enormous population of people under 30
across the MENA region, and highlighting Dubai’s unique and accessible geographic position. Re?ecting on her experience,
Safwat noted, “We had the opportunity to meet and bene?t from some of the greatest minds, all working for the sole purpose of
promoting Dubai as a global tourist attraction. Spending two weeks with some of the brightest young Arabs, with so much in
common yet so much cultural diversity, broadened my horizons and provided memories that are forever imprinted in my mind.”
THE YEAR IN REVIEW: WITHIN THE SCHOOL
(On the far right)
Stephen Everhart, associate dean
of the School of Business, receiving
Eduniversal award, October 2009
Galal Amin, professor of economics
Dubai Summer Surprises Apprenticeship Program, Dubai,
United Arab Emirates, June 19 – July 2, 2010 - Youmna
Amr Safwat ’10 (second from left)
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THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
39
CNN’s Multichoice African Journalist of the Year Competition
School of Business alumna Ethar El-Kataney ’07 is the 2009 winner of the economics and business
category in CNN’s Multichoice African Journalist of the Year competition for her article “The Business
of Islam,” which is currently being turned into a documentary. El-Katatney is the ?rst Egyptian to win
in the competition, which started in 1995 and recognizes excellence in African journalism.
Student Case Competition at the American University of Beirut, Lebanon
AUB hosted its ?rst Student Case Competition from May 1 to 3, 2010. The competition gave an opportunity to
students from leading universities in the region to interact and apply their academic skills in a practical and
professional setting. AUC’s School of Business delegation won ?rst, second and third place. The winners were:
Rosette Wahba, business administration major (?nance), who ranked ?rst; Farida Kamel, a double major in
economics and business administration (?nance), came in second; and Salma Shabrawy, accounting major, who
won third place.
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
AUC’s School of Business delegation to AUB competition with Sherif Kamel,
dean of the School of Business and Marina Apaydin (center), assistant professor
of management, and Hanan Shahin (far right), head of student services of?ce at
AUC’s School of Business
Ethar El-Kataney ’07
(Photo courtesy of CNN London of?ce)
40
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
41
Student Awards Ceremony Organized by Student Union
On May 2, 2010, AUC’s Student Union granted awards to the best junior and senior science and non-science
majors, based on the students’ ability and excellence in combining academic and extracurricular activities.
The following winners were School of Business students:
Seniors:
Juniors:
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
Arab African International Bank National Competition
The AUC team ranked third in the national competition organized by the Arab African International Bank (AAIB), in
addition to receiving a ?nancial award of EGP 15,000 and a summer internship at the bank. Ahmed Imam and Eman
Abdel Kader, two business administration seniors, entered the competition and presented an innovative ?nancial
product, Pocket Account, which is a service that allows its subscribers to manage all banking transactions through
software installed on subscribed mobile phones. Minister of Higher Education Hani Helal attended the closing
ceremony on December 22, 2009, together with representatives from the participating universities.
AUC’s School of Business Award at AAIB National Competition
Hamed Shamma ’99, ’02, assistant professor of marketing; Eman Abdel Kader, business
major; Hassan Abdalla ’82 ’94, vice chair and managing director, Arab African International
Bank; Ahmed Imam, business major; Sherif Kamel, dean of the School of Business
1
st Mohamed El Dib
Major: Business administration
(marketing concentration)
2
nd Hadeer Shalaby
Major: Business administration
(marketing concentration)
3
rd Aya El Badrashini
Major: Business administration
(?nance concentration)
Lobna Youssef
Major: Business administration
(?nance concentration)
3
rd Mohamed El Messary
Major: Business administration
(marketing concentration)
42
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
43
“
“
– Aftab Ahmed, Citi country of?cer and
managing director, Citibank N.A., Egypt
THE YEAR IN REVIEW: WITHIN THE SCHOOL
The business school has strong leadership and has been successfully able to
create a progressive and dynamic learning environment to mentor the business
leaders of tomorrow. AUC has an exceptional track record of graduating
talent that is extremely sought after in the work force.
44
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
45
AWARDS AND HONORS
School of Business Undergraduate Fall 2009 Honors Assembly – 25 November 2009
Faculty Appreciation
Award was given to
Farouk El Hitami,
professor emeritus
of management, in
recognition of his
contributions to the
School of Business.
Staff Appreciation
Award was given to
Sonia Victor, assistant
to the chair at the
economics department,
in recognition of her
efforts and dedication
to the School of
Business.
The Alumni Award was
presented to Tarek Amer
’80, chair and general
manager, National Bank
of Egypt, and graduate
of the School of
Business, Department
of Economics, for his
exemplary leadership.
THE YEAR IN REVIEW: WITHIN THE SCHOOL
School of Business Spring 2010 Undergraduate Honors Assembly, May 9, 2010
School of Business Spring 2010 Undergraduate Honors students
46
THE SCHOOL OF BUSINESS: ANNUAL REPORT 2009 - 2010
47
AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
The Excellence in Research Award was awarded to Galal Amin, professor of economics.
The Outstanding Alumni Award was presented to Hassan Abdalla ’82, ’94, vice chair and
managing director, Arab African International Bank, for his exemplary leadership. Abdalla
studied management as an undergraduate and earned an MBA from AUC. He is a member
of the Dean’s Strategic Advisory Board.
Faculty Excellence Awards
The Excellence in Teaching Award was given to Dina Rateb ’84,
associate professor of management information systems.
The Excellence in Academic Service Award was granted to
Stephen Everhart, associate dean of the School of Business.
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AWARDS AND HONORS
THE YEAR IN REVIEW: WITHIN THE SCHOOL
School of Business Graduates Honors Assembly - 8 June 2010
The School of Business held its ?rst ever Graduates Honors Assembly.
Faculty Appreciation Award was awarded to Adel Beshai
’63, professor of economics, in appreciation of his invaluable
contributions to the graduate programs at the Department
of Economics.
Faculty Appreciation Award was awarded to Medhat Hassanein,
professor of ?nance and banking and Egypt’s former minister
of ?nance, in appreciation of his invaluable contribution to the
graduate programs at the Department of Management.
Outstanding Alumni Award was awarded to Ayman Abdel Latif ’82, ’86, general manager,
Microsoft Egypt, and graduate of AUC’s School of Business, for his exemplary leadership.
Spring 2010 Undergraduate Commencement
Excellent Teacher of the Year Award – was given to Ahmed Tolba ’97, ’01, assistant
professor of marketing, for his contributions to research, involvement in social marketing
case studies, and commitment and dedication to AUC.
(Left) Ahmed Tolba ’97, ’01, assistant professor of marketing, School of Business, AUC
(Right) AUC President David Arnold
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STUDENTS SCHOLARSHIPS
Youssef Jameel MBA Fellowships (established in 2004)
During the ?rst half of the 2009 - 2010 academic year, three cohorts were running (fourth, ?fth and sixth
cohorts). The fourth cohort ended in Fall 2009, and all fellows graduated in February 2010. The sixth cohort
partially commenced in Fall 2009, with 10 fellows enrolled in the MBA program and 15 (as opposed to 10)
recruited for Spring 2010. New strategies were applied to search for and approach highly quali?ed candidates,
and these strategies proved to be successful.
The Jameel MBA Fellows Program is to be continued, securing a new cohort (seventh) to be admitted in
Fall 2010 with the same criteria and objective of developing future industry leaders in the region to Egyptians
as well Palestinians.
Youssef Jameel MBA Fellows
Yousef Jameel ’68, who of?cially inaugurated the Abdul Latif Jameel Hall at AUC New
Cairo, is a prominent Saudi Arabian business leader, philanthropist, long-time university
supporter and devoted alumnus.
David Arnold, AUC president, Medhat Haroun, dean of the
School of Sciences and Engineering,Youssef Jameel ’68,
Sherif Kamel, dean of the School of Business
THE YEAR IN REVIEW: WITHIN THE SCHOOL
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STUDENTS SCHOLARSHIPS
Al Al? Foundation MBA Fellowships (established in 2008)
In February 2010, Al Al? Foundation agreed to sponsor ?ve quali?ed engineering and science graduates to attend
the MBA program at the American University in Cairo, in addition to the current cohort. The long-term objective
of the program is to develop entrepreneurial leaders of the highest caliber who are capable of ?lling critical
positions in industry in Egypt as well as integrating technical and business skills to compete in a global market.
The ?rst cohort, which started in Fall 2008, is to graduate in Fall 2010.
Hadya Abdul Latif Jameel MBA Fellowships (established in 2008)
In Spring 2008, Hadya Jameel made a pledge to foster entrepreneurs of the highest caliber who can ?ll leadership
positions in Egypt and the Middle East by providing them with the opportunity to gain technical and business
skills to manage and compete in the global market. Fifteen quali?ed Egyptian engineering and science graduates
were granted the fellowship to attend the AUC MBA program, which started in Spring 2008 and ended in
Spring 2010.
Ahmed and Ann M. El Mokadem Fellowships (established in 2010)
The main objective of this scholarship is to support Egyptian students with excellent academic records
who are interested in pursuing graduate studies at AUC in the ?elds of economics and international
economic development.
Informal gathering held over lunch on May 4, 2010 for School of Business faculty and staff
members in acknowledgment of their hard work and in an effort to strengthen team spirit
THE YEAR IN REVIEW: WITHIN THE SCHOOL
The Year in
Review
Within the University
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COLLABORATION WITHIN THE UNIVERSITY
NEW PROGRAMS
Bachelor of Business Administration
in Management of Information and
Communication Technology
The Management of Information and Communication
Technology Program (MICT) is a joint venture between
the Department of Management at the School of
Business and the Department of Computer Science at
the School of Sciences and Engineering.
The MICT is designed with a particular focus on
adapting its content to a local context congruent with
the needs of Egyptian organizations, addressing IT
challenges that arise in such organizations. The MICT
curriculum provides students with a foundation in the
liberal arts and sciences, and enables them to develop
expertise in business management and information
technology. The essence of the new bachelor’s degree
is to blend, in a unique way, the managerial and
technical aspects of information and communication
technology with an overview of related conceptual and
practical elements. The program addresses emerging
trends, tools and applications in the digital economy.
MBA with a Focus
on Construction
The School of Business, in collaboration with the
School of Sciences and Engineering, has developed an
MBA with an area of specialization in the construction
industry.
The program fosters multidisciplinary cooperation to
introduce this new concentration in construction for
the renowned MBA program. The new concentration
has the same requirements of 48 credit hours
including a capstone course and 12 newly developed
credit hours offered by the construction engineering
department. While maintaining the strength of the
existing program, allowances have been made to
cater to non-engineers and to serve business students
better.
School of Global Affairs and Public Policy
Executive Education
IEEI has collaborated with AUC’s School of Global
Affairs and Public Policy (GAPP) to support the launch
of the GAPP Executive Education program. This is to
capitalize on synergies between the constituencies of
the two schools (GAPP and the School of Business) and
to offer joint programs in the future.
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Corporate Sustainability Capacity Building Program
The John D. Gerhart Center for Philanthropy and Civic Engagement at AUC has developed a regional Corporate
Sustainability Capacity Building Program, successfully inviting stakeholders from the corporate sector as
well as the government and development organizations to partner and support the program ?nancially and
logistically. The program includes an awareness-building and executive education component, research and
case development, as well as peer learning activities.
The Corporate Sustainability Capacity Building Program is in partnership with KCC for the case writing
component, and with IEEI for managing and delivering the executive education component of the program.
In 2009 - 2010, two training courses were delivered:
• Corporate Sustainability for a Global Economy, Cairo, March 28 – 29, 2010, Dana Brown, Said Business School,
Oxford University
• Sustainability in the Construction Industry, Dubai, June 6 – 8, 2010
Professor Ahmed Hassanein, Qatari Diar Real Estate Investment Company, and Maria Sillanpaa, founding
director, Sustainability Advisory Group
Corporate Sustainability for a Global Economy
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COLLABORATION WITHIN THE UNIVERSITY
NEW PROGRAMS
Entrepreneurship Courses
Undergraduate Level
Entrepreneurship and Small Business Management
An interdisciplinary course combining skills from all areas of business. The creation of new business ventures with
an emphasis on personal rather than corporate goals. Special focus on problems encountered by the entrepreneurs
in the Middle East and development of solutions to those problems. Prepare students for careers in startups and
small and large corporations. Understand the stages of business development to meet ?nancial goals including
preparation of feasibility studies for business startup.
Graduate Level
Entrepreneurship and Innovation
This course takes students through the various aspects of starting, managing, and growing a business. Whether
to start a new venture, a new project, or develop an innovative way of management. This course will teach how to
write a business plan, its bene?ts and how does it differs from a feasibility study. Opportunity identi?cation, clear
business and market de?nition, segmentation and entry, building a team and creating a suitable organizational
form, avoiding common pitfalls, and various strategies for starting or growing a business, are among the numerous
facets of enterpreneurship covered in the course. Methods employed include individual and group case analysis,
writing a business plan, interviews with, and talks by, enterpreneurs, and pro?ling of successes and failures.
Strategic Management of Innovation
This course will study the theory and practice of innovation as a process and an outcome based on a comprehensive
model of innovation which consists of three determinants: innovation, leadership, managerial levers and business
processess. The course will examine the impact of accelerating innovation on cost, product quality and marketability;
organizational changes required to couple R&D with marketing and commercialization; and the managerial skills
and professional expertise needed to develop a sustainable innovation practice within an organization.
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Entrepreneurship and
Innovation Program
AUC’s School of Business, in collaboration with different
stakeholders at the university and partners within the
community, is aligning efforts to formulate an AUC-
based Entrepreneurship and Innovation Program (EIP),
to be incubated under the International Executive
Education Institute (IEEI). The program’s main goals
are to create a healthy entrepreneurial environment
inside AUC that serves the business community in
Egypt and the region, and to educate students as to
what entrepreneurship is and infuse them with the
desire to create and innovate by connecting them to
venture capitalists, angel investors and mentors.
A proposed model for a pilot project is to be launched
in Fall 2010, which is to include orientation seminars,
a business plan competition, a community/campus
project, an internship program, industry visits, case
writing, organized debates, meet the CEO sessions, a
capstone course and company start-up.
To support this initiative, the school has established an
entrepreneurship and innovation council, consisting of
members with an interest in providing guidance and
expertise in this ?eld.
“
“
– Ossama Hassanein, board chair, Tech Wadi, Newbury
Ventures, member of the dean’s Strategic Advisory Board,
the 2010 - 2011 Willard W. Brown International Business
Leadership Chair at AUC’s School of Business
It’s a distinct pleasure to work with the new leadership
team at AUC’s School of Business. I had met with
Dr. Sherif Kamel in San Francisco shortly before he
was of?cially named dean, and I had the opportunity
to learn ?rsthand of his vision for the school. In the
ensuing year, I watched with admiration the way he
went on to implement his vision, and decided without
hesitation to accept the Brown Chair position to help
him implement the Entrepreneurship and Innovation
Program. This world-class program will undoubtedly
help position AUC not only as a leading business school
in the region, but also as a major and effective incubation
and entrepreneurship center for promising startups. I look
forward to partaking in its success.
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Association Internationale des Étudiants en
Sciences Économiques et Commerciales
Faculty Adviser: Ahmed Tolba ’97, ’01, assistant
professor of marketing
The Association Internationale des Étudiants en
Sciences Économiques et Commerciales (AIESEC)
is an international, nonpolitical, nonpro?t, student-
run, independent, educational foundation. It is a
global network of 50,000 members across more than
107 countries and territories in more than 1,700
universities. AIESEC contributes to the community
through youth exchange in order to develop individuals
who are committed to international cooperation and
understanding. It has an international platform
enabling young people to discover and develop their
potential in order to have a positive impact on society.
AIESEC provides AUC students with opportunities
to work abroad as well as take part in exchange
programs, community development, environmental
awareness, international conferences and training
workshops.
In Spring 2010, AIESEC-AUC participated in the NGO
Fair (MAD Campaign) in Egypt to represent and provide
information about its activities.
A Bite for Life
Faculty Adviser: Monal AbdelBaki ’83, ’88, visiting
assistant professor of economics
Under the umbrella of the Department of Economics,
a new student club named A Bite for Life has been
established under the auspices of the UN World Food
Programme (WFP). Through this club, AUC has joined
the Universities Fighting World Hunger initiative,
which is an international organization of student
clubs aiming to achieve food security. The UN WFP
trains members of the club to help in school-feeding
programs and subsidized food forti?cation with iron
and vitamins.
Entrepreneurs Society
The Entrepreneurs Society (ES) is a student-led body founded
in 2003. It focuses on enhancing entrepreneurial skills,
supporting innovative students and investing in creative ideas
introduced by passionate students who are ready to venture
into the marketplace. This is established by conducting
diverse educational and cultural activities.
ES aims to develop its participants through several means
such as organizing general skill-enhancement and awareness
programs. This is done by conducting a series of lectures and
training sessions that aim to develop students’ entrepreneurial
skills and enable members of the AUC community to grasp
real-life experiences that prepare them for what they might
encounter in the future.
One of the main events organized was the business plan
competition, during which students presented and argued
in favor of their business proposals. It is an innovative
attempt to integrate youth into the complex business world.
Participants in the competition take part in a variety of
seminars, training sessions and interactive lectures, learning
all the technical points of writing a successful business plan.
The winners of the competition receive a ?nancial award and
the acknowledgement of the Egyptian business community.
This year, the prize of the competition was set at LE 50,000.
There were 150 applicants, 20 ?nalists and two winners.
The ES seventh annual convention was held in Spring 2010,
with 300 participating individuals, to develop entrepreneurial
know–how in interested students. The convention consisted of
?ve workshops in various businesses such as small business
simulation as well as import and export simulation. The
convention allowed its participants to explore the essence of
entrepreneurship through training sessions and interactive
discussions.
The Lead is a bi-weekly newspaper published by students. The
Lead discusses issues related to AUC student life. In addition,
it focuses on different topics such as business, news,
entrepreneurship and product reviews. This year, students
distributed more than 2,500 copies.
Events also included several awareness campaigns, a soccer
league and a student-development program.
The European Training Foundation, the European Union
(EU) agency supporting education and training in countries
surrounding the EU, awarded the Entrepreneurs Society a gold
medal for its efforts in promoting entrepreneurship learning.
AUC CLUBS
WITH SCHOOL OF BUSINESS ADVISERS
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Faculty Adviser: Sherif Kamel ’87, ’90, dean, AUC’s School of Business
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63
Finance and Investment Club
Faculty Adviser: Eskandar Tooma ’98, associate
professor of ?nance
The society helps students acquire knowledge about
banking, ?nance and investment by organizing
different activities with the business community The
primary activities included Meet the Faculty lecture
series on ?nance, an open discussion on the global
?nancial crisis and a mini-conference on global trade.
Citadel Capital Financial Services Center hosted
several events with the Finance and Investment Club
to promote student activities including stock market
simulation and the AUC index.
International Conference on
Global Economy
Faculty Adviser: Hamed Shamma ’99, ’02, assistant
professor of management
Some of the annual student conferences at AUC have
a community-service component. This includes the
International Conference on Global Economy (ICGE),
which focuses its work on serving the visually impaired
through establishing micro projects for families and
providing ?nancial support.
The 10th ICGE was held from March 2 to 6, 2010 with
more than 400 participants. The opening ceremony
was by conducted by Ahmed Asaad, assistant of?cer
at HSBC Bank, Egypt.
Conference activities included Saturday training
sessions, junior council, a soft opening, a blood
donation campaign, a seminar as well as a ?eld trip
to the stock market. There are eight councils: business
crisis simulation, investment and commercial
banking, audio visual advertising, global economic
relations, stock market simulation, marketing and
public relations, juniors council and image driving
advertising.
VIA’s main activities include:
• Outreach activities (conducted throughout the year): micro
projects that help orphans in Meit Okba and weekly visits to
orphanages
• Iftar to Go campaign (August – September 2009): daily
delivery of food to the needy in Ramadan
• Keswa campaign (August – September 2009):
collecting used clothes and donating them to the needy during
Ramadan and before Eid
• Tamween Packs campaign (August – September 2009):
packing raw food for distribution in Ramadan
• Children’s Iftar (September 11, 2009): inviting orphanages
to a Ramadan Iftar
• Tagheez Arayes campaign (October – November 2009):
collecting donations to purchase the needs of orphans who
are getting married
• Orphans wedding (November 21, 2009): charitable wedding
for orphan brides and grooms
• Children’s Day (January 8, 2010): inviting Meit Okba orphans
to a fun day at AUC
• Charity concert (March 12, 2010): featuring Omar Khayrat to
raise funds for the club in order to support more orphanages
• Community Service Day (April 18, 2010): to revive the
promotion of recycling on campus
AUC CLUBS
WITH SCHOOL OF BUSINESS ADVISERS
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Volunteers in Action
Faculty Adviser: Dina Rateb ’84, associate professor of management information systems
Volunteers in Action (VIA) organizes educational and recreational events for orphans including providing literacy classes,
micro-projects, and distributing clothes and food packages. VIA’s latest project involved helping orphan brides furnish their
new homes. VIA focuses on orphans in the area of Meit Okba.
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65
“
“
To get something done, you need to really want
it and put your head and heart into it.
– Nevine Loutfy ’74, managing director and CEO,
National Bank of Development Egypt
AUC CLUBS
WITH SCHOOL OF BUSINESS ADVISERS
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
Accounting Link Club
Faculty Adviser: Khaled Samaha, assistant professor of accounting
The main aim of the club is to promote the accounting profession and to inform students of opportunities available in their
accounting careers.
Some of the main activities held this year included the Accounting Link gathering, ?nancial analysis lecture and the Accounting
Link newspaper.
This is in addition to the eighth Accounting Link club simulation held on April 29, 2010, presented by Ernst and Young. The
simulation lasted for two days (April 30 - May 1) with the attendance of an estimated of 155 participants from AUC, Ain Shams
University, Cairo University and Misr International University (MIU). The simulation included an intensive session conducted by
professional instructors from Ernst & Young followed by an exam.
The closing ceremony of the simulation included the announcement of the top twenty participants who were awarded a
summer internship at Ernst & Young. The ?nal competition was held to determine the top three winners who were to receive
the monetary awards. Those were: Lina Sroor, AUC (?rst place), Heba Badawi, Ain Shams University (second place) and Ahmed
Shaaban, Cairo University (third place).
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AUC STUDENT INTERNSHIPS
INITIATED BY THE SCHOOL OF BUSINESS
LG internship
Applicants should be senior students majoring in accounting or business administration, with a GPA of 3.0 or
above, and have excellent communication, leadership and time management skills. Students who took part in
this internship were Heba Ibrahim Hafez, Ola Ismail Mohamed, Christine Maged Salib and Maha Yasser Mohamed.
Ernst & Young internship
The closing ceremony of the eighth Accounting Link Club simulation, held on May 1, 2010, included the
announcement of the top 20 participants who were awarded a summer internship at Ernst & Young. AUC students
who took part in this internship were Yasmine El Hazek, Shady Jonas Fayed, Norane Abdel Halim, Sandro Tadros
and Melody Kotchounian.
Energy Allied International
Candidates were required to be second or third-year students, business-related majors, with a cumulative GPA of
3.0 or more. They should have interest and/or experience in renewable energy and be ?uent in spoken and written
English and Arabic.
School of Business students who participated were Yara Hany El Zahaby, Lana Ashraf Rabie, and Farida Kamel.
Energy Allied International has offered to recruit AUC’s School of Business interns to work on a biodigesters
project until it is complete.
Shell Egypt summer training program
Applicants were required to be in their second or third year at the university and to have not joined the summer
training program in previous years. They were also required to have good English and computer skills.
School of Business students who participated in this program were Nada Abdel Karim El Garraya, Nour
Mohsen Zaki, Mira Mohamed Ahmed, Raghda Mohamed El Shafei, Salma Mahmoud El Maghraby, Alyaa
Hussein El-Sabbah, Yara Mohamed Mahfouz, Rehab Taha Ali and Aya Ahmed Siam.
“
“
AUC’s School of Business is an integral part of our community
in developing and empowering the best of Egypt’s young minds
and preparing our next generation of leaders who will be the
hope for our country’s future economic prosperity.
– Dina Mofty ’98, executive director, Injaz Egypt
THE YEAR IN REVIEW: WITHIN THE UNIVERSITY
The Year in
Review
PORTAL TO THE WORLD
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71
AGREEMENTS, PARTNERSHIPS
AND PROJECTS
Bloomberg Businessweek partnership
The School of Business has partnered with Bloomberg
Businessweek in their B-School Connection Program.
AUC’s School of Business is one of 170 partner schools
and the ?rst partner school outside the United States
to join the program, whose purpose is to promote
professional business thinking and behavior among
students by encouraging them to read, explore and
understand current business issues and events on a
global scale. The program involved 50,000 business
students with access to Businessweek resources
including case studies and faculty resources.
Businessweek magazine (March 22 and 29, 2010)
included a cover wrap on AUC’s School of Business.
WAMDA www.wamda.com
Riyada Enterprise Development Limited (RED) is a
wholly-owned subsidiary of Abraaj Capital Holdings
Limited and is the owner, operator and developer
of the Internet-based portal WAMDA, a dynamic,
comprehensive and connected entrepreneurial
platform supported by Abraaj. WAMDA aims to link
entrepreneurs, innovators, facilitators and change
makers in the region. Its main objectives include
reshaping knowledge access for and in the capacity
of small and medium-size enterprises in the region.
AUC’s School of Business has been chosen to be one of
50 founding partners.
Erasmus Mundus Partnership
The School of Business joined the Erasmus Mundus Partnership as an associated partner in the Erasmus Mundus QEM Master in
Quantitative Economics and Finance (with several Nobel laureates in economics on the advisory board). The following eminent
institutions are also associated partners of the Erasmus Mundus partnership: Paris School of Economics, Sciences Po, ESCP
Europe, University of Tokyo, Fundacao Getulio Vargas, Seoul National University and University of Queensland. This partnership
will give priority to School of Business alumni to enroll in the QEM Master with a scholarship scheme at the University of Paris,
Universidad Autonoma de Barcelona, Universita Ca’Forscari Venezia and University of Bielefeld. Students enrolled in the QEM
program will take courses at all consortium universities, and their degree will be issued by two consortium universities and
Sciences Po Paris. Being an associated partner also allows for participation in network activities as well as the development of
new exchanges for Erasmus-type study-abroad experiences for students in the QEM Program.
AUC’s School of Business also joined the Erasmus Mundus Doctoral Program (EDEEM) as an associated partner. EDEEM is a
three-year doctoral program in economics that brings together seven leading European institutions coordinated by the University
of Paris 1 Pantheon-Sorbonne. All PhD students are jointly supervised by two advisers through an agreement between two
universities in the consortium. The student must spend at least two semesters in each of the two degree-granting universities.
The Emerging Market Global Players Project
The Emerging Market Global Players project (EMGP) is a cooperative arrangement on sustainable international investment
between AUC’s School of Business and the Vale Columbia Center (Columbia Law School / Earth Institute, Columbia University)
for the publication of an annual report on the top multinational enterprises headquartered in Egypt, ranked by their foreign
assets (in addition to any other rankings).
THE YEAR IN REVIEW: PORTAL TO THE WORLD
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Forum Euroméditerranéen des Instituts de Sciences Économiques (FEMISE)
The Department of Economics concluded a collaborative research project with the Forum Euroméditerranéen des
Instituts de Sciences Économiques (FEMISE) on job quality and labor market strati?cation in which it was the
lead institution. The department is also a partner institution with FEMISE in an ongoing project on foreign direct
investment in the Mediterranean region.
Harvard Business
In 2009 - 2010, the Department of Economics offered a new graduate-level course on the economics of
competitiveness, as part of the new af?liation with the Harvard Business School’s Microeconomics of
Competitiveness Course Network of the Harvard Business School.
Management Center (MC)
In 2009 - 2010, the Management Center’s regional presence grew to include Jordan, Kuwait, Qatar,
Saudi Arabia and the United Arab Emirates.
Main contracts include:
Information and Decision Support Center (IDSC) of the Egyptian Cabinet
The scope of the MoU is that IDSC shall provide the MC with continuous updates on the latest
developments in the job market, market needs, employment policies and other issues that would need
to be addressed through professional development programs. Additionally, the MC shall provide a
number of scholarships in its public courses to participants nominated from the IDSC.
Support to Water and Wastewater Sector, Egypt
This contract involved cooperation with Chemonics International on the WWSS-USAID project for the
development and implementation of a professional program in utility management involving managerial
cadres in the Holding Company for Water and Wastewater. Successful participants will be granted a
professional certi?cate in utility management.
Logistics for Consultations and Development, Saudi Arabia
The current cooperation agreement has been renewed until 2012. Logistics has been MC’s learning
partner since 2007, offering diplomas in healthcare and hospital management, human resource
management and total quality management in Jeddah, Mecca and Abha.
Leaders Academy, Kuwait
Partnership agreement for joint implementation of long and short-run programs targeting top and
middle management in the Global System for Mobile Communications and petroleum sector in Kuwait.
It also includes marketing the MC programs in Kuwait.
AGREEMENTS, PARTNERSHIPS
AND PROJECTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
Arab Bank
Providing tailored professional development programs
to enhance the soft skills of people working in the
banking sector in Egypt and the region.
National Bank of Egypt
Providing credit programs for the credit staff during
2010 - 2012.
Al Khafji Joint Operations, Saudi Arabia
Conducting the Six Sigma Green Belt Program.
Union for Human Resource Development in the
Arab World
Cooperation agreement for joint implementation of
training sessions, seminar, workshops, conferences
and programs in the region.
Department of Economic Development, Abu Dhabi,
United Arab Emirates
The renewal of the partnership agreement for a
provisional leadership program to the government
sector.
Skills Castle Academy, Egypt
Cooperation agreement for the implementation of the
total quality management for the healthcare reform
diploma in Tanta.
Future Vision, Saudi Arabia
Cooperation agreement for MC marketing professional
development programs in the Kingdom of Saudi
Arabia. Within this agreement, three runs of the
People Management Workshop were conducted for
SPIMACO (pharmaceutical) in Saudi Arabia.
Kenyon International and the Arab Air Carrier
Organization, the Arab Region
For the development of a professional certi?cate in
emergency response management in aviation, as a
fourth addition to MC’s aviation diplomas accredited
by the Egyptian Supreme Council of Universities.
These programs aim to support the aviation and travel
industry in Egypt and the Arab world. Due to the wide
acceptance of these programs, Kenyon International
Emergency Services, the world’s leading provider of
specialist emergency response operational services
and training, joined the consortium to develop a fourth
specialized diploma on pilot emergency response
management in aviation.
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Amr Hamdy and Graham Williams while signing the
partnership contract
Leadership and Management Development Center, Ministry of Investment, Egypt
Cooperation for the joint implementation of training sessions, seminars, conferences and related activities.
Egyptian Medical Syndicate, Egypt
Cooperation to provide postgraduate diplomas in professional development, preparation for the United States
medical licensing examination and the development of a certi?cate of quality for providers of healthcare services
as well as the development of joint educational programs.
El-Ezz Group, Egypt
Provision of a contractual program, Professional Certi?cate in Advanced Management.
Amr Hamdy, Director, Management Center and Ashraf Ibrahim,
Director, Leadership and Management Devlopment Center signing the contract
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Community service activities, Chartered Institute for
Securities and Investment Accreditation.
Citadel Capital Financial Services Center (CCFC) has
partnered with the Chartered Institute for Securities and
Investment (CISI) in London in an effort to offer a new
concept of ?nancial education and professional training. As
a leading educational and professional training body, CISI
aims to promote ?nancial knowledge and pave the way for
individuals starting their careers in the ?nancial services
industry. Sharing a common goal, the Citadel Capital
Financial Services Center has successfully obtained CISI
accreditation as an accredited training provider for the
past three years. Recently, the center has applied to renew
its accreditation in order to continue training professionals
on CISI quali?cations and diplomas.
CCFC’s partnership with CISI will enhance the delivery of
?nancial education at AUC. It contributes to bridging the
gap between classroom learning and real-life practice,
and adds to the credentials of AUC ?nance students.
Obtaining CISI certi?cation prepares participants for
real-life challenges and enables them to compete in
rapidly changing ?nancial markets. Participants have the
opportunity to participate in widely recognized training
programs, sit for CISI qualifying exams and become
accredited professionals by a leading training institute in
the ?eld of investment.
Women’s Entrepreneurship and Leadership Program
The Women’s Entrepreneurship and Leadership (WEL) Program was established in 2008 as part of a global
initiative aiming to provide 10,000 underserved women with business and managerial education. As part of this
initiative, Goldman Sachs has established partnerships between universities around the world. In this context,
the center partnered with the Wharton School of Business, University of Pennsylvania, to co-design and deliver
The 10,000 Women Entrepreneurship and Leadership Certi?cate Program for Egypt and the Arab world. In June
2009, WEL signed a memorandum of understanding with the Social Fund for Development to facilitate access to
capital for graduates of the certi?cate program.
In its second year, WEL worked on translating and Arabizing the curriculum to ensure greater outreach to the
Arab region. More than 1,000 applications were received in 2009 - 2010, of which 100 were selected and offered
the scholarship. WEL capitalized on its partnership with the Social Fund for Development to reach out to female
entrepreneurs all over Egypt. By the end of the 2009 - 2010 academic year, the total number of participants who
graduated was 140.
The Experts in Residence Service is a new initiative launched by WEL in June 2010. It aims to provide graduates
with one-on-one consultation with experts from different ?elds in an effort to enhance their business practices
and skills. Experts were recruited from a wide range of ?elds and included academicians, business consultants
and entrepreneurs.
AGREEMENTS, PARTNERSHIPS
AND PROJECTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Citadel Capital Financial Services Center
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
International Executive Education Institute
In partnership with world-class executive development providers, the International Executive Education Institute
(IEEI) organized and conducted several events including:
Risk Management
Complete course on risk management with the Professional Risk Managers International Association (PRMIA)
(October 25 – 29, 2009 and February 22 – June 8, 2010). Two risk management programs were developed in
partnership with PRMIA; the ?rst program was a ?ve-day intensive course, while the second was a 60-hour,
intensive program.
ICT
Business Development in the Networked Digital Industry Seminar in partnership with Marshall School of Business,
University of Southern California USC, USA (4-5 November 2009). Program developed in partnership with the
Marshall School of Business USC to provide fundamentals of designing business models for digital platforms.
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Executive Development Program (EDP)
IEEI Executive Development Program EDP
(February – May 2010)
A four-month integrated, multi-partner modular executive
development program developed in partnership with ?ve of the
world’s top business schools and institutions:
• Rotterdam School of Management, Erasmus University,
The Netherlands.
• IE Business School, Madrid, Spain.
• Center for Creative Leadership, Brussels, Belgium.
• Babson College, USA.
• Darden School of Business, University ofVirginia, USA.
Kellogg School of Management, AUC’s School of Business Executive
Development Program, Cairo and Chicago (June 13 - July 2, 2010)
Kellogg School of Management, Northwestern University, USA.
In its second year, the general management program included a one-
week stay in Cairo, Egypt and two weeks in Chicago, USA.
Business Development in the Networked Digital Industry Seminar (November 4 – 5, 2009)
IEEI Executive Development Program, Cairo, Egypt,
February 4 – May 22, 2010
Kellogg School of Management, AUC’s School
of Business Executive Development Program,
Cairo and Chicago (June 13 - July 2, 2010)
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Common Market for Eastern and Southern
Africa (COMESA)
Third COMESA Investment Forum, Sharm El Sheikh, Egypt
(April 12 – 13, 2010)
Egypt hosted the Third COMESA Investment Forum,
organized by the COMESA in cooperation with Egypt’s
Investment Ministry. The aim of the forum was to
promote trade and investment by the COMESA states
through discussions between investors, business
leaders and senior policy makers. IEEI represented
AUC at the forum.
The TechWadi Global Entrepreneurship Forum
The TechWadi Global Entrepreneurship Forum, Lebanon
(June 23, 2010)
The forum, held for the ?rst time in Beirut at the
Olayan School of Business (OSB) at the American
University of Beirut (AUB), emphasized accelerating
entrepreneurship and venture capital in Lebanon and
across the Middle East North Africa region. It also
offered networking opportunities with international
investors, executives, entrepreneurs and policymakers.
Ghada Howaidy, director of IEEI, was a speaker at a
panel discussion on “How to Launch from
Solid Ground.”
The EuroMoney Egypt Housing and Real Estate
Finance Conference
The EuroMoney Egypt Housing and Real Estate Finance Conference,
Egypt (June 15, 2010)
Ghada Howaidy, director of IEEI, moderated a panel
on “Meeting International Best Practices through
Education and Cooperation” at the conference.
Global Supply Chain
Global Supply Chain Management course (April 27- 29, 2010)
A program developed in partnership with the IE
Business School in Spain, with the aim of improving
operational performance in organizations through the
successful integration of supply chain components.
Company-Speci?c Programs
• General Motors Egypt (June 2010 - February 2011)
Star Program is an integrated program aiming to
assist participants in grasping foundation concepts
and their practical application.
• Africa Export Import Bank (July 2 - 3, 2010)
Included a program titled Managing People for
Improved Business Performance.
• Arab Bank (July 6 - 11, 2010)
Two programs titled Credit Analysis Tools of Bank (July
6 – 7, 2010) and Capital Adequacy and Promotion of
Financial Stability Program (July 10 – 11, 2010).
“
“
– Rajeev Chaba,
Chairman and Managing Director,
General Motors Egypt
We are working with the International Executive
Education Institute at the American University in Cairo
on a customized program to provide top end management
inputs to our top talent group known internally as GM
Egypt Star Program. I speci?cally liked the structure
and execution of the program which is spread over ?ve
modules throughout the year. It allows participants to
absorb, internalize and practice some of their leanings
between sessions and come back with feedback for the
rest of the group,. The Curriculum is very well-rounded
and really focused on practical knowledge.
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AGREEMENTS, PARTNERSHIPS
AND PROJECTS
Of?cial launch of KCC, 8 February 2010
(Left) Hisham El Khazindar ’96, Co-Founder and Managing Director, Citadel Capital, Egypt
(Right) Ahmed Tolba ’97, ’01, Assistant Professor of Marketing, Director of KCC, AUC
THE YEAR IN REVIEW: PORTAL TO THE WORLD
“
“
The AUC Business School, with its impressive array of outstanding
university and corporate partners, is transforming itself into a major center of
excellence where both regional and international researchers and students can
?nd an environment conducive to learning and the exchange of ideas. I am
proud to be a friend of the AUC business school.
– G. Harindranath, senior lecturer in management
information systems and director, Royal Holloway
MBA in Hong Kong, School of Management, Royal
Holloway, University of London
El-Khazindar Business Research and Case Center
In collaboration with IGI Global, El-Khazindar Business Research and Case Center (KCC) ?nalized an agreement
in February 2010 for a Case Series Journal. The ?rst edition is to be published by Fall 2010. Seventeen long cases
submitted for the project by different authors from Egypt and the MENA region are awaiting ?nal publication.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
Monal AbdelBaki ’83, ’88
Visiting Assistant Professor of Economics
• Elected as a member of the International Centre for Banking and Corporate Governance of the
National Bank of Ukraine.
• Consultant to the United Nations World Food Programme (WFP).
• Participated as a delegate in the COMESA Investment Forum, April 2010.
• Helped organize the United Nations Walk the World event, AUC, June 6, 2010.
• Participated in the EuroMoney Egypt Housing and Real Estate Finance conference, June 15, 2010.
• Presented a paper titled “Subsidies and Alternative Public Policy Approaches to Food Security:
An Empirical Application to Egypt” at the International Association of Schools and Institutes of
Administration Conference, Bali, Indonesia.
• Presented a paper titled “Overcoming Challenges to Human Well-being: A Public Choice
Application to Egypt” at the International Institute of Administrative Sciences Conference,
Bali, Indonesia.
• Delivered a lecture about new anti-money laundry laws in Egypt at the International Conference
on Financial Crime and Terrorism Financing, Kuala Lumpur, Indonesia, July 2010.
Galal Amin
Professor of Economics
• Delivered the Qostantine Zoreiq lecture titled “The Future of Arab Nationalism,” organized by the
Foundation of Palestinian Studies, Beirut, March 2010.
Marina Apaydin
Assistant Professor of Management
• Conducted a case-writing workshop with a focus on corporate sustainability, organized by
El-Khazindar Business Research and Case Center, AUC, April 18, 2010.
Conducted several workshops during the year including note taking and speed reading, how to
solve a business case, and how to get and ace a job interview.
• Participated in Science with Africa (SWA) II conference organized by UNICA, Addis Ababa,
Ethiopia, June 23-25, 2010.
The second Science with Africa conference titled Science, Innovation and Entrepreneurship
addressed speci?c themes examining ways of promoting innovation and entrepreneurship through
science, technology and innovation policies.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
Khaled Dahawy ’90
Director of MBA Programs and Associate Professor of Accounting
• Participated in the Association for Global Business, International Academy of Linguistics,
Behavioral and Social Sciences annual research, Orlando, Florida, USA, November 12 - 15, 2009.
• Attended The Role of the Quality Control on the Auditing Profession, Egyptian Accounting
Association, Cairo, Egypt, December 21 - 22, 2009.
• Attended The New Real Estate Tax in Egypt, Al-Ahram Center for Political and Strategic Subjects,
Al-Ahram Foundation, Cairo, Egypt, December 23 - 24, 2009
• Speaker at the 33rd European Accounting Association Annual Conference, Istanbul, Turkey,
May 19 - 21, 2010.
• Speaker at the American Accounting Association (AAA) annual meeting and conference on
teaching and learning in accounting, San Francisco, USA, July 31 - August 4, 2010.
Mohga Badran ’85
Professor of Management and Chair of the Department of Management
• Trainer at a program titled Train the Trainer, Arab Women Organization, Arab League, Cairo, Egypt,
January 24 - 28, 2010.
• Trainer at a program titled Principles of Project Management, Arab Women Organization, Arab
League, Cairo, Egypt, March 28 - April 1 2010.
• Participated as a member of the Egyptian delegation to the Global Reporting Initiative (GRI) -
Amsterdam Global Conference on Sustainability and Transparency, Amsterdam, Holland,
May 26 - 28, 2010.
• Attended the Academy of Management annual meeting, Montreal, Canada, August 6 - 10, 2010.
Adel Beshai ’63
Professor of Economics
• Invited by the University of Bologna (along with a professor from the United Kingdom and another
from China, as well as three scholars) to deliver a lecture to graduate students and faculty members
as part of the university’s new MA program in development and innovation. The lecture was titled
“End of the Cheap Food Era?” Italy, March 2010.
• Participated as a major discussant and active member in the XXII edition of the Villa Mondragone
Economic Conference, which is the highest level economic conference in Italy devoted to economic
issues of important policy relevance, Italy, June 2010.
• In accordance with the agreement between AUC and the University of Rome (2006), Adel Beshai
lectures every year for the graduate program at the University in Rome. In June 2010, Beshai and
Professor D. Salvatore were voted by students as the best professors of the year, and their module
of international economics was largely successful.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Maha El-Shinnawy ’84 ’86
Professor of Management, Director of the Goldman Sachs Women’s
Entrepreneurship and Leadership Program
• Invited to speak at the Entrepreneurship in Higher Education seminar, AUC, Cairo, Egypt,
March 2009.
• Invited as a speaker at the International Women’s Entrepreneurship and Leadership Summit,
promoting female entrepreneurship in the Arab region, Istanbul, Turkey, June 2009.
• Invited as a panel speaker at the Leadership Academy, accessing capital for female entrepreneurs,
New York, USA, July 2009.
• Invited as a participant at the Management Accelerated Program, INSEAD, France,
September 2009.
• Keynote speaker at the Arab Women’s Leadership Summit, United Arab Emirates, January 2010.
Abeer Elshennawy
Assistant Professor of Economics
• Invited as a participant in the Cairo Agenda for Action Situation Analysis, Consultation with
CSOs and Business, Cairo, Egypt, May 17 - 18, 2010.
• Invited as a participant in the launch conference of Egypt’s Human Report titled Youth in Egypt,
Building our Future, Egypt, June 27, 2010.
Hala El Ramly ’85
Associate Professor of Economics and Chair of the Department of Economics
• Participated in the Business Climate Development Strategy of Egypt conference, organized by
the Ministry of Investment in cooperation with The Organization of Economic Cooperation and
Development (OECD) and The European Commission in Cairo, Cairo, Egypt, October 12, 2009.
• Participated in the 16th annual conference of the Economic Research Forum, Cairo, Egypt,
November - 9, 2009.
• Participated in the annual conference of the Forum Euro-Mediterraneen des Instituts Economiques
(FEMISE), Brussels, Belgium, November 14 - 15, 2009.
• Presented “A Re-examination of Income Convergence among Arab Countries” at the 30th Annual
Conference of the Middle East Economic Association, which was held in conjunction with the 2010
annual convention of the Allied Social Science Association (ASSA), Atlanta, Georgia
January 3 - 6, 2010.
• Participated in a workshop titled Situation Analysis: Cairo Agenda for Action on Aid Effectiveness,
Cairo, Egypt, May 17, 2010.
• Participated in the launch conference of the seventh annual Egyptian Competitiveness Report
titled Green Egypt: A Vision for Tomorrow, organized by the Egyptian National Competitiveness
Council, Cairo, Egypt, May 24, 2010.
• Participated in the United Nations Walk the World event, AUC, Cairo, Egypt, June 6, 2010.
• Participated in the launch conference of the Egypt Human Development Report 2010 titled Youth
in Egypt: Building our Future, Cairo, Egypt, June 27, 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Shawki Farag
Professor of Accounting and Chair of the Department of Accounting
• Participated at Yale Arab Alumni Association event, American University of Beirut, Lebanon, October 2 - 4, 2009.
• Chair at the European Accounting Association (EAA 2010), Istanbul, Turkey, May 19 - 21, 2010.
• Speaker at the METU-BU conference, Middle East Technical University, Ankara, Turkey, June 2010.
• Speaker at American Accounting Association (AAA) annual meeting, San Francisco, California, USA,
July 31 - August 4, 2010.
Medhat Hassanein
Professor of Finance and Banking and Egypt’s former Minister of Finance
• Selected to serve on the Commission for the Legal Empowerment of the Poor, formed by the United Nations
Development Programme (UNDP).
• Selected to serve on the Joint Committee on the Remuneration of Executive Directors and their alternates (JCR) of
the World Bank and the International Monetary Fund.
• Organized and chaired a session by John Kasarda, Kenan Distinguished Professor of Management, Strategy
and Entrepreneurship, University of North Carolina titled “The Cairo Aerotropolis: Providing Egypt’s 21st Century
Competitive Edge,” on December 3, 2009. The lecture was given to 350 top executives and middle managers of the
public and private civil aviation sector in Egypt. The Egyptian Minster of Civil Aviation was the discussant at the
lecture. Hassanein gave a complementary presentation titled “Financing Models of Aerotropolis: The Case of Egypt”.
• Participated, together with UNDP’s regional of?ce in Cairo, in organizing a roundtable discussion titled “Regional
Implementation of the Pillars of the Legal Empowerment of the Poor Report,” Cairo, Egypt, December 13, 2009. This
was attended by government of?cials from the Middle East and North Africa region, representatives from the private
sector, parliamentarians, press representatives, lawyers and academicians.
Stephen Everhart
Associate Dean of the School of Business
• Delivered an AUC 101 presentation at the AACSB’s Small Schools Forum in Baltimore, USA,
September 2009.
• Presented a seminar and review of a green energy project under development at AUC, a biodigester
with the Desert Development Center (DDC), at the United States Trade Development Agency in
Washington, DC, September 2009.
• Served as the keynote speaker at the Project on Middle East Democracy conference, delivered
the keynote speech on human security and economic development at the November 2009 Project of
Middle East Development (POMED) conference.
• Delivered the keynote speech titled “Finding the Exit: Turning Venture Capital into an IPO” at the
African Venture Capital Association’s annual meeting, November 2009.
• Served as a panelist and discussant for the Islamic Countries Conference on Statistical Sciences
(ICCS-X) session on governance and indicators, December 2009.
• Led the project ?nance panel at the Renewable Energy and Clean Technology International and
Investment conference convened by the Overseas Private Investment Corporation (OPIC), New Delhi,
India, May 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Tarek Hatem
Professor of Management
• Participated in and organized the Conference on Promoting Entrepreneurship in the Global
Economy: The Role of Education, Policy and Research, with experts from the International Council
of Small Business (ICSB), Cairo, Egypt, October 19, 2009.
• Participated at the KMD Method for Media Innovators (creative global leaders of creative
industries), Tokyo, Japan, November 2 - 7, 2009.
• Participated and organized a workshop titled The Essential Elements of Education and Training
for Future Entrepreneurs and SME Owners, Industrial Modernization Center, Cairo,
November 16 - 18, 2009.
• Panelist at Best-Practices in Entrepreneurship Policy (B-PEP), Arab-regional conference hosted
by the Dubai School of Government, Dubai, United Arab Emirates, November 19 - 20, 2009.
• Participated in the Middle East Council for Small Business and Entrepreneurship (MCSBE) and
the International Development Research Centre (IDRC)’s Entrepreneurship Policy Seminar titled
“Looking Forward: Entrepreneurship Policies for Egypt,” Cairo, Egypt, December 3, 2009.
• Participated in the Egyptian Competitiveness annual conference, Cairo, Egypt, February 2010.
• Lead academic faculty presenter at the strategic planning workshop for the Ministry of Tourism,
Dubai School of Government, February 2010.
• Lead academic faculty presenter at the strategic planning workshop for the Department of
Electricity and Water Authority (DEWA), Dubai, March 2010.
• Lead academic faculty presenter at the strategic planning workshop for the Department of
Electricity and Water Authority, Dubai School of Government, April 2010.
• Presenter of “Strategies to Foster Greater Creativity and Innovation Actions in Egyptian Firms,” at
the 17th annual AUC Research Conference, April 2010.
• Presenter of the “Design and Implementation of Youth Entrepreneurship Programs” at Making
Youth Entrepreneurial, organized by the International Labor Organization (ILO), Sharm El Sheikh,
Egypt, May 5 - 7, 2010.
Ahmed Kamaly
Associate Professor of Economics
• Invited and participated in the Organization for Economic Co-operation and Development (OECD) Global Forum
on International Investment, Paris, France, December 2009.
• Presented a paper titled “Does FDI Crowd in or out Domestic Investment? The Case of Egypt” at the Middle East
Economic Association meeting, Atlanta, USA, January 2010.
• Presented a paper titled “Modeling Total Factor Productivity in Developing Countries: The Case of Egypt” and
chaired a session in the Third Euro-African Conference of Finance and Economics, University of Sorbonne, Paris
France, June 2010.
Maha Mourad ’95, ’99
Assistant Professor of Marketing
• Participated in the Promoting Equity in Higher Education Conference at the Higher Education Academy,
Nottingham, United Kingdom, January 27 - 28, 2010.
• Participated in the International Conference on Higher Education Marketing at the Academy of Marketing,
Southampton, United Kingdom, March 29 - 31, 2010.
• Participated in the 21st International Conference on College Teaching and Learning, Florida, USA,
April 19 - 23, 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
• Presented in the Accreditation, Quality Assurance and Continuous Improvement at the
Management Center of the School of Business, 3rd Annual Healthcare Quality Accreditation
Symposium, Faculty of Medicine, Alexandria University, Egypt, April 1, 2010.
• Participated in the Presidential Summit on Entrepreneurship, Washington, D.C, USA,
April 26 - 27, 2010.
• Participated in the ICT Solutions Using Entrepreneurship and Innovation, Panel on Innovative
Solutions to Youth Challenges, Launching of the Egypt Human Resource Development Report 2010.
Youth Egypt: Building Our Future, United Nations Development Program and Institute of National
Planning, Ministry of Economic Development, Egypt, June 27, 2010.
• Participated in the Association to Advance Collegiate Schools of Business (AACSB International)
Strategies for High-Performing B-Schools: A Seminar for Experienced Deans, Chicago, Illinois, USA,
July 25 - 28, 2010.
• Participated in the Academy of Management Annual Meeting on Dare to Care, Passion and
Compassion in Management Practice & Research, Montreal, Canada, August 6-10, 2010.
Sherif Kamel ’87, ’90
Dean of the School of Business
• Participated in the London School of Economics Alumni Association Leadership Forum, London,
UK, September 25 - 26, 2009.
• Participated in the Eisenhower Fellowships Conference on Energy, the Challenges for Environment
and Security, Paris, France, October 1 - 2, 2009.
• Participated in the Association to Advance Collegiate Schools of Business (AACSB International)
New Deans Seminar, Tampa, Florida, USA, October 25-28, 2009.
• Presented in the Social Network Systems Panel, Proceedings of the 8th Global Mobility Roundtable
on Transforming Through Mobility, Cairo, Egypt, November 1-3, 2009.
• Participated in the Partners for Development, Experience of the Italian-Egyptian Debt Swap
Program in the Consultation on Policy Options for Dealing with the Impact of the Financial Crisis
on the External Debt of Developing Countries Meeting, United Nations Department of Economic and
Social Affairs, Financing for Development Of?ce, Geneva, Switzerland, November 13, 2009.
• Presented in the Workshop on Research on Access to Knowledge and Development, Proceedings of
the 4th Internet Governance Forum, Sharm El Sheikh, Egypt, November 14 - 18, 2009.
• Presented in the Business Faculty, Recruitment, Deployment and Development Panel, AACSB
International World Class Practices in Management Education Conference, Dubai, UAE,
December 6 - 8, 2009.
• Presented in the Education in Egypt: Challenges and Opportunities Panel, Alliance of Civilizations
International Fellowship Program, British Council, Egypt, March 8, 2010.
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A SAMPLE OF FACULTY PARTICIPATION
IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Nagla Rizk ’83, ’87
Associate Professor of Economics, Director of the Access to Knowledge for
Development Center (A2K4D)
• Invited by Harvard Law School to lecture to Professor Yochai Benkler’s students on “Intellectual
Property and Access to Knowledge: The Case of The Creative Industries in Egypt.” Presented
research on access to knowledge in Egypt, and moderated the session on free culture in society at
a workshop on free culture research, Cambridge, Berkman Center for Internet and Society, Harvard
Law School, October 22 - 23, 2009.
• Presented a “Technology Transfer or Adaptation in the Arab World”, panel held within the launch
of the 2009 Arab Knowledge Report, hosted by the Arab Strategy Forum, United Nations Development
Programme and Al Maktoum Foundation, Dubai, United Arab Emirates, October 28 - 29, 2009.
• Presented on “Prospects for Regional Research projects on Access to Knowledge (Information
Technology) and Knowledge-Embodied Goods (Access to Medicines)” at a roundtable discussion
organized by Bloomsbury Qatar Foundation Publishing, Doha, Qatar, October 31 – November 1, 2009.
• Participated in a workshop entitled Intellectual Property, Competition and Human Rights at the
Internet Governance Forum, organized by Abbe Brown from the University of Edinburgh, Sharm El
Sheikh, Egypt, November 18, 2009.
• Selected by the United Nations Development Programme and Casa Arabe of the Spanish Ministry
of Foreign Affairs to represent the authors of the 2009 Arab Knowledge Report. Gave a presentation
titled “Enabling Environments for Arab Knowledge – Freedoms, Knowledge Production and
Measurement.” Spain, April 28 - 29, 2010.
• Invited to Women Arab Techies, Beirut, Lebanon, May 11 - 14, 2010 to talk about access to
knowledge and discuss a regional project of the A2K4D center focusing on open-source software.
• Participated in the First Middle East and Africa Open-Source Software Technology Forum, June
15 - 16, 2010. Assisted in writing and editing the English version of the Concepts Declaration of
the forum.
“
“
– Nagla Rizk ’83, ’87
Associate Professor of Economics, AUC
I appreciate the fresh outlook and the
momentum that has taken place at the
school over the past year. I look forward
to further outcomes of such dynamism in
the next couple of years.
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IN LOCAL, REGIONAL AND INTERNATIONAL EVENTS
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Tarek Selim’92, ’95
Associate Professor of Economics
• Invited to participate at Competitiveness and Economic Policy: Methodology and Prospects for Business
Development, Dubai Economic Council, Dubai, 2009.
• Speaker at the Forces of Competition and their Implications for Egyptian Competition Policy workshop, Egyptian
Competition Authority, February 2010.
• Speaker at the Market Concentration Ratios and their Use in Competition Policy seminar, Egyptian Competition
Authority, Cairo, March 2010.
• Speaker at the Market Structure: Damage of Monopoly Power workshop, Egyptian Competition Authority, Cairo,
March 2010.
• Keynote speaker at the Techno-economic Analysis for Egyptian Nuclear Energy, International Conference on
Engineering Solutions for Sustainable Development, New Cairo, April 2010.
• Speaker at the Market Concentration Ratios and their Use in Competition Policy workshop, Egyptian Competition
Authority, Cairo, April 2010.
• Speaker at the Market Structure: Oligopoly and Cartel workshop, Egyptian Competition Authority, Cairo, April 2010.
• Invited to participate in Toward a New Energy and Environmental Policy for Egypt: Development of Clean Sources
in an Emerging Economy, Indian Council for Research on International Economic Relations (ICRIER), New Delhi,
India, May 2010.
• Presented the Market Monitoring System, Egyptian Competition Authority, Cairo, May 2010 .
• Speaker at the Market Evolution and Blue Ocean Strategy: Implications for Competition Policy workshop, Egyptian
Competition Authority, Cairo, June 2010.
• Speaker at The Culture of Competition in Egypt, Egyptian Competition Authority panel symposium at the Egyptian
Media Syndicate, Cultural Awareness Section, Cairo, Egypt, June 2010.
• Participated as a faculty af?liate at the Microeconomics of Competitiveness (MOC) Faculty Af?liation Program,
Harvard Business School, Institute for Strategy and Competitiveness, Cambridge, Boston, USA.
Mona Said ’89, ’91
Assistant Professor of Economics
• Presented “Trade liberalization and Labor Rewards in Egyptian Manufacturing: Is There a Wage-
Job Quality Tradeoff?” at a Workshop on Economics of the Mediterranean and the Euromediterranian
Process organized by CREMed (IEMed and Barcelona GSE) and the European Institute (LES),
Barcelona, Spain, July 16 - 17, 2010.
• Participated in the Third World Congress for Middle Eastern Studies, organized by the IEMed, the
Universitat Autònoma de Barcelona (UAB) and the Government of Catalonia, Barcelona, Spain, July
19 - 24, 2010.
Abdelkrim Seghir
Assistant Professor of Economics
• Visited the University of Nova in Lisbon, Portugal, April 15 – May 4, 2010.
• Started a research project with Professor Mario Rui Pascoa, chairman of the Economics Faculty
Council, on credit markets and default.
• Visited the Department of Economics at the University of Chile, Santiago, May 10 – 31, 2010.
• Started a research project in collaboration with Professor Juan Pablo Torres-Martinez, academic
director of graduate programs in economics, on credit markets and restricted ?nancial participations.
• Presented a paper titled “Ponzi Schemes, Equilibrium and the Elasticity of Credit Constraints”
at the Third Euro-African Conference in Economics and Finance, University of Paris 1, Pantheon-
Sorbonne, June 2010.
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
Wa?k Younan
Associate Professor of Economics
• Presented “Moments of Order Statistics of a Generalized Beta and Arcsine Distributions with
Some Special Cases” at the Tenth Islamic Countries Conference on Statistical Sciences (ICCS-X),
AUC, Egypt, December 20 - 23, 2009 (to appear in the conference proceedings).
• Presented “Moments of Order Statistics of a Generalized Normal Distribution” in the Ninth
International Conference on Ordered Statistical Data and its Applications (OSDA), Zagazig
University, Egypt, July 11 - 13, 2010 (appeared in the book of abstracts).
Samir Youssef
Professor of Management and International Business
• Chosen by the United Nations Development Programme (UNDP), among case-study writing experts from a number
of countries including India, Turkey, Iran, Ukraine, Morocco and Tunisia, the Growing Inclusive Markets Project. The
project aims to engage low-income consumers in private business activities.
Authored two case studies funded by UNDP to be used as business models across Egypt and other developing
countries.
• Attended conference organized by the Eurasia Business and Economic Society (EBES), Istanbul, Turkey, May 26
- 28, 2010 and presented a paper titled “Structural Requirements of IT Outsourcing,” which was published in the
abstract proceedings of the conference.
• Attended the fourth biennial conference of the Academy of World Business, Marketing and Management
Development (AWBMAMD), hosted by The University of Oulu Business School and the Martti Ahtisaari Institute of
Global Business and Economics, University of Oulu, Finland, July 12 - 15, 2010.
Youssef presented a paper titled “Applying the Porter’s Diamond to the Development of IT outsourcing Industry in
Egypt.” The abstract was published in the proceedings book, and the full paper was published in a proceedings CD.
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STUDENT EXPOSURE
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Third Festival of Thinkers Conference (Abu Dhabi, November 4 - 5, 2009)
For the ?rst time, Stephen Everhart, associate dean of the School of Business and two of AUC’s top business
students –– Rosetta Wahba ’10 and Mohamed Bahaa ’10 –– were hosted by the government-sponsored Festival
of Thinkers conference held at the United Arab Emirates. This biennial event is a platform to foster and celebrate
thinking among youth of the region, allowing them to share ideas and thoughts with a total of 15 Nobel Prize
winners, plus 1,000 leaders from the world stage including HM Carl XVI Gustaf King of Sweden; Cherie Blair; Mike
Moore, former prime minister of New Zealand; Lady Barbara Judge, chair of the UK Atomic Energy Authority; and
Fidel Castro Diaz-Balart of Cuba.
AUC School of Business banner displayed at SWA II exhibition,
Addis Ababa, Ethiopia, June 23-25, 2010
Collaboration between business students at the American University in Cairo (AUC) and students
from the Information, Science and Technology College (IST) at Pennsylvania State University (PSU)
on a global team project (January – May 2010)
The project was initiated by PSU, IST College as part of a course titled Human Diversity in the Global Information Economy.
Half of the course was dedicated to global diversity, where teams of PSU students worked with a team of students in another
country viewed as domain experts about an information system that requires knowledge of national context. PSU students
worked as information analysts and AUC students as context experts. At the end of the project, PSU students were required
to develop a conceptual design of a website that targets Egyptian users.
This project was led by Hoda Hosny, professor of management of information systems and Nahed Amin, assistant professor
of management of information systems, AUC.
Video conference session on food security issues with Auburn University (April 27, 2010)
Video conference between Econ 414 (Economics of Egypt) class of Monal Abdel Baki, visiting assistant professor of
economics, and Professor Douglas Coutts’ class at Auburn University was held as a method of sharing learning experiences
and enhancing interactive learning with venerable U.S. institutions.
South American Business Forum (SABF) (Argentina August 6 - 9, 2010)
Farida Kamel, who is double majoring in business administration and economics, participated in the SABF in 2010. Each
year the forum receives 100 outstanding university students from around the world, together with 40 leaders in business,
political and academic areas. The 2010 event explored topics of global relevance with the aim of encouraging dialogue and
interaction between current and future leaders in order to contribute to the development of the region.
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“
“
My experience at AUC was truly an overwhelming one. I got exposed to plenty
of opportunities that helped shape my character and develop my networking
and professional skills. Being part of the School of Business was a life-changing
experience, not only in terms of learning from professors with diverse backgrounds
and teaching orientations, but also from the various training and exchange
opportunities offered by the school. All these experiences are accessible to anyone
who seeks to leave an impact on Egypt’s economic development.
– Mariam Beshay,
School of Business Finance Graduating Senior
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INTERNATIONAL STUDENT VISITS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Columbia Business School, Columbia University MBA Student Visits - January 2010
AUC’s School of Business received a delegation of students and faculty from the MBA program at the Columbia
Business School, Columbia University, USA on January 10 2010, as part of the international requirement of
their MBA.
Members of the delegation attended four lectures at AUC titled “Status and Development of the Egyptian Stock
Market” by Osama Mourad, chief executive of?cer, Arab Finance Company; “Status of the Suez Canal and its
Role in the Egyptian Economy” by Tamer El Nashar, Suez Canal Authority; “The Banking Industry in Egypt and the
impact of privatization” by Monal Abdel Baki, visiting assistant professor of economics, AUC; and “The Energy
Sector in Egypt” by Khalid Abou Bakr, chief executive of?cer, Taqa Company.
Sherif Kamel, dean of the School of Business, gave a presentation highlighting AUC’s history and role within the
region. Khaled Dahawy ’90, director of MBA programs and associate professor of accounting, accompanied the
delegation on a visit to Vodafone Egypt.
Russian scholar and student visit – February 2010
The group consisted of six students from the Peoples’ Friendship University of Russia who are studying
international economics and ?nance. The delegation visited the AUC campus, the School of Business as well as
the university residences, and gave a brief presentation on Russia and its economy.
Columbia Business School student visit, January 10, 2010
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INTERNATIONAL STUDENT VISITS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Darden School of Business, University of Virginia MBA Student Visits - March 2010
AUC’s School of Business received a delegation from the Darden School of Business, University of Virginia on
March 8, 2010. The visit included 25 of the top students at the Darden School of Business as well as three of
its faculty members.
Members of the delegation attended four lectures at AUC titled “Information Technology in Egypt” by Sherif
Kamel, dean of the School of Business; “Status and Development of the Egyptian Stock Market” by Osama
Mourad, chief executive of?cer of Arab Finance Company; “The Banking Industry in Egypt and the Impact
of privatization” by Monal Abdel Baki, visiting assistant professor of economics, AUC; and “The Corporate
Responsibility” by Dina Sherif, associate director of the John D. Gerhart Center for Philanthropy and
Civic Engagement.
University of North Florida (UNF) business student visit - March 2010
Ahmed Tolba ’97, ’01, assistant professor of marketing, organized an exchange program between his international
marketing undergraduate students and international business students at the University of North Florida (UNF).
Students exchanged ideas through Blackboard during the semester. Then, UNF students visited AUC in March
2010, and a full-day panel took place. Students discussed and presented speci?c international business topics,
and prominent guest speakers contributed to the discussions.
Darden School of Business student visit, March 8, 2010
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
Daniel L. Shapiro, Harvard business professor, visited the School of
Business and met with Stephen Everhart, associate dean of the School of
Business, during his visit to Egypt, October 18, 2009.
The Women’s Entrepreneurship and Leadership
Program organized two panel discussions to celebrate
Global Entrepreneurship Week, during the week of
November 15, 2009.
The Honorable Gerry Weiner PC, former minister of immigration
and citizenship of Canada, and director of investor relations-Pace
Global Advantage, conducted a seminar titled “Canada and the
Economic Global Crisis: A Landscape for Opportunity,” along with
David Turnbull, CFP, CFA, MBA, director of ?nancial planning and
investments at Pace Global Advantage, as well as founder and
chief executive of?cer of ARCH CAPITAL, INC., October of 2009.
The International Executive Education Institute organized the eighth
Global Mobility Roundtable conference (GMR), Cairo, November 1 -
3, 2009. GMR brings together experts and decision-makers from
industry, academia and policy-making agencies. It aims to build
and support sustainable international networks of researchers and
practitioners working in the mobile communications and wireless
data industry.
Masood Ahmed, director of the Middle
East and Central Asia department of the
International Monetary Fund, was invited
by the Department of Economics to give a
lecture at AUC on “Economic Outlook of the
Middle East Region,” November 9, 2009.
BNP Paribas held a daylong recruiting event for School
of Business students and conducted a seminar on
their annual investment challenge. Their visit to AUC
was their ?rst foray outside continental Europe, and
the School of Business was the only Middle Eastern
university invited to participate, November 24, 2009.
Olivier Blanchard, economic counselor and director of the research
department of the International Monetary Fund, was invited by the
Department of Economics to give a lecture at AUC titled “The Crisis:
Past, Current and Future,” December 7, 2009.
Elizabeth Fletcher, AACSB’s leading expert on assessment and assurance of learning,
led a two-day conference on assessment and assurance of learning for School of
Business faculty, December 2009.
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DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
Sherif ElKholy, managing partner of Actis Capital,
held a seminar on venture capital opportunities in
Egypt and the region, December 2009.
Dipak C. Jain, former dean and professor of marketing and
entrepreneurial studies, Kellogg School of Management,
Northwestern University, USA and member of the dean’s strategic
advisory board, held a lecture titled “The Future of Marketing” in
collaboration with the American Chamber of Commerce in Egypt,
February 7, 2010.
George Yip, dean of the Rotterdam School
of Management, Erasmus University,
The Netherlands, and member of the
dean’s strategic advisory board, held
a lecture titled “Internationalization of
Business Schools” in February 2010.
Günter Busch, School of Environmental Science
and Process Engineering, Brandenburg University
of Technology Cottbus (BTU), Germany, held a
renewable energy seminar titled “Producing Biogas
from Waste,” March 1, 2010.
Hassan Aly, chief research economist at the African Development Bank, was invited
by the Department of Economics to give a lecture at AUC titled “Africa’s Recovery
from the Global Recession: Opportunities and Challenges,” March 3, 2010.
Nina Fedoroff, Hillary Clinton’s science and technical adviser, had a
meeting at the School of Business with Stephen Everhart, associate
dean of the School of Business and Sherif Kamel, dean of the School
of Business, during her visit to AUC on April 15, 2010.
R. Edward Freeman, professor of business administration,
Darden Business School, University of Virginia, USA, held
a lecture titled “Putting Business and Ethics Together:
How Corporate Governance Can Improve Your Bottom
Line,” in collaboration with the American Chamber of
Commerce in Egypt, in May 2010.
Stephen Thomas, CASS Business School, City University
London, United Kingdom, held a lecture titled “The
Financial Services Industry Post Crisis: The UK Perspective”
in collaboration with the Egyptian Institute of Directors on
June 7, 2010.
The School of Business hosted the third annual Islamic Finance News (IFN) roadshow. This daylong
educational event, which traveled to 17 countries, provided an opportunity for banking professionals,
government bodies, insurance companies, lawyers, consultants and other experts to understand the
role they play in the global growth of the industry, June 9, 2010.
THE YEAR IN REVIEW: PORTAL TO THE WORLD
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DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Gabriel Hawawini, The Henry Grunfeld Chaired Professor of Investment Banking, professor of
?nance and former dean at INSEAD, France, received an honorary doctorate from AUC. Hawawini
delivered the commencement address at AUC’s graduate commencement ceremony held on June
16, 2010. He also gave a lecture titled “The Greek Crisis and the Future of the Euro” on June 17,
2010, in collaboration with the American Chamber of Commerce in Egypt.
Randy Folks, associate dean of the Moore School of Business,
University of South Carolina, visited AUC and met with Sherif
Kamel, dean of the School of Business as well as Stephen
Everhart, associate dean of the School of Business, on July 1,
2010. The University of South Carolina, which has been ranked
as number one, two or three for the past 21 years in U.S. News
& World Report ranking of international business programs, is
exploring a partnership with AUC’s School of Business.
The Department of Economics organized the 15th annual conference of the African
Econometric Society at AUC, July 7 - 9, 2010. The three day conference covered a
variety of economic and ?nancial topics, in the presence of distinguished professors.
Sherman Robinson, professor of Economics, Institute of Development Studies, University
of Sussex, United Kingdom, came to AUC as a distinguished visiting professor and gave
lectures organized by the Department of Economics titled “Potential Drivers of Economic
Development in the 21st Century” (July 12, 2010), “Adapting to Climate Change and
Managing the Nile: Studies of Ethiopia and the Aswan Dam in Egypt” (July 14, 2010)
and “Maximum Entropy Econometrics: Information Theory and Bayesian Estimation”
(July 15, 2010).
“
“
My experience with AUC School of Business as a member of the dean’s strategic
advisory board has been quite diverse over the past year, which I have found to be
very interesting. The school is working hard to achieve its target of producing business
leaders who can make a difference. The efforts in establishing entrepreneurship and
innovation programs are also clearly visible and highly regarded.
– Professor Soumitra Dutta, Berger Chaired Professor of Business
and Technology, founder and faculty director of eLab, INSEAD and
member of the dean’s strategic advisory board
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DISTINGUISHED INTERNATIONAL
VISITORS AND EVENTS
THE YEAR IN REVIEW: PORTAL TO THE WORLD
Courtesy ofhttp://www.news.harvard.edu/gazette/wp-
content/uploads/2008/04/08-shapiro.jpg
Nina Fedoroff, Hillary Clinton’s
science and technical adviser
Dipak C. Jain
Courtesy ofhttp://images.businessweek.
com/ss/08/07/0721_global_boards/
image/slide-13-dipak-jain.jpg
George Yip
Courtesy of mba24.com
Olivier Blanchard
Gabriel Hawawini
Paul Collier,
CBE (Commander of the Order of the British Empire)
Director of the Center for African Studies
Oxford University, UK
John Moore,
President of the Econometric Society
Edinburgh University and London School
of Economics, UK
The Department of Economics organized the 15th
Annual Conference of the African Econometric Society
at AUC, 7-9 July 2010
Osama Saleh, Chairman of the Egyptian General
Authority for Investment (GAFI), Egypt
Panelists at IFN event, 9 June 2010
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THE YEAR IN REVIEW: PORTAL TO THE WORLD
RESEARCH SEMINAR SERIES
The School of Business is aware of the importance of exchanging research ?ndings. On this basis, a series of
seminars were initiated to discuss research topics of interest to students and faculty members.
• “Fostering Innovation Through Information Technologies for Strategic
and Economic Prosperities,” March 18, 2010.
Mehdi Khosrow-Pour, president and publisher of IGI Global and editor in
chief, Journal of Cases in Information Technology.
• “Developing Effective Teaching Cases: Techniques and Challengers
Workshop,” March 18, 2010.
Mehdi Khosrow-Pour, president and publisher of IGI Global and editor in
chief, Journal of Cases in Information Technology.
• “Making the Leap from the Lab to the Maket Place,” March 24, 2010.
Ra?k Loutfy, director of Xerox Center for Engineering Entrepreneurship
and Innovation, and professor and Walter Booth Chair of Engineering
Entrepreneurship and Innovation, McMaster University, Canada.
• ORACLE
“Predicting the Capture of Despots, Boeing Dreamliner Deliveries and
Oscar Winners Using the Wisdom in Crowds,” April 11, 2010.
Donald N. Thompson, economist and professor of marketing and strategy
at the Schulich School of Business at York University in Toronto, Canada,
and adjunct professor at Ozyegin University, Istanbul, Turkey.
• “Enabling Entrepreneurship in Egypt: The Role of Entrepreneurs and
Non-Entrepreneurs,” May 5, 2010.
Ahmed Tolba ’97, ’01, assistant professor of marketing, School of
Business, AUC and director of El-Khazindar Business Research and
Case Center.
• “What Innovation is Not: A Comprehensive View of Innovation,”
May 12, 2010.
Marina Apaydin, assistant professor of management, School of
Business, AUC.
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RESEARCH SEMINAR SERIES
IT Forums
• November 23, 2009
By Hesham Abdel Mohsen, regional marketing director for
the Middle East and Africa, at Global Knowledge
• December 3, 2009
By Omar Hamdy, ERP consultant
• December 9, 2009
“Business Intelligence,” by Magdi Kamel, professor, Naval
Postgraduate School, USA
• March 23, 2010
“E-commerce Situation Worldwide and in Egypt,” by
Wael el Fakharany, country manager, Google Egypt
“
“
The newly restructured School of Business at AUC is poised to be a game changer
for quality business education in the Middle East with its energetic leadership,
engaged strategic advisory board, supportive local community, and international
partnerships with top institutions. The focus on entrepreneurship and innovation
in the digital age is an exciting direction, which capitalizes on AUC’s capabilities
and relationships, and serves the local and global business community. I am looking
forward to developments occurring over the next ?ve years.
– Omar A. El Sawy (MA ’74), professor, Marshall School of Business,
University of Southern California, member of the dean’s strategic advisory
board, holder of an MA in enterprise management, AUC, 1974
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THE YEAR IN REVIEW: WITHIN THE SCHOOL
Statistics
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129
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
Faculty
(2009 - 2010)
46
Full-time
faculty
43
Adjunct
faculty
223
GRADUATE
STUDENTS
2009 - 2010
114
S T A F F
2009 - 2010
958
UNDERGRADUATE
STUDENTS
2009 - 2010
130
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131
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
8,873
Undergraduate program
6,962
Graduate program
1,911
3,847
Economics
2,676
Business
administration
439
Accounting
1,088
Master of Business
Administration
397
Economics
359
Management
67
Economics in
international development
165,000
MANAGEMENT CENTER ALUMNI
+
300+
Programs
250+
Instructors
ALUMNI OF
UNDERGRADUATE AND
GRADUATE PROGRAMS
132
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133
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
337
I NT ERNAT I ONAL EXECUT I VE
EDUCATION INSTITUTE (IEEI) ALUMNI
19 Programs
113 Training hours
143 Companies served
EL-KHAZINDAR BUSINESS
RESEARCH AND CASE CENTER (KCC)
6 Workshops
1 Seminars
18 Long case studies –
IGI Global – submitted
and are under ?nal review
134
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135
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
1,425
Women’s Entrepreneurship and
Leadership (WEL) alumni
CITADEL CAPITAL FINANCIAL
SERVICES CENTER
TOTAL USERS
(including recurring users)
140
136
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137
STATISTICS
SCHOOL OF BUSINESS STATISTICS
AUGUST 2010
OPERATING REVENUES OPERATING EXPENSES
Academic Programs
Executive Education
30%
2%
68%
Academic and Academic Support
Research
Other Expenses
31%
69%
2009
2010
School of Business
AUC New Cairo
AUC Avenue • P.O. Box 74 • New Cairo 11835, Egypt
tel 20.2.2615.3254 • fax 20.2.2795.3847
[email protected]
www.aucegypt.edu/business
doc_622483388.pdf