The Mumtalakat Holding Company has presented a BD57,000 (151,199) grant to inJAz Bahrain to support the company programme, which encourages students to set up and run their own mock business.

Under the programme, the students elect a board of directors among their peers, raise share capital and produce a product or service.

'It offers them a realistic grounding of what running a business is like in the real world and allows them to take responsibility and understand how it feels to be accountable to shareholders,' officials said.

'The future economic growth of Bahrain depends on nurturing a generation of business leaders who can operate and succeed in an increasingly global economy,' said Mumtalakat chief executive officer Talal Alzain.

'As a knowledge driven economy, their success will underpin Bahrain's future growth.'

inJAz Bahrain's executive director Shaikha Hessa bint Khalifa Al Khalifa said that the financial support would mean that more students will be able to benefit from the programme.

'The grant will be spent entirely on the activities covered by the programme in addition to the students' participation in two extended learning opportunities including national and regional competition and the Cambridge Inter-national Examination, which takes place once the students complete the course,' she said.-TradeArabia News Service