Kuwait has announced the launch of an initiative to form a $200 million fund for investments in technology.<\/p>\n
Kuwaiti Deputy Prime Minister and Foreign Minister, Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, made the announcement at an Arab Economic Summit held in Beirut.<\/p>\n
The minister said the \u2018economic co-operation\u2019 of Arab countries should be the region\u2019s primary concern and added that the initiative was a move towards embracing a digital economy.<\/p>\n
He mentioned that His Highness the Amir created a fund to help small enterprises in the Arab region back in 2009, with Kuwait contributing a share of $500 million.<\/p>\n
It is estimated that the fund has helped retain some 437,000 jobs in the region, while it paid for more than 7,000 Arab-made development projects.<\/p>\n
He spoke of the \u2018close rapport\u2019 that Arab nations have maintained over the years, by holding talks on a regular basis in an attempt to create prosperity and development.<\/p>\n
While addressing the summit in Beirut, Lebanese President Michel Aoun called for the creation of an inter-Arab bank as this would help Arab countries across the region.<\/p>\n
\u201cI call on all the Arab institutions and financing funds to meet in Beirut during the coming three months to discuss and finalise these mechanisms,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuwait has announced the launch of an initiative to form a $200 million fund for investments in technology. Kuwaiti Deputy Prime Minister and Foreign Minister, Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, made the announcement at an Arab Economic Summit held in Beirut. The minister said the \u2018economic co-operation\u2019 of Arab countries should be the region\u2019s primary […]<\/p>\n","protected":false},"author":18,"featured_media":32895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1741,15963,809],"tags":[424,4361,233,369,7680,7681],"class_list":["post-32894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-kuwait","category-more-news","tag-government","tag-investment","tag-kuwait","tag-technology","tag-technology-fund","tag-technology-investment"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/32894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=32894"}],"version-history":[{"count":8,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/32894\/revisions"}],"predecessor-version":[{"id":33007,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/32894\/revisions\/33007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/32895"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=32894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=32894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=32894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}