The fund will look for funding from governments and private sector companies Naser Al Wasmi Jan 21, 2019 January 21, 2019 SHARE SHARE Kuwait’s $200 million (Dh734 million) fund for investments in technology represents the country’s belief that crises in the region can be partly mitigated by investing in youth pursuing careers in the digital economy, Kuwait’s minister of finance said on Sunday. Dr Nayef Al Hajraf, in an interview with Kuwait’s state-run news agency Kuna, said the fund will look to create jobs in the sector and engage youth in crisis-stricken areas. “This high-level initiative is also aimed at channelling the necessary and important resources so that Arab youth can create added value in the economies of the Arab countries and their communities,” he said. Kuwait and Qatar have each pledged $50 million to the fund with sources saying the fund wants the private sector to get … [Read more...] about Kuwait tech fund to support Arab youth in the digital economy
Dubai: Young Arabs believe that religion is essential to their identity but also say that it plays too much of a role in today’s Middle East, according to newly-released findings from the 2018 ASDA’A BCW Arab Youth Survey unveiled in Berlin. The findings were revealed at a special German-Arab Friendship Association event hosted by Ali Abdullah Al Ahmad, UAE Ambassador to Germany, at the Embassy of the UAE in Berlin. Held under the theme “Investing in Arab Youth – Fostering Responsible Leadership”, the event welcomed more than 80 guests, including MPs, diplomats, academics and business leaders. As the only European country to make the top five nations which Arab youth would choose to live in and emulate, the findings from the Arab Youth Survey clearly show an appreciation and recognition of Germany among the region’s youth. - Sunil John, founder & CEO of ASDA’A BCW and President of BCW Middle East … [Read more...] about Arab Youth Survey unveiled in Berlin
Germany most favoured European nation for Arab youth to live in and for their own countries to emulate Dubai: Young Arabs believe that religion is essential to their identity but also say that it plays too much of a role in today’s Middle East, according to newly released findings from the 2018 ASDA’A BCW Arab Youth Survey unveiled in Berlin. The findings were revealed at a special German-Arab Friendship Association event hosted by Ali Abdullah Al Ahmad, UAE Ambassador to Germany, at the Embassy of the UAE in Berlin. Held under the theme “Investing in Arab Youth – Fostering Responsible Leadership”, the event welcomed more than 80 guests, including MPs, diplomats academics and business leaders. In his opening remarks, Al Ahmad said: “The UAE is a young country, both in terms of when we were established, and in terms of our population. As we move beyond our dependence on our natural bounty of hydrocarbons, it is youth that will be our biggest asset. … [Read more...] about Arab Youth Survey findings unveiled in Berlin
The unemploment of 25% of Arab youth needs to be addressedOctober 18, 2018 10:29 am The 2008 financial crisis widened the gap between youth and the labor market. While the world was busy innovating solutions, political conflicts and environmental crises have further aggravated the situation. Newer mechanisms are required where youth can engage in the design and implementation of solutions, by integrating them into the international and local organizations who are responsible for deciding on development tools and goals. Under the theme “Youth: crisis challenges and development opportunities”, Sharjah is hosting this year’s edition of IIFMENA on October 24th, organized by The Big Heart Foundation in partnership with the UNHCR, UNDP, UNICEF, NAMA Women Advancement Establishment and UN Women. The conference will bring together a large number of Arab youths to listen to decision makers and express their opinions and point of views regarding the design and … [Read more...] about The unemploment of 25% of Arab youth needs to be addressed
Turn on the news, browse the web, or enter any café in an Arab country and you will often hear something along the lines of this: “Our youth are more educated than ever, but they just can’t find any jobs!” General sentiment in the region is that of despair as universities graduate thousands upon thousands of young men and women every year and open the gates of the job market to them, yet these young people, who we can classify as Arab Millennials, have very little success in securing a job interview even.In fact, the MENA region has the highest rate of youth unemployment in the world at 25%, according to the IMF, the World Bank and the Organization for Economic Cooperation and Development (OECD). In comparison, European countries are seeing their lowest unemployment rates since the turn of the century, Statistics Netherlands (CBS) reports. At this year’s Dubai’s World Government Summit, it was revealed that 5 million Arab young men and women will … [Read more...] about Arab youth unemployment rate highest in the world, but why?