This news has been read 12874 times!
KUWAIT CITY, Feb 13, (Agencies): To address challenges, manage crises, and diversify economies, the world needs to support epistemic modes of governance, said His Highness the Prime Minister of Kuwait Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah on Monday. In his speech to the World Government Summit held in Dubai, His Highness Sheikh Ahmad affirmed that the world was going through a delicate period that required exceptional management of any given situation whether it was improving economies or handling natural and man-made crises.
He noted that his country had taken confident steps toward realizing the Kuwait Vision 2035 for development, transforming it to a financial and commercial regional hub attracting global investments. His Highness the Prime Minister also affirmed that the State of Kuwait had taken strides in the direction of digitizing government transactions and developing work, economic, environmental and social atmospheres. He affirmed that the Kuwait plan was in line with the UN Sustainable Development Goals (UNSDG) 2030. His Highness the Prime Minister remarked on the slogan of the current summit “Shaping Future Governments”, saying that it reflected a clear innovative vision for the world set by host country the UAE.
He commended the Emirati government on its high-level organizing of this prestigious global event. The Kuwaiti Prime Minister said that the current summit was held during a critical time in the world, extending during his speech condolences to the governments and people of both Turkiye and Syria, which were affected by a devastating earthquake last Monday. Returning to the issue of shaping future governments, His Highness the Prime Minister pointed out that knowledge revolution and the digital transformation required from governments to step up their games and meet the ongoing challenges whether financial, educational, and so on. Failing to solve problems whether pertaining to the environment or international conflicts would lead to catastrophic consequences for the whole world, he added.
His Highness the Prime Minister highlighted a recent achievement by Kuwait, which came with the launch of the KuwaitSat-1 satellite from Florida, US. He revealed that the project was a success due to the three-year cooperation between Kuwait University (KU) and Kuwait Foundation for Scientific Development (KFAS), adding that the Mohammed Bin Rashid Space Centre (MBRSC) and University of Colorado Boulder also played a part in the project, making it a success international cooperation venture. Meanwhile, Egyptian President Abdel Fattah El- Sissi offered effusive praise Monday for the United Arab Emirates, seeking to repair a rift between Cairo and the Gulf Arab states that have supplied billions of dollars in aid to his nation. El-Sissi has relied on handouts from Gulf Arab states to keep his country’s economy afloat since seizing power in 2013. Estimates suggest over $100 billion in Gulf money has gone to Cairo via Central Bank deposits, fuel aid and other support since then. But in recent weeks, Gulf Arab nations, including Saudi Arabia, have begun signaling that they want to see more reforms from countries receiving their aid – particularly as nations worldwide struggle with inflation and the fallout from Russia’s war on Ukraine.
That likely would affect Egypt, which already is under pressure from the International Monetary Fund to reform. “We used to give direct grants and deposits without strings attached and we are changing that,” Saudi Finance Minister Mohammed al-Jadaan said at the World Economic Forum in Davos in January. “We need to see reforms. We are taxing our people. We are expecting also others to do the same, to do their efforts. We want to help but we want you also to do your part.”
This news has been read 12874 times!