Kuwait, 11 April, 2025 : Acting Prime Minister Sheikh Fahad Yousef Saud Al-Sabah emphasized the need for unified economic policies and enhanced cooperation among Arab nations during the joint annual meetings of Arab financial institutions and the 16th session of the Council of Arab Finance Ministers in Kuwait.
Sheikh Fahad stressed the importance of strengthening economic structures, improving the business environment, and increasing productivity. He noted the growing role of technology, particularly artificial intelligence, in shaping the global economy and highlighted the Arab region’s challenge in integrating these technologies to achieve growth.
The Prime Minister also reiterated Kuwait’s ongoing support for youth empowerment, human capital development, and small and medium enterprises, initiatives that began at the 2009 development summit. He praised the role of Gulf development funds and Arab financial institutions in supporting global development projects.
Omani Finance Minister Sultan Al Habsi also addressed the meeting, stressing the impact of global events, such as U.S. customs duties, on the Arab economy. He called for policies that foster a conducive investment climate and accelerate reforms to ensure sustainable development.
Delegates from various Arab countries, including financial ministers and officials, participated in the meetings, discussing the region's economic challenges and the need for coordinated strategies to maintain stability and growth.
Source : www.zawya.com
